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Holland on The Ed Schultz Show! :)

Re: Hear? Hear?

Holland Cooke said:
N1WVQ said:
HERE! HERE!

At my 35th-year high school reunion:

SECOND-most-envied classmate?
Clue: The only Spartan to show-up with a State Trooper BODYGUARD: Vermont Governor Jim Douglas.
(Sat next to me in home room in junior high school.)
(Broke-into radio with me, summers during college, at WHYN/Springfield.)
(GREAT guy, and SOLID newsman who chose-another-path. Did well.)
(Around-the-time Sarah Palin quit her job, Jim announced he'd not seek another term. Difference being, he'll finish his.)
(But I digress. And praising a Republican here will confuse my fans. :) And DON'T tell Ed! :) )

MOST-envied classmate?
A just-retired Teamster.

But you're saying that, after-driving-truck for 30 years, he should NOT get the retirement benefits he was promised when he committed to that job on-the-front-end? How many workin' folk in East Providence would think THAT?
Well, since I grew up ½ a mile from "Da Teemstiz" hall next to Martin Jr. High & am FROM E.P. I can tell you they're mainly from out of town. In this day & age what was promised 30 years ago can't be banked upon. I'm going to be 31 next month. I'm not going to have social security nor do I think it's the responsibility of people just now being born to look after me when I turn 67. So, I'm saving for retirement, have a 401k & am looking in to C.D.s (certificates of deposit, not the shiny frisbee kind). I have to rely on ME! Now, as for my uncle, he was a transporter @ R.I.H. for many years. He had a good salary & benefits plus a lot more vacation than when "DA YOUUUNYUN" came in. Plus, seeing the abuses of the system the state workers do makes my blood boil.

Wellp, this is gonna get moved to T.I.O. anyway. Anyone watch the debate last night? I only saw a minute of it.
 
"Sock it away!"

N1WVQ said:
In this day & age what was promised 30 years ago can't be banked upon.

Amen!
And LOTS of industries are getting slimed.
Airline pilots REALLY got screwed in give-backs.

N1WVQ said:
I'm going to be 31 next month. I'm not going to have social security nor do I think it's the responsibility of people just now being born to look after me when I turn 67. So, I'm saving for retirement, have a 401k & am looking in to C.D.s (certificates of deposit, not the shiny frisbee kind). I have to rely on ME!

VERY wise assumption.
'Hope that you're wrong, but plan-on-being-right.

I was just making this-very-same-speech to a nephew of mine who's your age.
"Sock it away!"

The Future seems merely conceptual to folks-your-age.
It'll come!
Old-farts-my-age may be the last to slither-under the Social Security limbo bar.

N1WVQ said:
seeing the abuses of the system the state workers do makes my blood boil.

That math just doesn't work...and most states are in DEEP doo-doo. Texas governor Rick Perry is staring-down a (grab the arm rest) $18 BILLION dollar deficit. No state income tax there, and nobody dares to even think it. Imagine?

State workers are an easy target, because in many states their deals are often better than private sector benefits. An acquaintance who went-to-work-for-a-state tells me that many-of-the-people-he-encounters DO validate the "state employee" caricature. But politics cements the status quo in place.

IMAGINE if all the righties who were clamoring for letting-people-move-their-Social Security-dough-into-the-stock-market a few years ago, before the crash, got their wish?
 
To keep this out of T.I.O., I replied in a P.M..

I listened to 15 minutes of Schultz once a couple of weeks ago. 1320 didn't make the switch @ 10 so the 'ZN feed was on until 4. Stephanie Miller was also on earlier in the day. It's been too long for me to give an honest opinion of how I thought the show sounded so I'll have to do that the next time this happens. On the other hand is 1320 the only commercial radio station airing Democracy Now? Just wondering aloud.
 
This topic of retirement planning, investing for retirement, the viability of Social Security for future years gets a lot of discussion in Talk Radio. Let me share with you why I get a bit feisty sometimes about how the industry deals with the Talk Radio programming content.

We finally got the kids out of the house and became empty nesters. My wife who had for years had been a stay-at-home-mom took a job temporarily to help with those education expenses that got the kids out the door. She ended up with a job at a company that had a very lush 401k scheme for matching funds. I was working for my first employer who had a coherent retirement plan but it was skinny, skinny, skinny by comparison.

