WRKO>Audio & Video on Demand>>11-7-14 Full Show

11-7-14 Full Show

Nov 7, 2014|

11-7-14 Full Show by Barry and Kim

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

Higher body it's very Armstrong from the financial exchange and I'm here to congratulate. Mr. so she'll truly from leader bank so she'll. You guys are you know are a mid size or small community bank that you were ranked number five. In all of the banks in the commonwealth for small business lending congratulations to you and. Thank you very much thank you Betty. A lot of credit goes to you I came on your show two months ago. We dug about these special program leader bank had products mom business Christmas. And because of the idea model business we got the people took advantage of that smog program. We the number at the fifth lies just as the attendance US be very proud of very Parnell for my team around my whole team we are creating jobs you know even lending them money you're creating jobs and your help and motivate the economy. And we absolutely ask him if we have making contribution to the local account you've done right so we have introduced in new product now. But this year VT is 50000 dollars. But if it doesn't have border and helpless and if boy he had loaned. Have we get indeed I've been deemed ten working days would close a long. And that he impaired documentation to acquire. So anybody looking tied at the SBA loan please contact us on databank will be developments tonight databank dot com would give us a cot. There are a leader in small business lending 50000 dollars four year term four and A half percent interest rate their phone numbers toll free 877. 6917900. Or visit leader bank dot com and call their terrific bank and they wanna be your business lending partner. 8776917900. Liter bank dot com did you know that there are ten easy ways to get more money out of Social Security one method to get more is to collect twice hello everybody very Armstrong from the financial exchange dual earning couples can collect first as a spouse and then again later based on their own working record for example a woman could collect or spousal benefits at age 66 and then she could claim again at age seventy based on her own working record high earning couples benefit the most from the strategy according to the center for retirement research at Boston College we have a free report that will teach you. Ten methods of getting more out of Social Security 8668106422. That phone number is 866810642. To get all that you're entitled to from Social Security called now 8668106422. Securities offered through securities America ink member of an SIPC in advisory services operative securities America advisors and carry am's John represented Armstrong advisory group in the securities America companies are unaffiliated I'm going to grow. Can they. The basketball we're. 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 comfort details. There's your basement or crawl space have a damp musty smell. Well watch out that's a sign of too much moisture and not enough ventilation and that can mean increased mold growth and a buildup of harmful toxins and gases don't bother with the 1888964. Wade that's 1888964. WA VE. Today a senior citizen has a one in four chance of spending time in a nursing home will you be one of them what would you do with your spouse didn't have enough money to live on because you're in a nursing home in depleting your assets by more than 101000 dollars each month think about it how long would your money last if you had to write checks like that each month how would you feel if there was something that you could have done to protect your spouse but you feel to act don't put off protecting your loved ones any longer. Call our office right now to request are bringing new guide that will teach you how to creating a state plan that will not only protect your assets from a nursing home. But also help your family avoid probate keep your money in your bloodline. And potentially eliminate estate taxes. 8668485699. The law firm of Cushing in Dolan has been a valuable resource to thousands of families for the past thirty years it's time you found out how they can help you. 8668485699. 8668485699. I. Do. Well let's hold onto your checkbooks and did your portfolios break. It's time for the financial exchange with Barry Armstrong and Kim Keller again from Wall Street to your street bearing human judge you got murdered in the financial exchange with Barry Armstrong and gene Kerrigan. Hello New England welcome to the financial exchange this is my favorite Friday of the month low Friday and again. I always loved the first Friday of the month right get so much important economic data. I mean he. I think if you talk to any economist David tightly that the jobs report. If it's if if that's that's where it's it's the pinnacle that's what we wait for those guys that follow the economy that you know no matter what we're doing on the first Friday of the month at 8:30 eastern time the morning. Boy we're we're paying attention to job port so we're gonna break that down for you but before we do that. I just want to invite Lee you know we at as a business shook him. We've made it a point. Not to take a lot of phone calls right during the course that's right. And you know it it's did it did the technical nature of what we're talking about. In we have so much information trying to push out there sure that we often times they're at 90% of the time we don't have an opportunity. To take calls from our audience and participate with that in an engaged them in a conversation. As relates to some of the economic dated some of the information that we came across. And what inspired change in our format for today anyway. Was the comment you made. Lastly you tweeted out you know are you do it is just that. We unity treated out the bit that Albania to question would dress you know the we keep here in the economy's getting better and our you do right to tell everybody generally with. With the responds yeah and in you know the response from most people was not really that great you know. You know I I was in my aid and laid it out on the criteria of oil prices are down you know hand markets are doing well. And it seems now we see unemployment is pretty darn good. How are you doing it your house and you know a lot of people said I haven't had a reason. To cheer us. My husband's been out of work for nine months of my health insurance is more expensive than it was six years ago and haven't seen any increases in view college tuitions are going up and things have just now we know our electric bills are all going up BO. I'm so while I think people are appreciative of the fact that down there have been some positive things happening in the economy it's not necessarily trickled all the way down to main street. Nature hasn't and that inspires our question of the day is. We basically. How how much money do you need just to get boss you know assuming your in the middle class and I. And not talking about those of you were perhaps doctors and lawyers in your bake in 300000 dollars you're you're doing just fine. Right beat you livid knowing that you live in Worcester New Haven Hartford Springfield Providence, Rhode Island Nashua Manchester Boston Greater Boston. Lol South Shore Cape Cod your your somewhere in new England and my question is how much do you need to get. They like how much income. Right you need to get by because we have this MIT study will share the results of this study. With our audience but I really would like to hear from you can text us if you want it 68680. Or you can call us and you're gonna start eking queue up now audit to call into the program. Our phone number is hole for its 88. 205. 2263. Guys say that number slowly because we don't take calls during the program but I want you to feel welcome and wanna know. How're you Dylan and how much do you need how much income as the middle class worker. Need to get buy in of course you know I think we're gonna get a variety of answers I think we are too. I think we are 2:1. And I am anxious to hear what people are sang because Worcester. Right Worcester is different. It could be more different than box that's right knee it's a stark difference. So you know give us a call if you if you don't mind 8882052263. Is our phone number we will take calls on this topic and of course will be joined by Larry Kudlow. Later in the first hour. Our let's get dead the jobs report. A I 2141000. Jobs created. It puts our unemployment at five point 8% that's a low it's it's been since July of 2008 out of it that that's on the surface. Now you look a little bit deeper how are we doing. Well eat you look at the use six right right. That also had an improvement in had a good improve break in that came in. And eleven point 5%. That's the best it's been since September of 2008. And then they do something called revisions can now pay the revisions for the prior two months. So going back to the prior two months be revised those numbers up. By 31000. So everything I've given you so far has been positive absolutely use six declined to eleven point 5% unemployment rate declined five point 8%. 2141000. Jobs. Created. Here's here's something bill that I think you should consider. Very little in the way of wage growth rate the stock market response has been negative to enhance. Which is really strange buried because the anticipation of the edge of the jobs report. On the markets in pre market trading were up big. And what's really interesting. Is that on European markets have responded positively to the jobs numbers but we have not we have not yet. Well here's another number here's probably the most important data point and you are gonna be the smartest guy at the cocktail party tonight if you notice number apparent you can brag about this when you're gone out for drinks tonight because that's what everybody does on Friday night. Assuming they're not brag or goes offered her stuff for drinks a night. They go out for drinks the labor participation. Rate it ticked up in it went from 5959. Point two and you look at that it's okay with trend this concert right. That labor participation rate should never. And I say never I mean never. Be less than 60% 59 point two and the labor participation rate back in 2000 any camp was 63 point five so you can caught. You'd be like they'll be that that the media. Beat the less sophisticated and Nadia would just say the Boston Globe are set what it is five point 8% greatness since July 2008. Let me ask Whitley and somebody tells you. That the economy's getting better right now and that things are going great. Say to them. What's the labor participation rate you have to know audience at the labor participation rate today's 59 point two and and then if you want the if you want to beat the the the MBAs and and and all the Smart guys from Harvard you need to know that the labor participation rate in 2008. Was 63 point five. Right so that's that's that's where we are that's the reality. Right those are the though those of the numbers that the stock market is looking right. And that's that's why you gotta be universe. Well I would argue this though just for sector. I almost feel like we're comparing apples to oranges in this is why. Because in but we have come of our our baby boomers are coming of age up. So in 2082. We were still a few years away from reaching his peak of of our baby boomers hitting retirement age. So regarding your current views of structural change it quite so soon you have to wonder. That you know regardless of what happened to the economy between 2008 and 2014. Would we have had this scene. Kind of decline in the labor participation rate I that's not something you could answer or I can answer we don't know but if it's something to think about. It is and and I think you can attribute some of the LP aren't the labor to surgery to structural change. But at best care and at best all of them to give these 1%. Which means we're still way off where we work. Back in 2008 just remember it. 59 point two today 63 point five back in 2008 before. Are we can take some calls David is that it. You wanna go to for our here's the deal this is what we're doing today. We wanted to know from you first height. Financially how are you doing. And second of all what does it take to get by what does cut a year middle class guy what does it cost just to get by and run your household our poll numbers told Fareed. 