WRKO>Audio & Video on Demand>>7-31-14 Full Show

7-31-14 Full Show

Jul 31, 2014|

7-31-14 Full Show by Barry and Kim

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

-- hi everybody Barry Armstrong here with your leader bank quick tip of the day I'm joined by -- truly a vice president at leader bank. And how does leader bank help business owners grow their business. Thanks very we have worked with a lot of small businesses. In providing financing for their business needs so I'm example of this will be you know your local neighborhood restaurants. Law firms. Technology company a manufacturing company. Really any sort of small business that is looking to expand. To grow their business and needs financing to help fund that. -- -- can be involved. Currently we actually have a special going on where we'll provide. Business lines of credit report business term loans with absolutely no closing costs. So we are actually end. I prefer Small Business Administration lender. And this is a government to approve that we have agreed to provide these loans very quickly and seamlessly. And we're doing them with no closing costs at all until the end of October. That's fantastic. Folks if you don't learn more about doing your small business banking at leader bank here's what I would suggest given a call at 7816463900. Leader bank wants to be your business banking partner he called -- -- 7816463900. Of course she can visit them on the web its leader bank dot com. Or call them 7816463900. Where do you do your business banking today I think taking good care -- if not. Give a call leader bank 7816463900. -- leader bank. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Securities offered these securities America incorporated member then wrapped SIPC in advisory services -- securities America advisors incorporated Gary Armstrong Armstrong advisory group in the street America companies are not affiliated. I'm go to grocery. Into the law. -- -- The basketball. Yet wherever you're going the quality gasoline and ExxonMobil stations of the energy behind your journeys they helped engines run smoother and help improve fuel economy to. ExxonMobil energy lives here and Exxon Docomo mobile look -- details. 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It teaches you how to protect your credit 866810642. To the cost free and so are the forms needed to check your credit call now 8668106422. -- Orleans hold on your checkbooks and give your portfolio break. It's time for the financial exchange with -- Barry Armstrong in Kim Keller again. From Wall Street to your street -- -- human -- you colored -- the financial exchange with Barry Armstrong and gene Kerrigan. Hi everybody welcome to -- great speed carrying him with you here on Thursday. Him you know I don't get real nervous when I hear things Lou coming right every year I don't know what he's gotten -- on site. -- that I read -- the thing about the full fire right. And the survival rate if you get the able virus that survival rate is one had a -- And needs a guy that's got a 90%. Mortality rate. And I don't mean to be an alarmist right but our tea you you watch what's going on with stocks it's not happening. Because of anything on Wall Street I'm wondering. If the Ebola outbreak in West Africa isn't it more serious problem -- what is being able to. Well I gotta tell you I think I think that. -- authorities are being very frank about it so far. You know in this year we had about that had about 12100. To 15100. People who've been confirmed with it in of those. Right at 700 of them have died. We've -- so you are so far we have to Americans who are currently infected and we have a doctor who's died now none of those on US soil and one is. Either in. Guinea or in Liberia or -- early on what is it weeks. It is it the flu -- -- is transmitted through fluids and so the workers and that's the primarily on these individuals -- these Americans we have we've talked. So with its workers are progress but it's transmitted through fluids. It presents like the flu and really it's a very very high fever that can't be brought under control that ultimately kills. It's -- 90% of its victims 90% of its victims. What's trying to be determined right now and it just to let you know -- every year there seems to be an Ebola outbreak in Africa somewhere but this year. We have more than doubled. The highest amount of people with the with the disease so far 2014. So this is considered a pretty dramatic outbreak. And it would scary about it is that. It's happening in the middle of the summer when people are traveling via an in your concern I think is valid one Tuesday it comes to north of where it goes to Europe right it -- -- -- -- how many people this would kill if it ended up in East Asia so the question is can it come to the United States the answer is yes and now. The answer sound like a lawyer did you -- felt like a politician doesn't. But authorities say the answer is yes and -- yes someone could in a terrible scenario get on the airplane who had been exposed. But the chances of that are not great. Because the areas in which this outbreak is taking place are pretty much been sealed off so they're doing the best they -- the question today. The two individuals that two Americans who have been diagnosed positively for Ebola want to come home. So what they're trying to determine now. The CDC. And I'm sure they can we bring them home and if they come home where -- like now. And you know this all good questions right and this is up for great debate figured it Plum Island. Well a happy guy in in Long Island Sound yeah I think that's like it that's the big. You know it's it's -- you know epidemic like -- -- that you you are very fearful people are very fearful and to bring those two people on US soil immediately opens up US. So it's it's a really interesting and scary. And nothing for Americans to be the chances of anyone getting Ebola are not great. At all -- chances are probably monitoring it sounds like it by truck to but it sounds like a place. But that's the problem you know it's. The question becomes you know how do you stop it. In Africa how to stop it. And that and how you contain most important. Well there you were keeping an eye on it we will continue -- we are. MasterCard -- on earnings estimates yum. Brands haven't all kinds of problems over in Asia well you know China was different announcers and yeah. You know reappoint those of you who are wondering about Yum! Brands we're talking about it KFC. Pizza Hut taco now they own nose and what's happened is they've had some kind of you know in China you know their instructional services so terrible. That at some kinda contaminated food get into the restaurants and now people who went into the restaurant. Whole foods stock breaks down today we're going to be talking later probably -- there. If it's all about earnings and revenue Michael brush however from marketwatch.com. Is bullish on the stock -- we will be talking to Michael and we'll get his input on. On whole foods and Argentina. Looks like they will be entering into default -- back defaulted technically be defaulted yesterday yes. Second time in thirteen years now and not good for Argentina's senate. Be they can't seem to come to terms I think what they're doing is playing a game of chicken with some hedge fund guys -- New York toll billion -- you know talked about a lot of money. But the BP chose the wrong guys these are not public officials he's our politicians. -- money straight Ernie they've got Argentina. Backed into corner Argentine is gonna pay the -- the eve of the banks are gonna pay or Argentine somebody's gonna pay these henchmen or go to 1000000005. They had several rulings and court they're gonna get them here so. -- that's that's part of what we're gonna cover during the course of the show we -- very busy program I mentioned the whole foods story that will be covering. We're also going in the second hour we're going to be teaching you. Little tricks of the trade in terms of how to improve your credit this is really cool stuff that I know I had no idea to everyone who's listening. Everybody got a. A 650 credit score these little tricks can drag you up to 68690. And he's a lot of things you can do. And that makes a big difference -- -- going to borrow money the difference between 615 to 690. But he can be different to being in the by house -- right so we'll talk about that. But the topic of the day in and the thing that and I've got to just ask you this second they've been kind to talk to me about it all day. Market basket we are now two weeks in tennis rightly were two weeks into this. Ongoing side. You've been covering it when you've been work in over WGBH at night I know we've been talking to it you've talked to some of the employees. You know. Initially if this thing was gonna be resolved peaceably. -- was gonna happen fast. IE. Am very surprised if it's Thursday of this week are ready and that this has happened themselves I really thought we go into the week. With a resolution no later than Wednesday I thought that. Some kind of deal would have been struck with Arthur -- and his side. Of this debate but it has not and the result of this. He's disaster it seems to me for the company's sales down 90% or more right questioning as to whether or not they can meet payroll did you did you see. That orders that'd be in place by stores two weeks ago started to roll in this week in the erotic and erotic. So it was all being thrown away. Very could I get -- to have to tell you it we're going to be joined we have a guest he's a terrific -- -- name's John Davis he's the faculty chair. Families and business program at Harvard does this mean what public -- as they get the right. But I wanted to know what what what's gonna happen. -- -- week we've been reporting on the news we know that they're advertising it full page ads saying we're higher -- EP gathered at a job fair next week the air there hiring its full steam ahead. So what's the eventual outcome like I -- As I look at it right and I I say okay. It all the employees and I'm part of that same market basket group on FaceBook. And all of the employees say we're not going back to working at 75000. Likes on -- racing market basket in the raising money in -- and policy. And they're saying we're not gone back to work for anybody in 32 other than -- ET. Promised and I've done the math and if party T wants to buy the company he's got to come up with the money. Right he's got to come up right one point five billion maybe one point seven billion some. Big big dollar he has to come up with the buy out his cousins where does that money come from in the money isn't free right -- whoever loans in the money if if he goes to a hedge fund he goes to a bank if he goes to a union pension fund. They're gonna want some kind of return here and. And the profits of hundred million dollars a year. I don't