8882052263. Your calls up next company to. Barry Armstrong and compared them. Right here on the financial exchange radio network. Are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna read it check tear former son or daughter and not justified Acura own home. Not only does transferring put your home at risk it can also create a huge capital gains tax when they salad. Right now the federal capital gains tax can be as high as 23 point 8%. And that's an addition to your state taxes. There are better ways to own your real estate beckon protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Tugnutt ski in the law firm of Cushing and Elena put together train new guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate con out for your copy at 866848. 5699. That's 8668485699. Investors searching for relatively low risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with the impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent APY call 8776917. 900 today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more leader bank a step ahead minimum deposit to open and current annual percentage yield as 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings. Rate subject to change without notice member at the secret effective November 4 2014 this is Barrett strong and I'm joined today by estate planning attorney Todd let's keep from the law firm Cushing handle. It's time for your legal exchange quick tip of the day. Were talking today about the different ways that you can only real state and Todd I want to ask you this one. What are the implications of transfer your whole C just take your home and you give it to your children. In order to protect it from the nursing my ex he had somebody asked me this yesterday sixty years old. In the heard about this thing transferring music like this. Yeah I kind of makes my teeth itch. Really you know GAAP putting your kid's name on anything while you're living is frightening with or without a license state so your question was interesting it was. At least using a life estate does provide the parent the right to live there that some protection I I feel better about that but I really don't like having the children's name. On any property. For the following reasons one when you do that it's a completed gift to you've lost all control over you don't own it anymore. I worry about if it's going through divorce and ex son in law the ex daughter and when your like. Number three is it you know Ali you know I don't you've now subjected and as you just said Barry took their creditors and does that. Necessarily have to be divorced does it could be a lawsuit business failure anything. Could be any creditor so they'll basically that creditor has the ability to get the ascent to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't don't do that. Our rate I've got some advice. Or you learn the best way to old and protect your home your vacation home in your rental property. Call for Cushing and old brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 8668485699. The guide will teach you all about the risks and rewards of real estate ownership. Whole free 8668485699. All the best in business is right here Barry on the stroke and can carry him. On the financial exchange radio network. Kev I think it's fair to say it. We live in one of the most expensive. Parts of the country. You know you look absolutely you look at the country its eight week new England and talking right when the most expensive regions of the country trying to find out Harriet don't first of all. But second of all what does it cost you to get by phone number 882052263. What bill is in Arlington bill power. I'll either. A yup I got too loud and clear. I or good so you're living in Arlington being there aren't and I am married single I have a girlfriend I mean are irked. Are my gut. It out and I think women are. Expenses we just got done with very saying women are complicated before you came on the show bishop his. And but let me so I'm sixty K year. I have no debt to my name and I paid 11160. All around. My health care has but 220 Amman. You know. Arlen Smart money I would not be able to make and Hutu income household. Now you know I'll myself but I mean if I wasn't doing things outside. You know working are working there I work a lot and dale how old are you. Six I Anderson is Lisa aren't you know it's our. The biggest the biggest problem Mike is our accident at my age I get out there LB are. Or that it went under dollars. Nature after taxes. And how that drops down to 14140. All. And don't let me all right out the door is going to someone else when they'll be a lot better used Bundy and my experiences all I have to are the only way I am building my while. By short auction trading. That's the only way I can then that's risky to be all on yet you've got to respect and take it can't it was 400 all he checked. Bill let me ask you something do you have not college at. But it's you know other people probably are a lot worst situation that I am now. Was in I'll tell you what bill you're David. Lee you're you're above. The national average flaky we go to that MIT study that boasts of it as we're doing this can we need to share some of the points that are in that MIT study. You know like when you look nationally. A family for they say living in the north just getting buys 56000 dollar she's taken more than enough so bill try to imagine what it would be like if you're trying to support a family of four right let's go to our next caller 8082052263. Dillon is in Walpole. Are you don't first of all Dylan and and and how much do you need to get by with. I'm doing all right. Yeah I'd take it day by day week by a week. What you need to get by well. I work anywhere from 67 at the hours a week you. 22 years young Tom I got full time job like your last dollar and they'll. And fifteen bucks an hour you know hourly rate and go. You know ideal that action issues issues do I should be making about 600. Are we get on a morning Gergen all votes or sixty. You're working sixty hours a week. Just about yet which entry different jobs one. Or 84 acres dobbins bailed a rapper and there are brought in North Shore up on a water. Grocery stores in our flip burgers beat night at just a bad news. Well jobs stop shop. Just a check out our time next week. 922 are you single. But I'd stop you know I. Iran I. I rent 500 dollars a month you know keep extra cable Internet yeah. You know it ships or work stoppage brought out but active. I am I working night so we can't just expect first paycheck at that looked like Eric yup and it is like you know twenty bucks in the union aid and text is in our initiation fees. So your work and ease work and effectively two jobs three ether like you're there to fall it would be like seven hours a week you write equivalent of two full time jobs right. And your your struggling to get by. I'm strolling about I don't get this to connect I'm twenty you are just now malaise and back in August. I'll cut them any driver and I just got my license insurance. Company is certainly trigger a 324. Dollars a month to archer. What are your skills that would you would you leave right did you go to college idea have they Guevara. A quantifiable scale. I am I did not go to college I consider myself a regional professional. Com in retail for her at many years now you just you know Wayne as fails. I'm very hard worker in myself you know estimate at least by example. DC halfway for a late DC could you become a store manager in India like is there a way for you to do better. Going forward. You know. It's a separate I don't know what I like. Talk out companies sprightly sixty from the grocery store yup I thought it would collapse under their. In the union and the and the over bloated corporate yup I'm there was a clear apparatus that speech while there. Yeah. In the union you want chocolate stand network and I don't want to be expelled their life who works in a union is confused. Don we've got to run but I think they give you some advice before I let ego be that you're 22 years old right. Think about getting your CDL because when you're 25 you can drive a truck and make 708200000. Bucks if you will about the North Dakota. I would be you know we have a great country in the north east. Might not be area from. That it Della thanks for your time. Our eight we're taking calls 882052263. With your impressions so well first off I'm just sunk. I am so incredibly pres impressed that we just talked to two young men under the age of thirty. Who were so articulate an arsenal he's sorry about their future cricket that was amazing you know and and good for you and good for the fact that you listen to the radio show when you get some good advice. The habit it's tough I mean our first caller. 60000 dollars a year and he's a single guy and he's having trouble making it work magic try to race Applewhite and and two kids at home that saints heat that's the outright in need of a tough time if you know white just a baby. You're just one at home so let me go to Prague just recruit for the curricula throw a compliment more than numbers are. We said in the north it was 56000. In the west it's 53500. That would be the median. I'm living wage. For people you know just get by would sit with sitting year old that's well this is what's interesting to south comes up next at 49. Thousand dollars in the where I'm from in the midwest it's 48400. So to raise him to raise a family of four again. In that needle deer that medium range just barely get by. So it's. It's very. 66000. In new York at 67000. In DC 69. Who leaked the meetings of the 67000. Dollars in New York City. And you are bear to the only the only saving grace there is that you don't have a car just like he just talked about his car insurance. United deal with the car most people who live on 67000 there. But other engines. 1415100. Bucks a month by my son you know there's an kodi he's down in new York and that's about what he's Macon and he has no money. Not I'm sure that's the eighties he says the he's got a decent job but at tight he has no disposable income. So our phone number 8882052263. Were to take a call upon here in mauled and how Maria Dillon and what do you need to get by. Or are doing pretty good. It's and 63. Am I drive opensocial. Security and what slept in my country performs Berman and a little bit of correction 2008 yeah. But what I'm really determined is the red numbers would be unemployment and there's that jobs created that really bothers me because our I don't know maybe Iran Iraq in criteria all the time. Read the Internet that he's been jobs being created. Six speed of severed by the perhaps and that bed now in our limit right on Tom. You know so it just really. They're real they're real. Like I don't like 92 to write to me of people out of work or out. It Tom I think that's why would we ask that question you know everything looks so rosy in the in the lower oil and none of them that great stock market the US do Behar you doing well. They they're they're working part time jobs or their work in two or three of them like we just heard I was young men you know. And the narrowing you have time to think because they're working so hard just to keep food on the table in the electric on just to break even just to break it. Electorate you know hook Al ansari. Right there are older oh he did but the idea of porphyry. That somebody can ever do or whatever and they. Or should they get these. Tax credit the tax credit. You and I can buy it like out the idea dates are at record by our. I'm not sure if it's. They're different. They're old they're not be getting all. The benefits of what might generate that they'd pick a piece about I paid him a let's allowed a price per kilowatt hour right. And I did a national read what they get and it's not occupy wrapped. Tom we gotta get out I'd be talking about utility prices in the next hour stay with us this is the funny exchange. This is the financial exchange on the financial exchange radio network. Investors searching for relatively little risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent -- why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more -- bank a step ahead minimum deposit to open and -- annual percentage -- -- 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2014 this is very Armstrong and. Joined today by estate planning attorney Todd let's keep from the law firm Cushing in Dolan. It's time for your legal exchange quick tip of the day. We're talking today about the different ways that you can only real state and taught I want to ask you this one. What are the implications of transfer your whole C just take your home and you give it to your children. In order to protect it from the nursing my ex he had somebody asked me this yesterday sixty years old. In the heard about this thing transferring it using electricity here. Kind of makes my teeth itch. Really you know GAAP putting your kid's name on anything while you're living is frightening with or without the light to states on your question was interesting it was. At least using a life estate does provide the parent the right to live there that some protection I I feel better about that. But I really don't like having the children's name. On any property. For the following reasons one when you do that it's a completed gift to you've lost all control over your order anymore I worry about if the kids go through a divorce and ex son in law the ex daughter and when your house like. Number three is it you know Ali you know I don't you've now subjective and as you just said Barry took their creditors and doesn't necessarily have to be divorced as he could be a lawsuit business failure and could be any creditor and so the oil basically that creditor has the ability to get the ascent to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't. Don't do that. Our rate I've got some advice for you learn the best way to old and protect your home your vacation home in your rental property. Call for Cushing and old brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 8668. Horry. 5699. The guide will teach you all about the risks and rewards of real estate ownership whole free 86684856. 99. You may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like you're included in that category then we have help for you us today and 86681064222. Request a free guide on healthcare and retirement planning is crucial and may even help lower costs and Knology they're paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again it's 8668106422. Securities offered through securities America ink member finreg SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and the securities America companies are unaffiliated hi this is very Armstrong from the financial exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the ads frankly that I hear on the radio I like to buy gold from a local institution that I trust I owned gold and I bind my gold coins from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank with. Branches in East Arlington Arlington center Arlington Heights at Belmont Burlington and Central Square Cambridge thank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 8776917. B 900 or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. Follow Mary on Twitter at Barry G Armstrong its Barry Armstrong and team paragon. On the financial exchange radio network. We're taking your calls are phone number 882052263. Here's your first trivia question of the day. Which amendment to the constitution. Established. Prohibition. In the United States you know the answer that question please Texas or text number 68680. What was the amendment that established prohibition. In the United States Kim let's go back to fold or doing is we're talking about how are you guys doing out there. On how much money does it cost two to lift the interview like we're talking now to John. He's in central Vermont I'm guessing on this a little less expensive to live up there. In a might be down in SA Boston. Yeah. It's expensive but. We are drowning. In and likely in what sense is in charge to get work is that the problem. Well I'm ten years ago the future was so Greta had to Wear shades and they did you know just trees circumstances of life. And you know company closed I'd transferred from my job and engineering technician to another job. And that company he was sporting managed they were bought by investors sold off the probable part what the bank corporate that it. I went back it is carpenter incremented you know mr. carpenter are I have scale yup this. I've done I've done something to me I built it keeps her White Sands Missile Range. So do you find it were up there is a carpenter John. Not enough and I am in my mid fifties now. I'm just not. Scott but not anymore for a lot of these guys yeah you know I mean he could come along and it in actors stops then and commercial carpentry has become. Well when I went back to guard retreated and doing really well making you know working people win money. And when the bottom fell out. I went from at least six months work lined up to six weeks. And it just you know the people with money stops spending. There's the people with money especially where you are in this ski areas they've been the monies back the stock market's up is still not a lot of work on on up there later. There's not it hasn't it year I mean I'm delivering tires are now a little over ten dollars an hour. Just just just tightly we we edit you know on the taxes are killing us we meet that it we put our market we've got to offer in. And we're gonna take about the low or 50000 dollar beating on that just under the margin attack. Did you know there's not a lot people like doctor and then don't be surprised I don't particularly young men edit your target out. Yeah I'm glad to hear that thank you very much time have you considered that we if you guys are gonna sell the house are you thinking about maybe. Moving someplace else where where the work might be more plentiful for you. What were considering the other direction my wife had to take early retirement has. Well pictures. So we're actually considering. Going where there's not a lot of work. But where we didn't. Just establish or sales were look at it like central and western Maine. Could pick up our house in a couple of acres for 2030 grand. And go back to just you know growing heroin through iTunes and denying our sister 500 bucks a year he make that. The front door and welcome all of our. You know jail cost cutter amount firewood from I don't booed. Hey you know what a simple life there's a lot to be said for for simple like John we had a run we try to run through a couple of these calls. Carl is in Salem New Hampshire Carl how's life treating. Right kind of expect that they reject Marla and the need to get by. I. A year. And yet. You know well actually out nicer but it my wife and I hope we charted news journalism and permanently as possible. And I don't. We we do it all right but it. And alum. At July did you like the work. Aren't out. Our. Mom we have a three year old son. We figured daycare was too expensive even Hitler. Should have been work and a debate for the daycare that's right up the line. And we need to live in Massachusetts. And it's one of the reasons relax because coming up here actually. Get more out of our paychecks. You know income tax and thing. Are you working up there Carla do you work down here yet. Or got remotely from home I work on time and mapped it on time and captured primarily an attitude that. Z your pain in the mass income tax Ian Kelly live in Salem. Are my artwork based my own good time. I come down here in new I'm an insurance inspector. Mechanical equipment. You know and ultimately it all right there it it does mine. But it new spoiler in this weekend. I mean there's. Expenses that keep coming up. It's like I don't know if you've been out. Hearted and they got talking about renting prices in New England. I was Hillary can be bought out early and in April. I would you know not so he's in apartment for a thousand dollars a month. Now got a mortgage loan or just under 14100. Yeah out. And it's tax deductible tea you know that's that's the thing the at the tax deduction he's got equity and hope that the prices the value of the home up eight just a quick reminder. Leader bank has the best deal going on an eighteen month CD it's one and a quarter percent EP wired phone number 877. 6917900. Leader bank is a sponsor of our program I hope you'll patronize them with your banking business. There eighteen month CD. Is yielding one point 25% their phone numbers 8776917900. Or you can visit them at your bank dot com. Let's take one more ballots still looked at Michael in New Hampshire here Michael honey do. It. Go look into doubt that I'm not expecting to bring out you. The Liggett and I am. I'm on are you a little bit better than some people bottom bullet that they are very terrible but if they're a record drop. I would overturn. An arm and I believe he would but I doubt the media. All tournament it's been there all we got respect. We have that we yeah. America back into. And everything are you raising a family Michael. It. And it I would give you know what right under the symbol in the army helped about one right there you know problem. That's great regard for ducking under our belt protect. Him. As you know like I happen to Google and I didn't give it it's what I've been around. You know Mike I've and it just say something TAI I have a lot of respect for you you know the fact it. You're you're you're you're you're not figure my agent. Yeah and it's hard work and it is 6070 hours a week attitudes. And you know a lot of people would just walk away from their obligations you didn't do that. Not eat that second job and how many times how many callers have we had been saying they've got a second job or third job and and I. I just wanna tell you. I have a lot of admiration. For the working people he says son came back from the military Yeltsin when he can't win if they say thank you for yourself to your son for his service please. Thank you Michael thanks for. I guess the if it's nice to hear right that it people are colony and they're they're struggling I think I think they are right you knew that yesterday yes we did that they're working through it and then I love. Yeah I love the fact that they're working through that they they certainly are in and. I'll tell you we've had a couple of different people who have. Verified something that you've said many many times and that is lawmakers in this state where he. It has the taxes are such that people are being forced to leave they have delete because they just don't have an option. I wish you know wish them our lawmakers were sterling was listening right now because that's the kind of thing these are the kind of team we need to listen to. Larry Kudlow CNBC joins us next on the financial exchange. This is the financial exchange on the financial exchange radio networks. 