know that they cover. The interest on the -- right even the interest on the loan -- -- operating expenses. So the question becomes will market basket ever be. Ever be the same place that was before it really and I I can't he at this point and I can't dwell in and we have vote. A terrific again John Davis knows better than we do I'm going to defer to his expertise he's. From Harvard he's a bright guy from Harvard Business School to they're probably one of the top top five disaster in the country in Europe via -- it's always in the top five. But I'd like to know how do you think you know you're sitting -- -- May be here on the picket line maybe year protestor may be your customer. Maybe your work in the deli department how do you think that this market basket side is going to result our text number 68680. You know I I. I admire -- tremendous. Respect and admiration for the employees of this company well it's been an amazing amazing show of support if I can't even. I can't ever remember. Seeing this kind of support for one individual I really in my lifetime and I can't remember -- I worry. I genuinely worried that these employees could be left out in the cold you might be. The manager of the store in your make and bench market basket managers make it 300 greedy right you're managing a store for market basket your successfully make it three maybe 400000 dollars a year with all your bonuses. And you go on strike. I have Tony Shaw's is not gonna pay for a year -- if you go to work for -- they're not gonna pay for -- -- here so I just. B I I wanna know how folks think this is gonna play we're gonna get some input from John Davis. 68680. Is a text number how's this whole market -- aside and play I'll let us know which. Barry Armstrong and comparative. Right here on the financial exchange radio network. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Why should you do a state plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so fun. Do you wanna see your money go to them when you pass away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange Todd -- be a partner with the law firm of Cushing handle it tells us the horror stories of not planning. Spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their home to their child. Just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do a state planning. Get your copy now by calling 8668485699. Cushing and Dolan can help you protect your assets 866848569986. 8485699. Hi I'm Joan -- and appear worried about your parent Carol Loveland living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living and alzheimer's care nursing homes. -- important financial information. They had obviously researched every place not just given me names. They found me a place for which she could afford and it was magnificent. -- now. Very confident that she's safe and they just helped every step of who can't thank them. So if you're struggling to. Find reliable senior living information call place for mom this is a free service and you can trust them to help you. If you -- struggling to find reliable senior living information for your mom or dad didn't call or go online to get the free help you need during this turbulent time call now 804677530. 804677530. -- best in business isn't right here. Barry Armstrong and can carry him on the financial exchange radioed Edwards. What Jim how is the sentiment on the text line people still. Feverishly. Supporting the workers at market basket no. I have sneaking suspicion. That customers are getting fed up with this because you and David was when he says this and you're actually right date. And I think people live in this two week span have. Found out that they're spending a lot more money in other grocery stores -- you know they're being inconvenienced and then now they are starting to think you know like go back to work people enough is enough so. I see a lot of people saying that they don't think that this is -- street now that they think that market basket is dead. Many in the market basket in employees are soon going to be loyal and employees. And. And others saying you know what go back to work or find another job someplace else -- there enough so -- Well you know what I'm not an expert on this topic John Davis is he's the faculty chair of families in business program at Harvard Business School he joins us today. Hi John howry. There you can you help us understand what the various options are at this point it's two weeks into the disruption in service that market basket the strike if you will which what are the potential outcomes for market basket two weeks into it. Well you know I agree with the previous -- in the -- the media. This is the panel this -- -- -- dragged out of fear. Customers are getting probably fed up. The supplier or strung out the the reputation of the company his -- Then if you've been. Lionized in some ways because of employee loyalty. Which can help. Bring customers back that there's only so long you can go without serving people before people really start wandering away. I think it's hard to say there -- -- I don't know that much for any of us knows the real financial strength of the company. To be able to weather this kind. Disruptions and so if it's purchased -- from the outside. How long they can really go -- -- market's point of view marketing point of view the this is -- -- property. Screening on the the viability of the company would now for the the options he. You know everybody's watching this one right and were were. It is they're one of two things are going on either the partner at. It was side is. Waiting for a better offer from or where he. Analysts is present for they're really looking for outside. Buyer. And my my guess is the one matter that they're looking for an outside buyer. And it's not clear committee communications. So far -- the companies that that one has appeared or that there's just volatile. What would an offer look like because I think I agree with you that the the outside buyer strategy. Is that it is the way to go because they're gonna come in and in just redo everything and on the ones I'm hearing about our cerberus and all those of the to have the money. The cerberus in particular is is taking a similar strategy with their shots franchise. So if they came in and took it over what with the company look like when they're done. It I I don't know. I don't know because I don't know -- if they would keep the current positioning of the company. Or they would. No these locations until -- -- Another kind of store try I don't know. Is there any way it in what was the cost of money RDT clearly would like to buy the company. -- I. Don't know that he can afford it era and I look at its eight day the profit numbers I've heard is that it's approximately 800 million dollars a year on average over the last 1015 years. So when you look at that. You say okay it's a hundred million dollar positive cash flow. And an asset that's worth three and a half billion dollars I don't know that anybody's gonna loaned him one point seven billion to buy this company what do you think. You know I think -- the stretch. I really think you heard by. I'm not privy to his bit. And and I think that last one is you don't know -- Really expecting to get -- -- even with the bit you're not exactly sure. So but I I agree with you I think the -- it would be definitely a stretch but look you know I think that the business model is. It is good relative to. Other group restore companies. Let us go active like why do you think it's a good business model the return on equity easily 3%. You know I think. It's a good business model if you really wanna be in this -- -- And and I think there's one just one of the issues that the family has wrestled over. Is what to do with the real estate on which the first restorers are static. And the the controlling. Management group wants to keep obviously the congress restorers company owned and -- The other side of the family's here at press time spent about ten but of course you know that raised the rent on the on the stores in Applebee's. It'll raise prices and then mobile went into the business model I think that I mean it's a fundamental question about how you want to run this business. Well Libya ASCII BD US have studied. The the purchase of Jordan's Furniture from that by Warren Buffett ranked. I mean if not studied of course that followed. I can't imagine that Warren Buffett would have paid a lot of money for Jordan's Furniture with 3% cash well. You know to work and and that's true -- this comes down to write you know war when these private equity guys come in and you know the better night you talked these are. These kids that you had in school -- right. In a private equity guy comes in he's looking for fourteen to 18% return on his money is an. Yes and I and I don't know how they would get it. -- I know how they yeah I think you do the job right don't like I talked to a PE firm and they said if I were to if they were to buy it. They would return everything back to the way it was for six months and then they would very aggressively. Cut expenses meaning salaries and pensions and benefits right and they would gradually raise prices. And that's how they would get the return -- three -- in the they're the real crux of the issue here John I think is that it's a 3% return on equity and their competing. In -- in a twelve to 14% world. In my reading it wrong. No I I think you you've got the number right. -- -- I wish I was wrong. -- like for the employees say right I I really do wish I was wrong. We know. I think that many families there. Their own Enron. Business. Are -- it. For much more than the return and the return that they're looking. Here are reasonable. National returns you know -- flows. And could appreciation. Of value. But even you know you're if you're -- your intending to hold the business. It even the be appreciated value wanna keep Andy modest level because you're gonna pass that. And state taxes means -- you know you wanna have a pretty low. Transfer Bob Hope Chrysler that you don't get hit with a lot of the state. Right you wanna take as many discounts as you can for loss of control and lots of marketability -- any use. All carries LLC is all else for it. But betray not interested in and it. In not having a big rose in value. That the IRS. Notes your picture which you are interested in growing the value in casting it during the for different reasons. And I think we the you know very typical. Prototypical. Struggle between. Part of the Stanley is that the is that as an investment. And part of the family that -- it as -- John we we -- going into a break but would you mind staying with a -- we've got a couple more questions for you and some of our text audience would love to ask a couple questions that's okay. Yeah of course there -- that John Davis faculty chair harbored joining us on the whole subject to market basket. Text us your questions X 8680. You're listening to the financial exchange with Barry Armstrong and -- care. Yeah this is the financial exchange on the financial exchange radio network. I recently met a couple who had a thirty year fixed rate mortgage at five and a half percent. I suggested that they refinance with leader bank. They were Smart used a ten year mortgage two point 99%. The monthly payment was a little bit higher 300 bucks -- But now they'll be debt free time attorney 65. More importantly they reduce their interest rate in -- more than a 180000. Dollars and interest payments. Why make the banks rich when you can put that money in your pocket. -- leader bank it 7816418600. And -- for the ten year get rich mortgage at 2997816418600. And by the way did I mention that with leader bank there are no closing cost to qualified buyers. Call now 7816418600. Or visit leader bank dot com. Three point 14%. Annual percentage rate rate subject to change without notice all -- subject to credit approval member FDIC equal housing lender and -- lasts for 49250. Bury our chart here with your financial exchange quick tip of the day joining me today from SHP financial is co-founder Derrick Greg -- Derek was recently featured in Forbes in the Wall Street Journal congratulations Derek thanks so much I appreciate it Derek you've been doing this since 2002. And I know you have a lot of experience in the retirement planning process can you give our. Our listeners some advice on the most important steps that they need to take if they are currently in retirement or perhaps within 510 years away from retirement. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Securities offered through securities America incorporated member and -- SIPC in advisory services -- -- securities America advisors incorporated Gary Armstrong Armstrong advisory group in the street America companies are not affiliated. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Buffalo buried on Twitter at Barry G Armstrong its Barry on soon. Compared him on the financial listings radio network. I forgot to put out our first trip is what it is today it. David play trivia here. And today's trivia related to the New England Patriots will begin playing football before you know how many years did Steve Grogan. Play for the New England Patriots 68680 is our text number you can send us your answer there and you have a chance to win a prize. -- we are getting inundated yes the text message we are Twitter questions comments. I mean this is still a huge story in people. And yet people are just fascinated not feels like you know this all happening behind closed doors so we're now it's all just about speculation until we hear something speculation in math. Right speculation a math and I know you've got some questions for John Davis he's from the Harvard Business School he's an expert on this topic. -- -- -- it it would have done it again thanks so much for joining us today we're or happy could be -- -- let me let me ask you we've been talking about options the options of some kind of -- mind. Party he an employee owned business. He you know I think that that's another that's another option here. And it's certainly would. It seems to fit with the the philosophy. Of the -- -- the side of the family. You know highly engaging the employees then they certainly feel whole lot of what the -- psychological ownership of the company. They've demonstrated that the last couple weeks so I think that that is actually. -- good a good option here. -- it might be good option but again it comes down to where they get the money right. Yeah the apparent seizure -- employees the average wage of these in places probably 3040000 bucks a year 50000. Yeah and and that's something that I can't comment on. But I think that the I I agree. I mean all of these come down to. You know -- get the money. You know I think -- -- Don't want to an outside party here and what they've got a very different idea about how to. Management company. Means that there would be. Coming in and installing other management and trying to convince the employees to. You know trust them. With their new business model etc. That may not go so we. -- I mean you -- you would have probably a lot of disaffection. On the employee -- to to really overcome. And to build trust etc. That was -- you know over over next year you replace. The employee group in new. You know installed new management to Federer Federer but that's easier said than done. When you look at you know wind when. Warren Buffett bought Jordan's. He kept what I can't remember which. Elliott a camera one of them. Employed and he still there -- though they'll run out of a threat running the deal that was a critical component. Whoever buys this now -- could be conceivably break so if if you've had a spark group a private equity investors they might say OK Marty you're going to be our guy. But here you're the rules might -- here's here's what we're going to do we're gonna raise prices and reduce expenses. -- in order to make this thing work financially. RDT would stay in that scenario. I don't know I I really don't I think that. Some families are. Very focused on having control of whatever they've gone right. And and I don't know about the the party movement -- side and in their views on that other families. Are willing to take an outside investment. Even a controlling stake in their company. And continue to run it because what their interest dividends to run it for the long term. And it could capital -- allow you to do that you know the Thursday growing -- still small but there is a growing group. Private equity investors. Who bet on good families. And therein it for the long term and and by the way they they don't. But this is not just this is not it and I think this is -- -- I think that if you split the Stanley and the united ownership state. On the party peace sign that the family -- Then it seemed that -- from from an outsider point of view that that would be yes people long term. Quality oriented management. Ownership group. And betting on that side of the family to run this thing for the long term. And private equity that investors are some. Are getting on board and saying betting on good family and they're mismanaged management model. Even if it doesn't produce the typical Pete he return. Of 15%. You know -- -- 50% return. Story but you know they often he did and that he group big men. They command they want now by geared up and it usually means that you're really starting to make noises. And that they pushed through big big destructive changes. In the first two years and that's hard to absorb and any company. But also the in a family does. That typically prefer the first persistent. Ongoing change as opposed you know and innovation as -- the disruptive change there. It's particularly hard and so that the traditional PE model. Doesn't work very well on average. Outfitters is that this growing. He investors that. An important offered by the way is in the group yes he is -- -- we just went good return. Over a long period of time that's better. Right because he'll say is a guy like Warren Buffett will sit with a -- states canoe appreciated 3% Lugar. I'm gonna make 7% and were Buffett wouldn't take three you know today I think you you know as well as I do Warren's gonna -- at least seven to 9%. But you could do that without totally dismantle break up right. Bet that is right and and I look I think war. I think the PU world really warped. Expectations about what realistically terms are in business. I mean if in my view you're getting 6% 7% real return yeah. Our year over year Mike you're hitting the cover off the ball. Yeah you are in and it in remember private equity firms today. The error they're working on behalf of their share folders and hedge funds and and that's how they get it get more money -- -- ago they they kill it right they they direct -- They -- ago. Nature of the business channel let me ask you one more question that would elect to go but the one of our one of our techsters asked this and what would you see the viability of the possibility of Arthur T going in to just buying out shares. From some of the other stockholders so that he can take control of this company again. You know that you know that kicking off a couple of sure folders just to get over 50%. Would obviously be the but you know the best tactic that the -- off. But given that -- to -- that your older group and apparently the unity on the other side. Gosh I would be I would be surprised that -- possible. It thank you very much lately been terrific you literally have and you leave shed some light on a very complicated topic. Are you and John Davis from Harvard and you know I think he. Somewhat confirmed what we speculated the options. Up and he did he did so -- its either gonna either. Arthur -- gonna have to buy it in the company's gonna run a little bit differently than it has in the past. -- he certainly -- your idea about you know the real estate being worth one thing in the company being worth something else. We'll see we'll see it's quite the saga and we could happen this weekend. But it better happen he's the the resolution. There could be don't be surprised if you wake up on Monday morning steals. Very how can you go into the third week with nothing themselves quality beer you know the fact that their hiring. Tells me that this is private equity in the Arctic tees what do you think that's what they're doing are they threatening. That's just -- some an and that at night my opinion can change the topic I reserve I actually I and. I I this is something that is not subject to speculation and talking about. Medicaid. Irrevocable trust Cushing and Dolan has created a guide that will teach you how to protect your assets. From high cost of nursing what here's what happened. If your mom or dad get sick or few gets into turn to a nursing what happens is the state. A Rhode Island state of Massachusetts the state of New Hampshire is going to take all of your assets. Except for a few dollars in order to pay for a year care. What a lot of families will do is one by long term care church but he can't afford long term care church or perhaps can't qualify. For long term care portrait with families are using our article. Medicaid irrevocable trusts. This is the very last day it's July 31 the last day you can get this guy it's produced by cashing and bill. And it's an alternative to long term care insurance in an effort to protect your assets from the high cost of nursing home care. Here's -- suggest you do call this number 8668485699866. 