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You may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like you're included in that category then we have help for you must today and 86681064222. Request a free guide on healthcare and retirement planning is crucial and may even help lower costs and challenging their paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. Securities offered through securities America ink member and rat SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and the securities America companies are unaffiliated are you thinking about transferring your home to hear children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna read it check tear former son or daughter and not justified Acura own home. Not only does transferring put your home at risk it can also create a huge capital gains tax when they sell it. Right now the federal capital gains tax can be as high as 23 point 8% and that's in addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together three new guide to the risks and rewards of real estate ownership. It's free guide will show you the best read on your real estate con out for your copy at 866848. 5699. At 8668485699. Investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with the impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2004 team. Well best in business is right here Barea arm stroke and can carry him. On the financial exchange radioed Edwards I. Jim this is the first chance we. Had to talk to Larry Kudlow since the election on Tuesday. And I know we both have a lot questions for you Larry how are you today. Good so I wanted to ask you Larry in your capacity. As advising. Republican senators and you speak to this group pretty regularly they call you for advice. How would you advise them to proceed on the issue of immigration. Well immigration acting out. Probably. The least. Difficult approach. Would be to put a bunch of sequential bills. On the table. I'm not sure I'd go for big bank reform now I probably would. And it into context that overall war. Got to include port security. Got to include. Guest workers and it's got to include H one B Brady act. These that include. Foreign student visas then but it also got a boot legalization. Which is the sticking point inside Republican caucus. Sometimes call amnesty I don't regard is that BP you've been here long enough that if you pay your taxes you know and roll. I think it is a legalization point to question that you wanted to omnibus bill. Or do you want it sequential. Several pieces and what I'm hearing. Is more sequencing and I do not post that I am OK with that. The issue here is gonna start before. Explain sequencing to us I don't think I can and I. Wind east I would want there is doubt Forester. And whatever you do you know electronic tracking. This new pieces. Send them back home I'm quite sure what they're gonna do. That's your first point and put more money into. You know and to load the immigration. Border patrols that kind of don't bet I would bet. Better detect some low hanging fruit like VH one B visas that almost everybody agrees. Abroad student news update these right. And then dad and our partners dot which would be guest workers then let you know the low end wagered that a man. Bring them back and had violated as one of the legalization. Of so that's what I mean but look. Before we get away what Obama's that is it is one day. Debt. Debt he basically said I am Betty use my executive authority. Typical legalization. And deportation why did you do that. Because he's arrogant because he doesn't want to work with congress. Because he doesn't understand politics. Is characteristic. In our laud president. It is. What it Mitch McConnell say by waving a red flag probable yup have been that it's kind of poisoned the well he got that. If he does that. The help breaks and chants and aberration or. Dead on constitutional. Grounds. Double crossing grounds of lack of cooperation ground you probably. But what can Republicans do that it is an entirely. Narcissistic. Stop the more approach that'll rather. He can't help himself skinny now he just can't help himself fury. But look what. What can the Republicans do about it I mean if he does that he just said wakes up 1 morning it says on the issuing an executive order eleven million. Are allowed to stay in their granted citizenship. What what can the Republicans possibly do in opposition to that. They will use. The continuing resolution. Budget. To deprive him. Of all administrative. Button. To an act it is proposed. And that intern. Well especially. Destroy any chance of cooperative effort and even worse than that. The poison. The well. May destroy any chance of getting things like. Broad based energy bills for keystone you know public land and exports. To fortune five point. You know a lot of corporate tax. Are so badly believe corporate tax reform would be the single best program measure. There is read in New York Times you weren't there Republicans are coalescing around the bill no Democrats may be coalescing around the bill. And that was the really important stuff to grow the economy. Would be stopped out by the poisoning of the well he goes to executive. Approach is that constitutional implications it's got political implications. It was stopped the budget process. Straps. And and you're right you're right. If he can't help most of these outposts that unbelievable. Our our base it Arab are the Republicans. Getting a lot of pressure from business owners to do an immigration deal aren't like act. You know you look at a company like Wal-Mart McDonald's. Unity that the low skill. Employers are they leaning on Republicans to work some kind of immigrate. And like it via web ever at all business today wants to do chamber want to deal and a five B once the deal small it is audit you know everybody wants to. Every about this handful of restriction has. On the fringes of the Republican Party they don't want to be but added that the rest of the 99%. Want. And it came after an election the republic played their hand very well. There are very calm about balanced deal with the enforcement and Benoit worst jury I've spent polarized as as we all want borders security. That's not the issue the issue is you know at a completely comprehend that they'll do so. It would be tragic if Obama. Takes this stupid course strategy. But about how do Republicans. Navigate through the Hispanic issue right because the if if they don't do something. To appease the Hispanic community how does that impact and in the presidential election. Tell our gal I mean I love and exit polls. The GOP got 35% of the bat but bad. Eight points better than Romney got 2012. And that's bush tight numbers. Right bank and that they'd make progress because. They GOP. It didn't have a national platform. Vision that most of the key senate races. Individual candidates were talking about the big. Then there were talking about sensible immigration reform say they were doing out there on seven these guys in the questions based. Like Cory Gardner Colorado. Had a very good riff. Immigration reform. Some of the governor's had a good run by the integration of forces GOP look they've experienced an example out there right in my column. Exit polls show Republicans did better with his back they get a lot better with the Asians. They went from I think 27%. And 2012. Something like 45%. In the mid terms. Presume that's because Asians all have jobs. Well it's because Asians are small business people were based on the you know want to align themselves with the program party but. The harsh. Anti immigrant rhetoric. Picked characterize Mitt Romney's campaign regrettably he was apps that fortunately. From this election GOP. Really took pains to create more of a big tent. Pardon him and that's well and it paid if. Is is they're gonna be able to hold onto his job. Kosher. Did that he's I don't know what the count. Republic and their biggest match. Later that night the 28. I love it that's an indictment various events. It. I. Read that. And now Larry. You and talents tales out of school and a sense that that. Analysts tonight we sure appreciate your feedback on this as we we've been talking about is whether that's Larry Kudlow CNBC. That would give perspective. Here on a very complicated issue. Well. It's it's really not that complicated though they vary in in that. On the bottom line is if there would be a level of negotiation and the open. Minded negotiation. It would not be that complicated to be able to bear out. Larry is exactly right this sequential. You know passage. Of a bill is the way to go about it that's how you play politics. And he's also right that our president doesn't know how to play politics. The eighteenth amendment was the amendment of the constitution that established prohibition in the United States do we know who won yes we do. It's Tim from Milford we have another trivia question coming up for you next. It's back to school time and it's time for you to brush up on your education about estate planning. Did you know that from married couples you may be paying unnecessary estate taxes if you don't have a trusted place. For a married couple in Rhode Island this gift to the government can be as high as 100000. Dollars for two million dollar state. I don't know about you but I had plenty of other people in my life that I'd rather give 100000 dollars to. Cushing had Dolan has put together a brand new guide called back to the basics. A guide to estate asset protection planning call for your copy now at 8668485699. Don't lose your money to taxes call 8668485699. Back to the basics. A guide to estate asset protection planning call for your copy now at 866. 8485699. Again that number 86684856. And 99. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates whether you're refinancing or buying a new home leader bank is a local bank it's one of the largest mortgage lenders in New England with very competitive race asking their experienced staff about mortgage financing options and get of other mid size or small community bank. But you were ranked number five. In all of the banks in the commonwealth for small business lending congratulations to union today. You very much thank you Betty. A lot of credit goes to UIQ. Ammonia showed two months ago. We dug about these special program leader bank had products mom business Christmas. And because of the idea model business we got the people took advantage of that smog program. 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Or visit leader bank dot com get McCall they're terrific bank and they wanna be your business lending partner. 8776917900. Leader bank dot com. You may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like your included in that category then we have help for you must today at 86681064222. Request. Free guide on health care and retirement planning is crucial and may even help lower costs acknowledging that paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. Securities offered through securities America ink member and rat SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and securities America companies are unaffiliated. Pat Boone here with a word about banks' safety 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 the day. 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 we hear this. 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. Get this vital new white paper now call toll free 8051960. To 71. That's 8051960. To 718051960. To 71 or at Swiss America dot com. Fight your favorite news photos and sports updates on your phone when HP mobile from the Associated Press the new HP mobile is now available for free and iTunes AP mobile where the news gets its news. Are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check tear former son or daughter and not just to buy the Acura own home. Not only does transferring put your home at risk it can also create a huge capital gains tax when they salad. Right now the federal capital gains tax can be as high as 23 point 8%. And that's in addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together train your guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate call now for your copy at 866848. 5699. At 8668485699. Yeah. You're always hold on your checkbooks and give your portfolios break. It's time for the financial exchange with Barry Armstrong in Kim Keller again from Wall Street to your street Berrian humans got you covered peaks the financial exchange with Barry Armstrong and gene Kerrigan. Hi everybody welcome to the second hour of the financial exchange glad to have you aboard. We ask you about the amendment of the constitution. That put probation in place that was the eighteenth amendment. Which amendment to the United States constitution. Repealed prohibition you know the answer to that question our text number is 68680. Which amendment. To the United States constitution. Repealed prohibition you know the answer succeed east Cesar text number. Where we're gonna talk about the very controversial subject him and this has to do with electricity. On before we jump way can I ask you a question we got this problem. One of our listeners and before we jump to the next architecture just ask you recruit without asking you explained. Do you labor participation. Rate what that means coasts and in the you can just exposure are quickly for a guy I probably should have done it earlier in Dayton that that was a stat that was released earlier today in the number came out 59 point two. Should never be less than sixty. And it was in 200863. Point five at 592 point two means that 59 point 2%. Of the working age population. Is actually working. Now that includes anybody over the age of sixty greatly your sixteen years old you're capable. Of working and itch that number cam in a bad economy should be sixty and in a good economy should be 6365%. Because there's so many jobs Britney can make so much money that working yes. Egg you go to work. Right now we have a terrible. And 59 point two and I think that goes unnoticed. And that's that's why I spent some time. You know explain sure Carolina ratio in the first hour or. Right electric bill we we we have got to talk about this it this is. It it's it's tough because. Now during the month of October. National grade came out and said they were issuing the 38%. Increase in electricity costs that. Northeast Utilities has done the same thing in utility companies across Italy and every two. Is saying hey your electric bill is going to cost a lot more this winter right than it did in the past. And we know that it's gonna remain high for an extended period of time and that's what I wanna talk about. During this this aren't we need to dig into this topic and and it to cavs credit she she wants to know. What are you doing. About the skyrocketing. Cost of electricity car phone number is 88205. 2263. World faced with this this is something you feed your bill used to be 200 dollars a month it's going to 280. If your bill used to be a hundred dollars a month it's going to a 140 dollars a month. With Kimberly wants to dig into. Is your hand family your household we know we learned in the first hour that you're getting by but you know living high on the hog. What would you gonna do about 40%. Increase in the cost of your electricity our phone number is told Fareed it's 888. 2052263. Say that number slowly because we don't take calls very often it's 88205. 2263. What are you doing about this rapid increase in the cost of trust. Well let me tell you what the attorney general attempted to do okay. Her office which to these utility companies and said instead of putting this on this increase on in such a large fashion for them for the winter months. Why would couldn't we amortize. What is your after. Over at the course of the entire year. And she proposed kinda makes sense does it absolutely as a postage is bombarding. People as of November 1 where's November 1 until probably April 1. Your bills is going to be ridiculous. And National Grid said no. The yep it was that simple. Yup and they're all gonna say they're all gonna say and yet I'm gonna share it be like your thinking about what you're gonna do about the higher electricity cost or share some information. Now I have to be a little bit careful here Kim because I owned stock in a lot of utility companies including the one we're talking about. Northeast Utilities right this is a fifty dollar stock symbol forties and you it's up today. One point 6%. On news third quarter profits rose 12%. Add due to lower operating costs and increased investments in large power transmission projects around doing two things are good at her utilities. If you're the CEO of Northeast Utilities and mr. Thomas made your Macon seven point six million bucks a year. And no doubt it probably have a lot of stock yes you eat your life is good yeah. But like that if your customer. Of Northeast Utilities are here customer of National Grid from your cost is going up 38%. Now shareholders they love it. Because this stock is gone from forty dollars to fifty dollars during the last year you're receiving it dividend on and attacks qualified dividend three point 1% the CEOs happy he's vacant senate char six million bucks a year. But you. You are paying 38% more for your electricity and they are making all that money enjoying their great success on the backs of the of the customers. I'll take what I'm doing it. Hey you know I like I got that notice and an icy in my electric bills are. I've met yesterday with a company that will install solar panel on my roof. In an effort and and I am looking into it that's one of the steps and on taking. But I wanna know what you're doing about the 30% increase in the cost of electricity or phone number is still free. 80882052263. Our third is in Chestnut Hill and he wants to tell us what he's doing Arthur howry. Are there you there can hear us. Here are not. You know you want to go to an excellent. That's where Mike Allen and Joseph and Oxford Joseph Joseph what are we doing about the increase that. Koppel I'd. I've got cut back which they are ready yet the other way not much more likely you'll you'll have one blip on watched it yet I can now and what Limbaugh. Which these via golf ball that well it would expect you ought. Relying on the flame of the hour though if you like broke out about all ought to be home it's a bit ridiculous such. What you gotta do what you gotta do that the Arctic it. It's absolutely ridiculous they probably get a break on that oil yeah right with the right come out and you bet he'd get on the other and bill. It's because it'll be confident that. That people earning it and you can upload audio lot respectable golf pursuant to be straight that there rate. I've got better about. If you had government not got Michael Bloomberg quoted in the mail about the pre you know appropriate to joke about because the got a new group which we have a let's I wanna strangle he I was told by the big actually that they were all built on the oh boy. That the consideration of Bob Dole by one company. Is that they'll be opening on my property. If I used the old beat. It was not a demagogue but mark is 108. They all. All the property paid off. Can you afford to buy him out right can you like you have a home equity line of credit we can just write a check and buy the system. I I could get ugly line of credit but I'll be honest I'm a little step. Bill that I'd Obama but they are my mortgage yeah I I'd hate to borrow anything else yeah. So I don't skeptic like I go to my research I try it was a the issue all barely I really enjoy your your program. Appreciate. Have you thought about is there anyway the you can put those panels on not on your roof can you put him anywhere else in your expenses is that. I I yeah I have a I have a ever are topical plot but it it's Borger I think our. It'd be I guess it's government backed peace there will be too costly. To put it all on the ground because they're out there run a special why all the way to the other that he got to the house. We got political scandal that's worked out too because. But did all the alternative other than putting under rule book but he got a bit about it I Bible so it's two years old right I really I'd put a bit yes sure it will buy gotta I gotta lifetime warranty on it right. But I got very political appeared at anything to it. It's Null and void in Ottawa got to have a night. I'd jolly you know what may end up doing because I'm looking into it I'm I'm I'm really my average electricity bills 200 bucks a month rates on look I'm going from 200 to 280. Yeah that that that's a lot of money incidents that a lot of lot of Mac you know that that was one of the big concerns we were approached about our solar panels. My husband was that the issue associated with the roof I talked to a guy though and he's not a solar guy he told me that. The solar panels on your roof means that your shingles aren't getting this the the abuses that they normally break you think right now they about. Rain though I thought they eat and what about the fact that they're on you that. Edberg but the fact that they're having. And in your kneeling in twos so maybe year you know. Well I think I'll I'll admit I'm not all knowledgeable solar panels on on I'm only at the state run doing my homework right which could we hope you do it I don't you can I was harassed all you can copy. Yeah that's just the perfect. 