8485699. It doesn't matter with you live in Providence. With the -- in Worcester. Boston or Nashua worked over New Hampshire your assets can be protected. Through the use of Medicaid durable global trust I would suggest you call now because this is the very last -- -- itself. The number to call 8668485699. At 8668485699. -- Hamachi shopping at whole foods these days well I'm shopping there as much as I have ever shopped at whole foods -- -- I go for specialty things. I go on entertaining. And I go for the for the -- you do pretty gory. When we come back we're gonna be joined by Markel brush from marketwatch.com. He's gonna tell you that he should be buying shares of whole foods stock is on the move today Michael brush up next. This is the financial exchange on the financial exchange radio networks thanks. I recently met a couple who had a thirty year fixed rate mortgage at five and a half percent. I suggested that they refinance with leader bank. They were Smart -- used a ten year mortgage two point 99%. The monthly payment was a little bit higher 300 bucks ethnic. But now they'll be debt free time attorney 65 more importantly they reduce their interest rate in state more than. 180000. Dollars and interest payments. Why make the banks rich when you can put that money in your pocket. Cult leader bank it 7816418600. And ask -- for the ten year get rich mortgage at 299. 7816418600. And by the way did I mention that with leader bank there are no closing cost to qualified buyers. Call now 7816418600. Or visit leader bank dot com. Three point 14%. Annual percentage rate rate subject to change without notice all loans subject to credit approval member FDIC equal housing lender and -- lasts for 49250. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Why should you do escape plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so -- Do you wanna see your money go to them when you passed away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange Todd -- be a partner with the law firm of Cushing handle it. Tells us the horror stories of not planning spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their home to their child. Just to have it taken away in an unexpected divorce Todd has put together a brand new guide called top ten reasons to do a state planning. Get your copy now by calling 8668485699. Cushing in Dolan can help you protect your assets 8668485699. 8668485699. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- best in business is right here -- stroke. Can carry it on the financial exchange radio network. The Steve -- sixteen years. A quick look at this thing you do remember -- you don't tell me and it was great. -- activists and of course time is yeah yeah. I mean come on auction on Adam knew from the youth camp and does he get teacher today. By the way we got it. Text for somebody who said they were on a beach right now showing off their beach towel a cleansing -- -- thing I very very much. We really appreciate that a by the way the patriots are believed David backed me up on this first pre season game August 2 yes. This week. It's -- to do that Saturday is battery. And we we have a guest that's coming on the program now he writes for appliance docs dot com that's his newsletter but he's also contributor. In a reporter for marketwatch.com. Wrote about Whole Foods Market. And stock right now down 4%. Michael brush howry. Are good good so do you still like Whole Foods Market after that earnings announcement. I do you know -- in negative news here continues but what's interesting is that start stop moving down. But I don't hit it it was up to date war. And now it's basically you know words -- past couple weeks. And so. This just stuck at 65. It. Last year. You know it's got some issues but I think -- flexible. All right now I've been in a hole if he'd been in one -- Bloody expensive. And so what I have -- off topic yet if he's tied now anyway. Like if it's so darn expensive are people going to shop there like why do you think this is it a good investment. Well. They it's the classic case story and -- capitalism is the company that created. Concept and it was successful. And that -- competitors and at this point. And so you perhaps -- -- broker. French market that these are guys who who of course on and they realize extra or organic produce and but -- then and you know there's it is little bit of price work which is bringing down prices to compete. And you know that's that's that takes a while that. Our expectation. It does affect you tried elsewhere and that's the process that's now but keep them right this is a great company and they're good at developing concepts -- And -- Brooklyn campus tour where well over a store where. They're part of the local for the rest of our group and -- so that birdies and people like it indicate and that's what sells -- -- -- Right so there really good at any. It's like getting to -- I've tie Michael I have a whole foods and you from the whole foods parking lot you can see this stupid super Stop & Shop whereas. And Stop & Shop completely. Remodeled. And changed their holes -- more as a result of that whole foods. And it doesn't keep people have a whole foods parking lot it doesn't it does not I mean it is always packed. So lot I would feel my newly married so it is it is I don't think it's a place. Where you know I've got two kids and I'm -- teenage boy and I can't go to stop to no food and shop -- go broke the bright and it's just not what he needs in that store on a regular basis but. It certainly is specialty store for me that I hit at least once a week. Well you know they have they have the brand -- have -- -- 2 o'clock center. They have restaurant -- to -- and so destinations. Stored at Starbucks is trying to be extra bucks in the sense as. Out an accurate at risk assessment and everything about this story. -- -- That's big dispute is -- but he was talks about and they've only got 300. It starts to -- chart is really all they can probably almost triple that over the next you know ten years let's they got huge growth at a. Michael I think even in the midwest my parents don't know my parents in the midwest bagel shop and a whole foods is known around them. -- all I mean they're from -- It's taxes so out of that restaurant stamp I don't know. The specifics of the. So the stock to 37 call. What do you think it's worth Errol is this a traders and an investment. I don't -- a treaty that it's you know -- our. -- Napier could be trade updated this. I would say you know -- interest just keep -- came down to an end. So immunity to it that much if you take out yesterday up at somebody -- speculating. If you take that out stock really hasn't. That even though the news that he's not assist us revealed that all bad news probably right. An -- that makes sense that is what sixty adult stock -- that your. -- just a matter whether they can continue to grow at a rapid rate or not and if there's a demand for their services. And to what degree they're competitors step up to the plate you know -- as artists that -- are the other gore free stores innovative enough. To compete with whole foods because. It's as much as I like my growth for store whole foods is a unique shopping experience is it's just -- their things to this day. And I can't get it Shaw's that I can get a whole foods I drive to data. Exactly you know they they offer great selection and they have great additions -- Solar -- and you know this is an easy business to be and it looks empty though it there you buy it but it you know if you expect to keep. So that's pressure on the shelves this -- yeah that's a tricky business and they've been doing it years ago that it and I think a big part of the story here. You know the current two extra so it is that. About 33 point 3% you know that's the -- that's a -- growth that's above GDP growth for two market that's not bad and then they have. Almost worse that they can that they Iran which also could be. Very good for Michael thank you very much for your time. Macabre humor I think was agree comparison that you -- in the Starbucks and trying to become a Starbucks and if you think about it when Suisse first started to learn about Starbucks used to think. I'm paying now for a cup of coffee. Did you -- I still don't know right and -- but I mean -- I think a lot of people sort of cease Starbucks in the coffee world saying we look at whole foods is sort of same place in kind of people you go from the Starbucks over shop pulled its jail and you -- all. So I'm and they seem to have found it out pretty darn well -- right they have found that way to charge a little bit more but they found an atmosphere and and the consumer based. That likes that so. I think he's right the whole foods. All right are we up against the -- -- timing I know we are -- -- this is the financial exchange Barry Armstrong and him Kerrigan at your service. When we come back -- got another deputy attorney question now how many Super Bowls have the patriots won 686 cities are tactics numbers how many Super Bowls of the pats won. Why should you do a state plan. Have you ever. Heard a nice story about probate its long expensive and it delays when your family will receive their inheritance. How about that daughter or son in law that you're not so fond. Do you wanna see your money go to them when you passed away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange Todd -- be a partner with the law firm of Cushing handle it. Tells us the horror stories of not planning spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their home to their child just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do a state planning. Get your copy now by calling 8668485699. Cushing in Dolan can help you protect your assets 8668485699. 86684856. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi I'm Joan -- and if you are worried about your parent Carol Loveland living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living. Alzheimer's care nursing homes even important financial information. They had obviously researched every place not just given me names. They found me a place for which she could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of who can't thank them. So -- struck. In the final -- senior living information call plays for mom this is a free service and you contrast some help here. If you are struggling to find reliable senior living information for your mom or dad didn't call -- go. Hi everybody -- are strong here with your leader bank quick tip of the day I'm joined by -- to -- a vice president at leader bank. And business lending specifically small business lending how does leader bank help business owners grow their business thanks -- Eight we have worked with a lot of small businesses in providing financing for their business needs. So I'm example of this will be you know your local neighborhood restaurants. Law firms. Technology company a manufacturing company. Really any sort of small business that is looking to expand. To grow their business and needs financing to help fund that. Meter -- can be involved. Currently we actually have a special going on where will provide. Business lines of credit report business term loans with absolutely no closing costs. So we are actually end. I prefer Small Business Administration lender. And this is a government to approve that we have agreed to provide these loans very quickly and seamlessly. And we're doing them with no closing costs at all until the end of October. That's fantastic. Folks if you don't learn more about doing your small business banking at leader bank here's what I would suggest given a call at 7816463900. Leader bank wants to be your business banking partner he called and it's 7816463900. Of course she can visit them on the web its leader bank dot com. Or call them 7816463900. Where do you do your business banking today a -- taking good care -- if not. Give a call leader bank 7816463900. -- leader bank. Dot com. These you know that exchange traded funds have gathered assets at a more rapid pace than similar investment offerings would RE TFs and why have they gained such traction over the past decade hi this is very -- extra from the financial exchange with different factors should you consider when deciding to purchase and ETF. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Pat Boone here with a word about banks' safety do you think your money in the bank is safe. Don't bank on that a generation ago bank account felt secure and they paid interest. This encourage the virtue of thrift savings but today. Bank accounts paid virtually nothing. And shifted from lower risk to high risk return apple did you know your money deposited in most US banks could be subject to limited withdrawal. And even confiscated by existing executive orders who he -- best. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on it. Still think you're bank deposits are safe. Yet this vital new white paper now. Call toll free 8051960. To 71 that's 8051960. To 71. 800 51960. To 71 -- at Swiss America dot com protecting your credit and identity is more important today than ever before bad credit report can cause your car and homeowners insurance rates to increase. And could stop you from getting a job or promotion the Bureau of Justice Statistics estimates that sixteen point six million people had their identity stolen in 2012. I count myself among those victims my name is very Armstrong and I want you to learn how to protect your identity and prevent credit card fraud -- a free report that provides you with tips on how to avoid identity theft and it also provides you with the -- needed. To request a free credit report from all three major credit bureaus call this number 8668106422. And will milieu of free report. It teaches you how to protect your credit 866810642. To the cost free and so the forms needed to check your credit. Call now 8668106422. -- Well its hold on your checkbooks and -- portfolios break. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Everybody welcome to the second hour of the financial exchange we have a busy program for you during this hour as well talk about nutrition and you. With Jones out peacefully from boston.com and Boston University. And in the second part of the show him we're gonna do is. I came across this story by Gerry debt -- from credit dot com Def and Jerry has some ideas that will help you improve your credit score so let's say. You've got to credit score 640 and you go to the auto dealership to buy a car lease a car and -- seaports to -- you don't have sixty because -- get a lower interest rate. Or let's say go to buy a house -- 6080 credit scores and the banker says it today you know at 720 I could get another 1% off on your mortgage rate at seven point. So let's talk about this is important stuff that's certainly an area of the great job force and you will learn. Little little trick I didn't know these techniques to improving your credit score and I thought -- knew a lot about. Having good credit scores that's coming up at about 1130. Fantastic in the meantime as you mentioned Jones algae Blake is joining she is in nutrition professor you she also writes the blog and off the dot com nutrition. And you and don't it's good to have you with us. Are this weeks blog forget about superffoods try retro eating. Why these retro eating job. Like you got that I got beat superffoods. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And getting completely you know we got about the old. Breakfast food the food of the collapse with tech don't even caught there could have guessed it good nutrition. I broke the current state -- enough but did he exceed. -- -- -- How should they block quite healthy but it can also get good tissue from wheat germ remember that it's. On -- Jerk which -- -- I can't. Between -- Nothing wrong with the cute he got up and be into it there and the -- predict a lot of tight. You know something we can export ballot count our good deal. You can you can still eat healthy don't act puts that much money out -- -- said she just told us. Weak German -- I went out what other rector of foods are you thinking. And I think -- Qaeda and making it by making a comeback at the plate and can. The good news is that they could believe that the bridge. Yeah are wickedly at protecting can help lower high blood pressure and you know for twenty -- a -- mean athletic of the Connecticut twenty cents. You can get up and not let. You can hopefully apply pressure. That's why that you have -- that should. Well because I work with him I don't except I think he hit the terrier. I have I'd enable RB she's got a seventeen year old son who's got high blood pressure. Guys getting key legal work. So -- gonna buy this but by the -- -- and I get that they have taken up at that. You know -- You know we hear the wonderful things -- bad -- -- the typically put the pretend that they all felt that particular protein and to try to chemical. Beckett helped I hope we can -- at risk. And I. And age related activity -- -- big and bad for I think they raised a cluster. Yes and buried come -- it crested. At eight at -- and a couple of struggle -- -- latent effects that can. Even considered me aptly aged daily. Increase supply that stroke the -- that part. And again with talking. We anticipate any couple can increase that approach and -- inequality. Than we -- -- we grew up on -- Michael director of food. Did she get inexpensive splitting up detention. And can't go -- -- -- And an idea. -- -- with 88 and -- I can't have that the baking chips in the sour cream and while that's the parks Catholic yeah. Addictive like -- okay look at it -- -- in Beijing which is real and acrobatic out. -- can expect it to get that would permit that that that -- You know I -- on I think he's made insults if you don't. Absolutely it's only. -- -- occur ever becoming an -- Stopped. Late this year has been upgraded ID US the day as a vegetable serving. The basic out -- get paid a -- But. I should probably stay away from the two -- chips two pound bags of chips yeah that's that that's of the same kind of potato. It. -- -- ask -- about Antonin. Oh yeah I asked you about this Joseph we study today. That says it at a not at a -- you know wedged it I lot. -- is actually very good for you. Yet it's optically. It -- electric piano is gone -- great put a -- Very low in saturated fat I'm classical -- and you. Actually get it now broad. In back like like you get any kind of like that symbolic green beans. And it. Re enact its -- you can have -- that like -- the -- that he -- absolutely very correctly. Very -- period all kinds -- Telling you. Jones LG Blake we thank you for being here and again the name of the blog folks might I highly suggest we get it. You know highlight one of our blogs -- she's got continual blogs. It's nutrition and you boston.com. Years should be sure that you check it out they -- -- -- Who won that trivia question regarding soup of the pats have won three super Bob. Bob from -- in New Hampshire and won three super balls and Bob is going to be to tell him to be out there boasting about his beached oil as well before we. To see that President Obama -- to Newport, Rhode Island. I did he said to Newport at the end of the month is after his vineyard vacation. And he's going down and he's going to read some money you know fund raising do a lot of fundraising -- on the vineyard down in -- that's. He's you know -- In pretty safe territory here to do some fundraising. In this area this part of the country. Yes and he doesn't do a lot of fundraising in Texas and -- us assumed that he does not -- at. But as a he'll be making a stop there and again that after he hits. Sixteen -- I think it is -- vacation. Which will be down vineyard. He -- this fight between Coakley -- -- nasty it is really I thought this is going to be a civil. Battle between these two end and Coakley. Is she she is using her power as attorney general. To go after. Gross -- let's keep in mind now this -- this is. I am trying to I'm trying to make this sound a little more civil and what it is this is pac money that's being used. To go after. Martha Coakley on the gun issue on the well it's going after a whole bunch issues. I think they've they've now released was or another spot that was released I think you know so the predominantly Chinese saying that Coke please not hard hard enough on one. -- can draw on country right in on criminals who use guns. The first to spot that was released was a series of mothers holding pictures of their kids had been killed by guns here in the state. And so. Then then there was on suggestions of the this is the part that gets really -- get suggestions of collusion. They had suggestions of intimidation. Hypocrisy. All of us so it's just. It's all getting very very nasty -- she's going after him because she's saying that you know he's using this super pac money. To go after her and that he would not sign anything to say they would knees -- money outside money coming and that. Here's the bigger story -- in my opinion now the bigger stories she is going after. The leaders of Barry White ahead of this pack for and he started this pro Grossman packed with his wife Eleanor. Now he got a letter from Martha Coakley right personal now it's it's from Martha Coakley attorney general and candidate for governor. And he -- she's asking. Who are the donors to this -- and do these donors do business with the state meaning. The Grossman direct business -- towards these stories -- got to get see Steve come -- and address this issue toward these people who would be giving money to this pack that would help him. Coakley made veiled threats against mr. white demand. That his group disclose information not legally required. And instant insinuated. That she would take action if -- it did not. If it did not. By including an arbitrary deadline for his response attorney Donald -- said in the statement provided by the act. Which said he was. Next to review the letter by a white as a friend not as a lawyer I've been to. Your time on this is where the intimidation Perkins right right at the -- accusations of collusion she's essentially. And that's what -- GG expand its pay for play. But you know -- But there are a lot of political analysts say. This kind of nasty going on we'll have no influence on this is political theater and in the end -- have no influence on the outcome. -- she's still very strong and is still quite it quite a bit ahead of him in the polls via. -- is this is. This is getting really. Stands out about going after somebody criminal using your authority is the attorney general to do so -- says. That's pretty severe. They when we come back or talk about -- Springfield property owner. Who was ordered to pay 25000. Dollars because he didn't protect. Some of his tenants from sexual harassment if it's a wild case. Again a situation where I think the attorney general has overstepped her boundaries will talk about that another turn. Barry Armstrong and comparative. Right here I had to exchange radio network. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Why should you do a state plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so fond. Do you wanna see your money go to them when you pass away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange Todd -- be a partner with the law firm of Cushing handle it tells us the horror stories of not planning. Spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their home to their child just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do estate planning. Get your copy now by calling 8668485699. Cushing and Dolan can help you protect your assets 8668485699. 84856. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi I'm Joan -- and appear worried about your parent Carol Loveland living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living. Alzheimer's care and nursing homes even important financial information. They had obviously -- searched every place not just given meanings. They found me a place for which you could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of who can't -- them. So if you're struggling to. Find reliable senior living information call place for mom this is a free service and you can trust them to help you. If you're struggling to find reliable senior living information for your mom or dad didn't call or go online to get the free help you need during this turbulent time. Call now 804677530. 804677530. Text your questions or comments or 68680. Its Barry Armstrong. And there are here on the financial exchange radio network. -- save you a pretty strong likelihood that Martha. We're going to be earning them. I don't know. -- You know be she's got a pretty good lead over her right so. At this point you say she gets the nod over Grossman. In and most of the polling we look at as it relates to her against Charlie she's beaten him now and militarily in and Charlie I was feel like you know. Don't read anything is some well you know I mean. If we're looking entrance I guess we could say you know this is a democratic state rate. I think it's early and I think people are paying that much attention I think you can really gets important after labor let's talk about the story the -- every market believes this story. Bothers me. It it bothers me for a variety of reasons are scratching my head as I was reading because -- in -- first -- where this came for him as a Springfield landlord in a property management company have agreed to pay 25000. Dollars to -- Resolve allegations. That the failed to adequately investigate and appropriately. Respond to her respite of attendant. Due to his sexual orientation. Martha Coakley proudly said this yesterday. Now I'm not familiar with landlords. -- the laws that -- that are dictating you know the parameters in which landlords function. But it just seems surprising to me that a landlord would be responsible for the well being of the tenant in such a way. Right its attendant was right yes and attendant is being her wrath by the neighbors by the neighbors now what what what is a landlord to do about that. That that's an issue for the police -- any if your being if if you're being her -- you're. It let's just tell everybody would happen according to the assurance of discontinue its -- -- expert court attendants started being harassed by neighbors and their guests. Shortly after moving into the Worthington commons apartment in Springfield Massachusetts. The harassment included homophobic slurs vandalism of his door in mailbox. And threats of physical harm -- how is that a landlord issue right that's a cop issue. You get your subjected to that sometimes. -- call -- hate crime what you call the cops right. The settlement was entered into with Worthington commons limited partnership the owner of Worthington commons. The defendants have denied any wrongdoing and cooperated with the -- of course -- -- -- right they didn't do anything or how -- accused. Of discriminating. Against a gay person when you rented the apartment to a keepers of the beat goes on to say the AG's. Office alleges that the Tenet reported these incidents to the on site property manager and staff. As well as the executive office and that despite the severity of the harassment. The Worthington commons and first resource failed to take appropriate action to respond. Such as transferring the tended to another one of their apartments in a different neighborhood. Now why that my question would be why why would still cost issue. Well and and why would indeed be tents for -- -- its responsibility. To trains for you and -- years. Said I wanna move somewhere else do you have another apartment. The the other tenants in that department were committing crimes they are committing voter called hate it it's against the law you pick up the phone I mean if that happen if if if that happened to me right. And I -- I wouldn't call -- -- cops. It's day and I'm being harassed you know let the cops responded that. If that's not a situation with the cops or is it not take the call. Under Massachusetts law it's illegal to discriminate because of sexual orientation. In the terms and conditions of the rental housing. Well it didn't sound like to me there was. Discrimination they -- to this clinic that. This is the part in this is I hope folks are -- notes to line. You're not thinking about the November elections but this this woman. Who is. Quite possibly -- to be our next -- rate this is this is what she's out. This this is the issue. Publishing this this is a press release from the Massachusetts attorney general's office she is proud of this action and I would suggest to all of us. This is nothing to be -- I think she's calling what she's doing here is she saying. As a landlord you should have had at this harassment. Clause in your rental agreements. I mean I'm a landmark right in if this were to happen in one of my properties. I would call the cops right -- -- today. You know you don't want prop up all call the cops I take pictures of the damage that was there's been re right I would say there's vandalism on my property and I held. This is not something definitely import gets involved. -- I'm shocked but -- Expressed. Lawmakers agree on a deal to tighten Massachusetts gun laws you saw this story. It's just. Well you know what they're gonna do here in -- -- it's gone through committees and it looks like. They think that probably has support both houses. So police departments could. Go to court to keep rifles and shotguns on the hands of people that they deem dangerous under this compromise. That's that's essentially what the tightening of it is. -- -- and I guess what's the most him. Important issue here is will this ever -- the floor because we're just about to recess right we're going on vacation. Is state today and I think this is it is their last day yes. So that's one of the now is another issue -- it's coming out. Is the issue of other sales. -- -- -- would tell -- and what is the confirmed -- and the sales tax holiday they reached an agreement it's August 16 and seventeenth. You know it's it's every day in New Hampshire I know. You ever done that Ghana and introduced him a few bucks I doodle while we really do because we live on your applause via your -- in. They've been all kinds. Lawsuits about that I went I got my tires changed out there about new tires at least a lot of money -- -- -- out there and buy things like your car tires here. Appliances music that through -- you're saving money and and yeah. Yet we hit two days at 365. The year in Massachusetts we get to one of the things I do have to say I've always commanded two words for this. But you know they recognize those days are so crazy so they usually opened up for about three or four days prior. So they just don't want to deal with the craziness you know that occurs in that we. And that you can order that you're glacier in the and they put it through most of you know sales tax in Rhode -- 7%. Senate but if it's just. But that's a lot of -- so folks appear in Rhode Island might we suggest that you come to Massachusetts on the sixteenth and seventeenth of August at a. I would be nice to. My suggestion and Boeing. Has announced that they are gonna build its largest 780 sevens in South Carolina will surprise super OK so. How a -- wasn't that this'll start you know I only -- were leaving Seattle. We're live in Seattle we're leaving Seattle they're looking for a place to build this great big 787 dreamliner. Well they finally announced that in fact they are leaving Seattle at least for this one mile South Carolina it's in nonunion plants. Now they're saying it has nothing to do with that -- -- that played just ten feet longer it's because at that plant is ten feet longer because this -- who in her life. This new jet will be that much longer now I don't believe that. And I don't think probably most of our listeners believe it either that this is just the beginning very. If they're gonna do the 787. In South Carolina slowly -- on that just colosseum because -- he get paid unions appear ten. Agree they they -- it -- -- there are -- your third trivia question of the day how many seats are in Gillette Stadium you know the answer to that question text us 68680. Is our text number. How many seats are in Gillette Stadium. You're listening to the financial exchange with very Armstrong and skin care. It's very strong to -- Right here on the planet exchange radio network I recently met a couple who had a thirty year fixed rate mortgage at five and a half percent. I suggested that they refinance with leader bank. They were Smart they used a ten year mortgage two point 99%. The monthly payment was a little bit higher 300 bucks I think. But now they'll be debt free time attorney 65. More importantly they reduce their interest rate in state more than a 180000. Dollars and interest payments. Why make the banks rich when you can put that money in your pocket. Call leader bank it 7816418600. And -- for the ten year get rich mortgage at 2997816418600. And by the way -- I -- that was leader bank there are no closing costs to qualified buyers call now 7816418600. Or visit leader bank dot com. Three point 14%. Annual percentage rate rate subject to change without notice all -- subject to credit approval member FDIC equal housing lender and -- lasts for 49250. Very are charged here with your financial exchange quick tip of the day joining me today from SH -- financial is co-founder Derrick Greg -- -- was recently featured in Forbes and the Wall Street Journal congratulations Derek thanks so much appreciate it Derek you've been doing this since 2002. And I know you have a lot of experience in the retirement planning process can you give. Our listeners some advice on the most important steps that they need to take if they are currently in retirement or perhaps within 510 years away from retirement. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Securities offered through securities America incorporated member and -- SIPC in advisory services -- -- securities America advisors incorporated Gary Armstrong Armstrong advisory group in the street America companies are not affiliated. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Called him on Twitter I can't give me. Residents of Barry Armstrong and comparing him on the financial exchange radio man. In the good credit score is critically important to your ability to get a job. To buy auto insurance your homeowners insurance to. Apply for a mortgage trinity so much hinges shore -- your credit where it's really a reflection of your personal. Responsibility. -- credibility -- reputation. We're joined now by Jerry debt while from credit dot com. And Jerry is gonna talk to us about. For tricks to boost a credit scoring at age or Jerry thanks for joining -- I didn't know about any districts -- let's start off with number one which use. Keep our old credit cards open and not only do we keep the -- we increase the credit line I don't understand. Then escort particular -- that how close you are here credit limits on all of your revolving accounts he credit cards. And each and individually to what happens is when people quote -- account you know where they. Surely be available credit and the elephant they have looked closer -- wanna point out that even if you pay your bill install. If you're looking at credit report -- balances because the report but they aren't as of this statement states. So increasing -- limit keeping multiple account open. If you -- wiggle room so you want charred meat that they purchased or take a trip to Europe -- have your activity your credit baby. So let's say I have a 5000 dollar line and I increase it to -- -- what should I do asked her to be increased to 101000. Why do you wanna look at what you're utilization -- -- the -- -- right now cycle says that I deal leaders had -- so bad credit score is about 7% of your available credit you don't have to keep it out -- but -- it's. Creeping about the 20/20 5% mark and it probably affecting your credit score. And so you may want to higher credit limit or pay after pill after that that you keep -- -- its -- Michael. Now there's a number one the second one is borrow money. Even if you don't need to borrow money and help us understand that is that for somebody who's coming out of college and has no established credit at all. Well it could be coming is coming out of college or could -- Someone is well established a few years ago my other -- we got to know mr. McConnell insurance company didn't get the best straight because of this credit score. Now to paint things like -- because he doesn't have that much credit is carbon -- for the mortgage -- paid for. Only -- the credit -- so here's the credit was looking at. -- different accounts and so if all you have is a credit card or he didn't wound you're not as -- for the actors don't. I don't think he's going to get the bill credit but if you can get and -- percent or one point 99% cart around it off as few months. That reference could actually improve this particular credit score factor. Explain how old becoming an authorized user. Improves our credit score. This is where it piggyback on someone else's good credit so they get the parent passed out. And we posted it and you keep your account is an octave range shooter. Which means you're not legally responsible -- -- you don't ever have to use the card but typically then you'll get. -- entire account history and your credit report -- a lot of positives and the skeletons are well that can really boost your credit score would be very quickly. Okay so there's three straight -- -- increase your credit line -- cards. -- borrow some money even if you don't need it and becoming an authorized user that would be good for an adult child perhaps. Horror as somebody you just wanna do a favor to what about negotiating with your creditors. What are you referring to there. It is very tricky because collection account that they urban institute just reported that 35%. Of Americans haven't counted collections -- number of credit report very curious. Now paying a collection does not help your credit score and forcing -- -- or does help your vantage score. What you -- it or -- it that it they had to do negotiating and settling a collection account is not that your credit score but -- -- But that you won't have that get sold to another collection agency an end up with -- another collection the time your credit report you're stopping at abdominal. All good ideas -- -- if you employed these strategies let's just say the first three because the fourth one is really damage control. But what kind of a quick score improvement could we expect we did all three. A boost in the first three credit improvement ideas. Are we going from succeeded in the 700 like what could weeks. Well I'm at different ages competitor credit score at fifty point for the credit limit on that was it should get one retail card it was and I don't compared to limit. -- -- Fifteen point -- credit score we do give consumer the -- credit where credit back -- we'll tell them what effect and scored children how to prevent. So that's one way to check and see what's going on. Wow that's amazing that is me. Fifty points because that's the difference that that's a difference between being able to get a mortgage and not being of the mortgage. Exactly targeting that really low rate mortgage company -- thousand of dollars more and that -- Wouldn't be -- with things are the most common in terms of causing credit problems for consumers like -- mentioned 35 or that are. In trouble -- in collection. How did that happen and it seems like an awful lot. I still warned it would collection accounts is -- what you think it's not only people who don't pay their bills and also medical bills that the big 139%. Of all collection account for medical and -- You're dealing with the insurance company the medical billing -- you don't even realize it with a bill that went unpaid and next thing you know you learn from a collection account. The best I want customers to be especially vigilant you've gone to the ER and surgery at medical procedures. You really have to watch -- -- make sure they get paid it promptly. Very good well thank you very much for your time Jerry in and make sure that this gets posted on our website which is Barry and Kim -- thanks very. And that's just stuff is -- -- that's important. Can -- -- and went up fifty points fifty point and they just want one of the three tricks and got it folks that's enough for everybody who's listening to just go out and apply one of these two years situation speaking of credit how would you like to get a better deal in your home equity line of credit leader bank. Is offering a home equity line of credit. And an interest tradable only one point 99%. APR and it's fixed for the first twelve months in the and the rate will go to primary. For the life of the line. The light of the equity line there are no closing costs and they're no application fees with the leader bank home equity line of credit all you have to do is -- -- free. 8776917900. It matters not with you live in Vermont Maine New Hampshire Rhode Island Massachusetts or Connecticut. You can apply for the leader banked home equity line of credit. The phone number toll free 8776917900. -- McCall tell your listener of the financial exchange and you want a better deal. On your home equity line of credit. How does one point 99% sound you sound pretty good to me. 8776917900. Him as long as we've been working together. We've been talking about these driver less cars and we've speculated now five years from now ten years from now. He will be driver of the scars on the road sounds like. I was wrong to -- next year it's hot in the UK and. They are pushing its -- right Google behind him -- Google I'm telling you there and on the world where it's all said and done. And so they're talking about the driver less cars being on the road at least being tested on the roads. Sometime next year well it makes a lot of sense of UV have been London I have been the traffic hearted. And affecting -- it's like New York City right they wanna test these things in places like that to mean -- don't wanna take -- to Kansas right -- you know are you just about an auto pilot there anyway. So you have to take it to cities like that to see if in fact they can function. I wanna see how it works it's a great place to test it and I would be an early user management technology II just think that's terrific and I can't wait for to happen. Another study. As it relates to small cars this night good news for those of us cigarette smoke or have -- start a small car most of didn't hold up in crash tests in fact it was. The little Ford or Mini Cooper. You know we're talking about here because chairman and it was the only one of twelve cars to earn a top rating when he came different in crashes. So if you've got to leave for a Jew -- -- Fiat the Mazda wagon. All of these they all. Had big big problems in this front in crashes the problem is they see the auto companies are under mandates. To make the cars more fuel efficient. Everybody wants fuel efficiency this year four bucks a gallon I want to efficiency what you if it's. Prime is when you get the fuel efficiency and very light vehicle and who does not. Performed terribly well in front end collisions are radically different from the collision bright and -- talked about 3540 miles an hour gathered at time of highway driving. There. Are you listening to financial exchange when we come back and talk about our ex President George Bush he wrote a book can play all about it when we return. This is the financial exchange. On the financial exchange radio network. I recently met a couple who had a thirty year fixed rate mortgage at five and a half percent. I suggested that they refinance with leader bank. They were Smart -- used a ten year mortgage two point 99%. The monthly payment was a little bit higher 300 bucks thank. But now they'll be debt free time to turn age 65. More importantly they reduced their interest rate in state more than a 180000. Dollars and interest payments. Why make the banks rich when you can put that money in your pocket. Cult leader bank it 7816418600. And -- for the ten year get rich mortgage at 2997816418600. And by the way did I mention that -- leader bank there are no closing cost to qualified buyers call now 7816418600. Or visit leader bank dot com. Three point 14% annual percentage rate rate subject to change without notice all alone subject to credit approval member FTSE equal housing lender and -- lasts for 49250. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Why should you do a state plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so fond. Do you wanna see your money go to them when you passed away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange Todd lets be a partner with the law firm of Cushing handle it. Tells us the horror stories of not planning spouses impoverished by a long term nursing home state. Unnecessary state taxes paid and folks who have given their home to their child just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do a state planning. Get your copy now by calling 8668485699. Cushing in Dolan can help you protect your assets 8668485699. 8668485699. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Yeah. Well best in business is right here this is the financial exchange on the financial strains radio network. Q did you ever have an opportunity to interview George H. W. Bush. I did not Barbara you've interviewed Barbara I did at the White House I was -- that Pakistan unfortunately need to do that. I did that. As they were running against the clintons old rule. I went to the way would -- ever choose that affects your interviewed her twice and interviewed her at the White House. And he's around and it went -- pulled Mayweather. As of that in and pressed mr. yeah that's right does it end and she came to I was working in Iowa at the time Iowa Caucuses. All hands. He came to Iowa and and interviews either. One while I was addicted. George H. W. Bush I really wish he'd won that second term in office now his son. George W. Bush from writing a book pretty the senate seat text by the way I -- George Bush wrote a book is that a pop up look at. That it's a well they went on to say just -- record. Yeah I regret about his father. And you know his father's nine years old and the future of that -- in I know they've all been just I did interview one time or I reviewed. George. W.'s sister. And she grip on Saturday as well I was there and many years ago. And you know I think evolved to increase again as as we are of course that town. I think he's just been very special person in all their lives wasn't about November from November beat out just in time for you to give it as a gift for the holidays. It. Woody I -- you saw the story about Nigerian pharmaceuticals they trounced the forecast that's ahead on the stock prices down to is that and a and understand. I don't know exactly the made the stock shot up after company's executives. Quarterly net loss came in smaller than expected. But then and today it's down 7%. So. Never nobody that's Cambridge company those of you who don't know rate EGR oh here's her your fourth trivia question of the day. Who was the first owner of the New England Patriots 68680 is -- text number. Who was the first owner of the New England Patriots 68680s. Text and what was that what was the question before. I how many seats are in Gillette Stadium on how many. 68756. Steve from Hanover knew that Indy adventure games on his game is he is I would I would never I mean I would -- -- to get the ball -- but I would know how many times for him we're we're not a political shell and so we didn't get into this hole for patient trial you know that was -- and on the -- in my house and I know how he inject a few minutes and management. Marty -- really. And this is a pretty big missed. On his part is based on comments. I think this was pretty shocking to and everybody when they heard it in Alpine town. In the globe it was written today wants a legislator always a legislator which. That was kind of an interesting take on why he would said that -- Is he was asked on public radio you know and I'm -- and Margery show. He was asked. How we felt about it and he said that he did not think it O'Brien was treated fairly that he's not a criminal that he didn't do anything they do anything wrong. I mean letting that he got carried away. But make you wonder what's going on in the mayor's office well. -- and I -- what I think what it really says to use that when your legislator. I was -- segregate the business yeah it goes what do you mean that was illegal and we we did this every day. So what it says to me is that mean that somebody's coming after him for similar action well I don't know about that I would say this it's not just happening in probation. Rent is high but by those comments that would lead me to believe that certainly. When you think about this movie day yet. It's I can't wait via the it's all about the Bulger liked math black man it's. And it's going to be coming you know what to do -- an island. I would say did did you heard that I would tonight's planet before next summer Rangel really it's not long and it. Right you wrapped up the shooting last Friday quality they're all done and finished at their out of here now yet Johnny kept on Johnny Depp has gone. But not your vision of this up toward my house this big scene Revere beach which was supposed to be Miami -- And they shuttle lot of around my house and I I saw Johnny -- distance he did yeah. It doesn't and I guess he's really in character. Into the mall from where I was I couldn't really tell but just by virtue of all the pictures it's amazing how much look like. Number fifteenth 2000. -- -- -- the lead over a year in crisis takes a long time they just finished shooting and yet but he. I can and you know what they I think typically what they do is they finish shooting with characters and then they'll have a lot of shooting and it's just. You know generic kind of video from the dip each -- and caught just they'd been here for weeks and Alzheimer I think a certain way to -- early very long time. -- good for the city so it's great at straight it's just going to be. You know by all accounts it's going to be a mesmerizing movie for those of us especially in the story it's going to be. Wind coming in -- as the worst part of an opportunity -- -- worst actor he hasn't had a hit. Since -- -- a blow -- -- really -- -- will be. Fascinating character actor. I don't think -- these guys at the Boston accents. And at this yeah injury would be hard -- good you -- -- raid on -- The country does noted that she does it matter that she's the better Boston character actor and race from -- that she's she's really well -- -- -- who wrote the book. What was his name forgotten who wrote about -- and allowed to clear was part of it wasn't the period there was another guy who wrote the book with him right. Declares that is being a reporter from the globe that he did it with O Jerry O Neil that's right. He it would -- O'Neill and those guys were on the set a lot and watched it and they said he was gut. They said that you know there were moments that were unbelievable. They felt like lady had come back from that business -- Yeah yeah for the prison for all intents and purposes or have him locked up at Kentucky says it's far things -- going after -- still in jail. She is she's gonna do what five years he or she gets out and that's about right. And and I mean I would be I don't know what her situation she's gonna travel the world and get all the cash. Passionate OPEC -- all due to a person's probably knows -- answer besides him. And he's not -- in Philly probably heard Powell is Catherine. All user geez she's in his sixties she's like younger and he did twenty years ago Nancy she needs cash she's got time to spend. -- we will see -- Story out that Italy's borrowing. Less money for college -- 2013 fourteen academic year just ended the typical and we paid 22%. A total college costs by borrowing down from 27%. In each of the two proceeding school years. I wonder if that's accurate. I think what may be happening in his student loan costs have increased because it's not be subsidized in theory. And I suspect the beauty when you look at the cost of borrowing money for student loans special regrets talking. 79%. Interest rates to borrow money at -- at school journal. But a lot of kids are doing they're doing and wields -- that borrow the money from their -- It is there on that money sit in CD make it happen right in and so you pay Europe 3% still better than what you're pain. It's changing. To some degree in that people are saying you know. I don't have to have my kid goes to. You know that -- to private school like Atkinson and 22 year community for. Folks ought to thank you all for tuning in the company to exchange today Billy Sullivan. The first owner of the New England Patriots -- not for one prized -- did. Don't forget if you have any questions about her programmer. Missed listened to of this segment go to Barry and can't. -- Why should you do a state plan. Have you ever heard a nice story about probate its long expensive and it delays when your family will receive there inheritance. How about that daughter or son in law that you're not so fond. Do you wanna see your money go to them when you passed away -- folks this is very Armstrong from the financial exchange. Each Saturday on the legal exchange Todd -- be a partner with the law firm of Cushing handle it tells us the horror stories of not planning. Spouses impoverished by a long term nursing home stay. Unnecessary state taxes paid and folks who have given their home to their child just to have it taken away in an unexpected divorce. Todd has put together a brand new guide called top ten reasons to do estate planning. Get your copy now by calling 8668485699. Cushing and Dolan can help you protect your assets 8668485699. 86684856. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi I'm Joan -- and appear worried about your parent Carol -- living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living. Alzheimer's care nursing homes even important financial information. They had obviously researched every place not just given me names. They found me a place for which she could afford and it was magnificent. -- now. Very confident that she's safe and they just helped every step of who can't thank them and so if you're struggling to find reliable senior living information call plays for mom this is a free service and you can trust them to help you. If you are struggling to find reliable senior living information for your mom or dad didn't call -- go --