8882052263. What are you do an about the increase in electricity cost that's our question of the day were we going David. Aren't there aren't you there. Yes. Yes I am sure what's the B it would not speak and I do have a few points about this by by mid east. Your first call anybody can ever thought they thought they are back electric bill you know I think reports Robert Wood helped. Movement and a up up up up up up to Shea Joseph Ferraro well it will play. That you have that's number one. And I try to fascinating that while energy cost and that Bob eight a barrel of oil is getting close to. This seventy dollars a barrel and I know that there are a lot of this much electricity. When they get good called the race I race why hasn't this price price coach. You know right now but I especially you know what one Geist texted any shows. So the CEO's make it seven and a half million bucks a year right up and and running utility and understand. Utilities are required by law to make a profit of public so it's equivalent of being the superintendent of the school systems or not is not a real. Tough job right. An and yet they're paying these guys seven and half million bucks a year. And that's public money that's like that big of that is a government job that's right paying 700 bucks a year. Well ordered mature community judgment and by what the government employees. Six years and what else is new right. As well as though. It certainly is who. Racetracks as the country by Jerusalem sort of words. Right exactly are three of the best thank you very much for calling into the pervert. That was funny test that right. When we come back we need to look at Ruger Sturm Ruger OK guys they bear a New England based company headquartered in. Connecticut but they have a big plant in Newport New Hampshire they had an earnings announcement weren't talk about Sturm Ruger when we return. Barry Armstrong and can carry him through. Right here on the financial exchange radio network. Investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now is an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent AP why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more -- bank a step ahead minimum deposit to open and current annual percentage -- as 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings rates subject to change without notice member FDIC rate effective November 4 2014. Are you thinking about transferring your home to your children in order to protect it from the nursing home. He gene know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check tear former son or daughter and not just to buy the Acura own home. Not only does transferring put your home at risk it can also create a huge capital gains tax when they salad. Right now the federal capital gains tax can be as high as 23 point 8%. And that's an addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Top up scheme a lot from at Cushing and Elena put together three new guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate call now for your copy at 866848. 5699. That the 8668485699. Investors searching for relatively low risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with the impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity -- leader bank to learn more about the eighteen month CD with a one and a quarter percent AP why call 8776917. 900 today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with your bank a step ahead minimum deposit to open and earn annual percentage yield as 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings rate subject to change without notice member FDIC rate effective November 4 2014. Hi I'm Joan Lunden 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 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 to thank them. So here's struck. In the final 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 804677. B 530. 804677530. Text your questions or comments or 68680. Its Barry Armstrong and Ken Kerrigan on the financial exchange radio network. Well as the 21 amendment that repealed prohibition came here and. Yes Michael from western cancers that. I I. RH. Any other text questions that you wanted to throw my way. I do the thing that I think a lot of people are really wondering and we sort of got into this in the didn't really explain why these energy rates are going wide the electricity. That was going up or down I'll tell you here's a number of contributing factors but I'd say a number one I'll give it to us. 22 issues that are contributing to higher electricity costs are. We can't get natural gas to our utility companies on cost effective basis if you ever been in the city. When the net LNG tanker comes aria. And that's an ominous sight yesterday and an if that damn thing ever blew up. You're in freedom we feel it over once when he would be waterfront park and her that let's put it now the if you look at the blast zone writers the LNG tanker if it's 2128 everybody inside went when he. It. It and that's that we're bringing you did. That way because we don't have a pipeline yes that can get it to our utility companies and to our consumers and cost effective basis of. The consequence of that is Kim. Are we paying five times the market rate for natural gas that's that's reason number one. And then secondly it would be you know we can buy electricity very inexpensively. From Canada. We can buy it the the northern past you've heard about Thatcher. We can buy it from it's coming out of the back. We could buy it. But there's a lot of opposition to allowing those trends that transition to come down through Vermont and through New Hampshire so. Those are the two primary reasons and and if you doubt you could look at a chart. And look at the cost of electricity across the country yes and what you'll see is that New York. Connecticut Vermont Rhode Island Maine and Massachusetts. Have the highest electricity costs in the continental United States. You get too well Missouri. Much less expensive yeah around Tennessee it's about half the price for that Arizona it's about sixty cents on the dollar. In the continental United States we have the highest. Electricity costs up part of its due to the aged in for sure yes we are very old circles systems so when you compare. The electrical system. That's in east Saint Louis or Phoenix Arizona. Right it's it's mater sheriff's all underground and in and it it's less expensive to maintain but still the primary reason. You are paying more for your electricity two reasons one northern pass that's secondary isn't primaries and natural gas we can't get it to where we need. Well and and you also just mentioned two things two different ways in which to get which would be wondered come down from it for a through Vermont. But the the problem is that people and I'm one of them you've admitted that you are too. People don't want that their backyard I don't mind if it's in your back hunting accident right. And I think we all feel that segue if it's in your backyard and it reminded me down that's terrific right out at. So on and and I can understand that but there's there's a buoyant means by which. To get this into the north east in a cheaper manner that did Eads consumers that may be just keep accurate but at that what he's. We don't know yet it's in the. No we sure are. I'm as I have an announcement as it relates to your social security and make this announcement in my capacity as a representative. For securities America. Life expectancy. Plays an immense role when it comes to Social Security. It is suggested that single men should claim Social Security at an early age because they have a shorter life expectancy. It came you know what that's true. Man die. Earlier you know how to reasons that I had so many jokes that don't tell right now but not going it I gonna say anything about how were were women's or anger all eyes as he did say that women are currently women are Koppen are wider and I first because they want to. All right I say that no I don't say it again. On but single men do have a short Electric's expectancy in opposition. Women should delayed their claims because they are more likely to live longer than their male counterparts. This helpful strategy is obviously not apply to their house I bring this up because. Our office has created a guy. It's ten tips for increasing. Your Social Security it's amazing we'll complain about the taxes come out of her paycheck one of the biggest taxes. It comes out your paycheck is Social Security right take a look at. Says like next and guys like that can take money out of it pay chart with that's your money went into Social Security. Well if you wanna learn about ten tips for increasing your Social Security is only one phone number to call its toll free 866. 8106422866. 8106422. Wind should view collector Social Security. Read the guide before you make a decision there. Can I Jason and I saw the guy. I sort of throw this in place. You know no one really knows that much about Social Security until you get closer to the time when you need to dry for folks I've got it to me you're going to be shocked when you read this and you see what the difference. Postponing drawing Social Security can make in your monthly. Checks and if you put money unit for as long as I have been very hasn't been as long as David will you wanna maximize that as best you can because it is your money it is absolutely amazed I can't I can't stress enough I was so surprised. And I passed on to my parents and my parents are drawing. But I was telling them you know and my dad says gosh nobody ever when we set down to circuit we talked. You don't lie because when you go to the Social Security Administration can be don't give you advice they're not allowed to. They're allowed to sign up pressure and that's only happened come on over here and I'll fill the warm enough about the unity Euro signed up. But they won't give you advice and it's not that they're bad people. Great movie we've got good friends from Social Security come on the show they've by law. Are not allowed to say will Kim you should wait here 68 church giving the information to make a decision. But they won't decipher for. And we are willing to decipher for we are wound opiate that phone number is tall for if you wanna write down 866. 8106422. Let's let's talk about Sturm Ruger and I think is there a big employer Connecticut their big employer in New Hampshire. Will get to it when we come back from the break got a lot more to go here on the financial exchange. It's very Armstrong and Jim Kerrigan right here on the financial exchange radio network. Investors searching for relatively little risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent -- why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more -- bank a step ahead minimum deposit to open and -- annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2014 this is very strong and. Joined today by estate planning attorney Todd let's keep from the law firm Cushing in Dolan. It's time for your legal exchange quick tip of the day. We're talking today about the different ways that you can own rules state and Todd I wanted to ask you this one. What are the implications of transfer your whole C just take your home yet and you give it to your children. In order to protect it from the nursing my ex he had somebody asked me this yesterday sixty years old. In the heard about this thing transferring it using only the state here. Kind of makes my teeth itch. Really you know GAAP putting your kid's name on anything while you're living it is frightening with or without the light for states a year question was interesting it was. At least using a life estate does provide the parent the right to live there that some protection I I feel better about that but I really don't like having the children's name. On any property for the following reasons one when you do that it's a completed gift to you've lost all control over your order anymore. I worry about if the kids go through divorce an ex son in law the ex daughter and when your house like. Number three is it you know Ali you know I don't you've now subjected an agent just said Barry took their creditors and doesn't necessarily have to be divorced does it could be a lawsuit business failure anything. Could be any creditor and so the field basically that creditor has the ability to get the asset to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't don't do that. Sorry I've got some advice for you learn the best way to own and protect your home your vacation home in your rental property. Call for Cushing and old brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 8668485699. The guide will teach you all about the risks and rewards of real estate ownership toll free 86684856. 99 you may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like your included in that category and we have help for you must today and 86681064222. Request a free guide on health care in retirement planning is crucial and may even help lower costs acknowledging that paying for health care in retirement is a major issue is just the first step. The next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. Securities offered through securities America -- member and -- SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and the securities America companies are an -- hi this is very Armstrong from the financial exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the -- frankly that I hear on the radio I like to buy gold from a local institution that I trust -- -- gold and I -- my gold -- from -- -- I walked right into any leader bank branch and I can buy American Eagle gold points -- bank is a local bank with branches in East Arlington Arlington center Arlington -- -- Belmont Burlington and Central Square Cambridge thank locally and -- your gold coins locally it just makes sense -- -- bank a call and learn more about their gold coin programs 8776917. -- 900 or visit leader bank dot -- leader -- a step ahead not a deposit not FDIC -- not insured by the federal government agency not guaranteed by the bank may go down in value. Follow him on Twitter I KK carry him you listening to Barry Armstrong and can carry him. On the financial exchange radio network. Kim who won the last trivia question of the 21 amendment. Michael did from Worcester and he's been through wonderful Monaghan. That's good content from record company did he just hit choked on ya it's there's an incident in the studio and their residents had someone. Call this in Casey's coffin now. The idea and an easier place EMC's ready to go you know women are complicated and that's. Up. But here's your third trivia question of the day. Which famous gangster. Grew his empire through bootleg liquor in Chicago from the early 1920s. And 1931. He ended up going to jail for tax. Which famous gangster grew his empire through bootlegging. Should liquor in Chicago from the early 1920s to 1931 you know the answer to that beat Texas 6868. We do it here I think. Go to Doug most is done with this are we ready to go okay he's not right you're just a couple of minutes we're gonna go out and chat with diagnosed he is. He's a writer for the Boston Globe and that got a really great special edition coming up on Sunday. They're gonna talk about the long would medical area. And it's it's fascinating when you see how that is really starting to develop so he's going to missile premium let's talk about Quinn's. Let's do you know lower waited too long metal is doing all right but for people in Quincy. Quince he's taken to be the downtown area still torn up but nothing napping again it can't get it may can't they just can't get out their own way and now the equity medical center down there which is huge well here's the deal Steward health care systems said yesterday. And that it would close Quincy medical center in displaced nearly 700 workers after the long struggling hospital. Finally succumbed to the intense competition for patients out the Boston. You know they bought this back in 2011. Stewart did they sunk a hundred million dollars into the hospital and still. Can't make it work that you've brought up something that I thought was so interest in very part a big deal explained that part of the deal for buying their hospital was what. With they had a deal with the attorney general. That they had to keep the hospital open for at least six and a half years. It and they had to give eighteen months' notice before shutting it down so. Like they're another of those things have they done they didn't give you eighteen months' notice and they didn't keep it open for six and a half years from 2011 last time I checked 2011. That would take them out to 201718. Right right and here we are at fourteenth and these people have been laid off the 700 workers had been laid out regarding want to close the doors what I understand here. I mean what happens is is the attorney general gonna go they go after Stewart health care for that reason I don't know if she's not crying. Okay that was them well. Knows I'm a might I add a low blow but let's. Let's get back to the subject let me let me raise another point I don't know if she's going to do is nothing in the article that was no indicate that she's she's going to. But he the other thing that ought to say news. Charlie Baker should be screened and bloody murder because they had to handle this before Tuesday. Agree this was the Charlotte Lewis and yes they did announce this until Thursday after election come make do they think we're that stupid. Well like you said this they're giving him forty days closed please down. In the first eighteen months nobody knew they if this is. Bet that's dirty Democrat pool if you ask me that I'm not trying to get all political. I'm not a political guy that the uptight yet. That that's dirty pool to wait until Thursday after the election to announce that your droplets and under jobs to people. I'm I'm sitting here saying hey Martha. Where you what happened here bright you said six and a half years that's why you approved the deal in the first place for six and a half years eighteen months when happen. Yeah it was a fine print reading all worried now while that there's says oh by the way if we're not turn a profit we're gonna close it down immediately. May eighth that's that's thirty well it is dirty pool and I and I don't like the idea. I don't like it when these these regional type hospitals closed. Because it just hurts the community so aptly. You know I mean quizzing now is gonna have this great structure down there with a heck we can do with that. Well and they don't even Stewart owns ES award they gonna do with that I think in a sell off I figured it converted is just in my opinion. That building will get converted two senior house. And an economy health care facility the field. Well I that would be better than if it's it's there abandon. Yeah just a great big no other eyesore in import Quincy tell you what we have one of those indeed you intuit we have one in in the town that I live. The state closed hospital news in midfield state policy. Was an insane it's. And they closed that down in 2003. In the buildings are still there vacant that they are there not being maintained. Knee you know there are being vandalized. And and and it's it's. If that becomes a place for immigrants to hang out just becomes an ideally here. You are the goat is that an in place to block and a great place to go for awhile but. That you know imagine that happening quince. I know the answer to that you know and there in lies appoint Obama Clinton resident violent acts and I would too. I would do not to mention the fact not only are they gonna have record peak facilities in the near empty. But you know another losing their local hospital and people like to have the local hospital when the kids fall and break there are on the playground are. Whatever it's nice to have that local hospital I don't disagree on the way I don't think their keep in the ER are now nothing. The itself examiner down altogether. I promise we talk about Sturm Ruger share price down sixteen pennies. And and here's what's going on mr. Berger pure stock holder in this company the range trading range in the company's 36 ED five dollars a share. And when it hit 85 dollars a share was when there was. A real belief can that you wouldn't be allowed to buy again. Get a member EU had those shootings in Connecticut right in and we have shootings coming up on about what two years ago in authorities sandy hook ups are. On that it be. 85 dollars a share where their missing. In the end there frankly there they're missing badly they're revenue numbers are poor. They're not growing their business. Because so many people bought guns and around the ocean these because they said hey we need a B of the by these guys if the president gets away with Lou it would he wants to do right if he's able to get rid of guns. Then you know can be of the by and so people stocked up they stocked up on ammunition. Well now for a star murder yet there they're not they're number no that's instantly that cookie crumbled just. Are when we come back we're talk about long term care insurance and what policyholders. Should know you've got. Now if you own the stuff that you'll long term care insurance he need to pay attention to talk about that would return. This is the financial exchange. On the financial exchange radio network. Hi this is very Armstrong from the financial exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television for even the ads frankly that I hear on the radio I like to buy gold from a local institution that I trust I own gold and I bind my gold coins from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank with. Branches in East Arlington Arlington center Arlington Heights of Belmont Burlington and Central Square Cambridge thank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 8776917900. Or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. You may be wondering if you've saved enough to make it through retirement now add to that concern about health care costs and your stress level may be shooting through the roof when you're not alone researchers report that more than half of retirees. Are not feeling confident that they have saved enough to pay their medical expenses during retirement if you feel like you're included in that category then we have help for you close today and 86681064222. Request a free guide on health care in retirement planning is crucial and may even help lower costs and biology they're paying for health care in retirement is a major issue is just the first step the next step is to understand what these costs will be and to incorporate them into your plan that number again is 8668106422. Securities offered through securities America ink member can rack SIPC an advisory services offered through securities America advisors Gary Armstrong representative Armstrong advisory group and the securities America companies are unaffiliated are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check tear former son or daughter and not justified Acura own home. Not only does transferring put your home at risk it can also create a huge capital gains tax when they salad. Right now the federal capital gains tax can be as high as 23 point 8%. And that's an addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together three new guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate call now for your copy at 866848. 5699. That's 8668485699. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates whether you're refinancing or buying a new home leader bank is a local bank that's one of the largest mortgage lenders in New England with very competitive race ask their experience staff about mortgage financing options and get a very competitive low term fixed rate for your home whether refinancing or buying a new home work a leader bank call 8776917900. Or visit liter bag dot com leader bank went over one billion dollars last year to homeowners. In the Commonwealth of Massachusetts. They're the true experts in mortgage financing. Deal with the local bank today and call 8776917900. Or visit a liter bank dot com for all your home buying or refinancing needs 8776917900. 8776917900. Or visit leader bank dot com or email. Loans at leader bank dot com. Well best in business is right here. This is the financial exchange on the financial exchange radio that. Powell the poll was simply bootleg or photographers twenties to 1931. Yes he was in David Frum breakage new. And if you know where Al Capone used to go when he was on the run in Chicago I don't when the cops were after. He would go all the time effectively he he would go up to a place called boost job Cisco actually and they had this whole underground tunnel system. In whole underground city. In boost justice actually. And that's where Al Capone all the gangster from Chicago would go to moves. And hang out Hillary underground when there on the Lam and there that's where they would go there are safe Nazis couldn't find. Ice of that juror there the answer to your third trivia question. What was the term commonly used to identified the act illegally transporting liquor that's our fourth Turkey questioner text number 68680. With the term. Commonly used. To identify the acted illegally transporting liquor text number 68680. Let's talk about general because it leads into our next story and. Right Genworth Financial. They at this an insurance company and they had a little issue they were 844 million dollar loss in game. In what would have been on their last quarter. This is a company that is has a lot of long term. Health insurance and long term care. Insurance policies out there and this is where we were going with this earlier that his company is in the process of trying to. You know re up on this and try to figure out how to sustain this business what's happened berries that'll live there eagle leader in that industry to try to be clear folks and long term care rightly that people. When you turn and Ole I get a lot solicitations from you know I'm a member army RP Griese gets solicited. To buy long term with Genworth writes a lot of missed they sell a lot of long term care insurance but haven't as a lot of people. Have purchased these guys and get this goes back to the whole idea baby boomers coming of age. And there are a lot of baby boomers were solicited. Is younger people are you by this long term care insurance. And I can understand why by the way because it does seem very attractive Sharon gave premiums were pretty darn low. And so a lot of people viable now a lot of those people are calling on vehicle and out on clay yes. And these companies that sold so many of these policies. Can't afford. It all the claims they're losing their shirts so now they're jacking the price is right and aren't. And what happens if you own a long term care policy and chances are you party experience this but what happens came in that instances. Let's say you sold. A thousand policies in Massachusetts. Now what Genworth will do is they'll go to the commissioner of insurance Massachusetts and I will say. Look we sold thousand policies in the common. And 500 those people went out and claim and we're lose in our career and gone on Bassett chair policyholders and they. Apply to Massachusetts. To raise the rates and this is what's causing a problem because. You bought the policies that lets 200 dollars a month that's a lot of money that I can afford it sure in the agent told you out to underdogs but then you know. B agent probably told you that it might go opera could go up Sunday but you gotta hurt. Right and everybody bought a 25 years ago so you're not early in new warning that enough north they get a better making agent didn't. Can remember the guy that sold you that long term care insurance policy got a commission you that right that that's how they get paid and another Ronald and it it just. Telling you though what happens so. Now Genworth is gonna go. To all the states in the country. And they're gonna say we need to raise premiums and the insurance commissioners they'll be some back and forth in and they'll negotiate how much their lap race. But. They have to because I'm looking at their stock right now him it's trade it's seven bucks a share so if you've got to Genworth policy that's what I care with the stocks trade. With the go bankrupt America paid clicks right and there are Aaron at seven dollars and 91 cents a shares they're down 8% today. They are losing. 56 pennies a share. So when they say they're gonna restructure that means that. They're gonna raise your rates and you if you have a policy with Genworth if you have an already had a very recent rate increase. And chances are here here probably look at it. Company saw increases averaging about 50%. Now. Here's what what I think kind of burns me about this. That it just seems to me that if you've held your policy for certain amount of time and you still have not gone unclaimed. That your rates should not go up I if I don't know why it's right if Europe you know what a lot of people did that were Smart used to be able to Arab peace though Canon. Used to be of the say. I'm gonna pay it up in ten years racy body in it you're gonna retire in and you said I'm gonna just get this over within ten years instead of paying 200 a month or hate 400 a month. Might be you knew you were done in ten years we you've then got paid up policy you're finished that your big hit comes back and raise your rates if you've already painted up. But if you were paying in every month mode and very few people could afford to do that that's right so most people in what they did was decent paid 200 a month. One of the dark 200 dollars a month is 30400. Vibe that I'm not talking about small increase in these. Price premium increases if he hasn't really. Well then you know you're this far in the gig. Andy when he lapses you have to land the role and own their anger that far Ian. A lot of these and their on that by the way. And a lot of these people are gonna collapse those into that's why some of these people should be grandfather did he get past a certain age you've paid for certain amount of time. You know it just feels like to mean they should be grandfathered in the same rate that they that they party aide on a moral level I agree with you but it did that humid our company the bag now and then and then they get in in that nobody gets. It's. So if that happens to. Let me just tie it at what your options you could switch you it's they wanted laps my general policy and moved to some other companies in the better deal. Chances are that other company won't keep you better deal so being here before you lapse that policy and after a tiring. Don't your existing long term care is very unlikely Bynum better deal but switching to a company. I think you can do. Is you could say look I just can't forward. The increase well you can reduce with the policy covers that's that's a year only game. He had this edition of raw used to have a 6000 dollar monthly benefit east how to 175 dollars and 175 brigade and it. And reduce and a 120. That your your options are somewhat limited but boy hopefully lancet if he can possibly avoid it. I know and I just I I hate to see somebody slaps a darn thing you know. The many laps that that's when you are a lot of play in the Dominican lefty either fall ill and that's what's gonna happen absolutely right so we have some news out of the Postal Service. Yeah these this no this is important stuff actually this important this is there info about their own deal fine line you have to via. There is. You know every year. They put other deadlines for the holiday and you need to know this so let's just run through real quick so keep this in my folks number one if you've got. If you've got somebody overseas who's serving in you wanna send something or maybe got family. Who are overseas and you need to send them something December 2 which gets here real quick. That's first class mail international priority mail international deadline for getting their by the holidays can so getting your guide you know about the 24 25. December 10 is priority mail express for international. Then December 15 is standard post office. And then we have December 17 which is global expressed guarantee he. December 20 is first class mail priority mail domestic and then finally the 23. Is priority mail domestic if you have to get something somebody across. You know a kind of like its era they're going to be work in seven days a week yeah post office is going to be open seven days a week. In the post office I I I will believe this when I see. They're going to be open on Christmas Day. The 4000 and you know they they are this year and they are the Postal Service is going to be delivering packages on Christmas Day. Really I cannot believe it. That's that was announced and. You know what that tells me is that the Postal Service is saying hey we have to compete with Amazon yet to compete with UPS and and and you know they're the. There are throwing down the gauntlet down and they they have to compete date they are recognizing. The challenges that they face. And I don't know who's run of the deal with now but. It's now that's a demonstration to me that there make an effort. Yes they certainly are going as we keep hearing about you know like Amazon values in taxis when they see they're going to be this is there in the race. Mean don't be I guess the people who really really benefit from all this will be us as consumers. Can we just tell the RadioShack story this is the record. I think David you get a get a tournament Conte weigh in on this. A base as we all know me you know who he is I don't RadioShack absolutely just. You know it'd they're they're they're on their last stand of their last stand of their last. We're we're a day when you look at tell me please Wear their stock is today while I and I can tell you attacks. It's 97 cents a share right that it let me tell you about the RadioShack story. Speech for the they're 97 cents a share and they are losing. Three dollars and 97 cents per share. I'm like so they are losing more money than they have. And the whole company's work. Okay so what they've decided is that got to give it one more shot at the holiday season so they've gone out to buy themselves spokesperson and they have decided the person who will save RadioShack. Is weird Al Yanukovich. I. Wouldn't laugh at that. I'm not going to that's the problem I'm just saying weird Al had the number one album in the country at a point this year. I guess he did yes he did it for a while everything about these things he had a new album and it was number one I swear. Well obviously you know it didn't compared to what this past week that housed a number one. They're out at some number one at that the records and selling well I just its values it's. A spokesperson for. For RadioShack says that. He tech savvy Smart and a social media Guber and ridiculously attractive. And government particularly attractive in and in the words of Dick you know when it traced. According liquor during prohibition was known as bootlegging I don't know who the knew the answer to that there are a lot of evil bad and I hate guys have a great weekend we'll see you Monday. I.