She began putting away the maximum amount possible in here retirement plan and collecting the more generous matching funds. I put aside a more modest amount that milked the most of my employers modest matching funds. For the first time in our life we could see a little light at the end of the tunnel.

I had become a spread-sheet whiz-kid so I built a very intricate planning model. I had a place where you could enter an average investment earning rate. Say 7%. I had a place where you could enter an average inflation rate. Say 4%. By changing those two numbers you could create all kinds of possible future scenarios about the amount of money that would end up in the honey comb. Using those same numbers following a predicted retirement date, you could create all kinds of possible buture scenarios about the OUTFLOW of acculated money during the retirement years.

I did research on Social Security. How much had we paid in through the years.
Based on that and some projected income for future years, I calculated what we could expect to receive each month from Social Security. I calculated what the hit was for taking Social Security at age 62 vs age 65 vs continuing to work and not taking Social Security until age 70.

I calculated what a person would draw from Social Security if they had made minimum wage income their entire life. I calculated what a person would draw from Social Security if they had paid in the MAXIMUM contribution their entire life.

Here is one of the questions I wanted answered: How many years did I have to live and collect Social Security to get out of it every dime I had ever contributed. How many years did I have to live and collect Social Security to get out of it every dime I had ever contributed PLUS EVERY DIME MY EMPLOYERS had put in as matching amount. Then I did the caluculations assuming I had privately invested all my social Security and all my employer's matching funds and calculations assuming various earnings rates on the money through the years.

O. K. This is long enough.

I have never, never ever head a talk show discussion of Social Security where the host or a guest expert gave Social Security information that even resembled reality. I constantly hear on Talk Radio that you can never live long enough to collect what you put in. That it is a Ponzi Scheme that cheats us out of what they took from us.

Try SEVEN years. If you live longer than SEVEN YEARS collecting Social Security, you begin collecting money you never put in. That is the problem Congress has to deal with. Some of us have hopes of living long enough that we will be living on retirement income for 15 to 25 years.

What is wrong with Talk Radio that the participants can't come to grips with these numbers? What is wrong with Station Licensees that they don't demand this kind of integrity from their programming? How can we 'herd and corral' the Talk Radio genre into speaking with integrity?
 
Goat Rodeo Cowboy said:
What is wrong with Talk Radio that the participants can't come to grips with these numbers? What is wrong with Station Licensees that they don't demand this kind of integrity from their programming? How can we 'herd and corral' the Talk Radio genre into speaking with integrity?

Here is the problem. The people programming radio don't care how factual the host is if he or she isn't entertaining enough to hold an audience. This is why you end up with a bunch of numbskulls on the air. Hosts with agendas. People like Rush Limbaugh who will twist everything up into a giant pretzel as long as it will make liberals and democrats look bad. Radio stations don't care that he's full of hot air. They only care that he can pull in listeners. Talk radio is NOT always right. Unfortunately programmers don't see right or wrong. Some people are color blind and can only see black and white. Well programmers can only see ratings. Those come in one color. GREEN
 
Don't lose sight of the fact that radio is primarily entertainment.
Yes, all-news stations appeal to news junkies for whom news is entertainment.
Nobody is forced to listen to commentators; not even back in the bad old days of the so-called "Fairness Doctrine" when there were commentators, mostly with a leftward bias, like Gabriel Heatter, Walter Winchell, Alex Dreier and others who were plainly labeled as commentators but somehow (consider what party was in power at the time) escaped Fairness issues.

Limbaugh ain't news.
Beck ain't news.
Schultz ain't news.

They're entertainment.

Of course there are those who prefer that radio be confined to "facts".

But who gets to determine what "facts" are "truth"?

Some faceless bureaucrat?

Don't fix what ain't broke!
 
The best place to get facts is ALL NEWS RADIO. Not News/Talk Radio. I mean only NEWS RADIO. WCBS-AM, WINS, KNX. Stations like that. Because once a station starts hiring "TALKERS", that is when credibility goes out the window. Things become a lot less about actual facts and more about a mish mash of opinions.
 
Skynet74 said:
The best place to get facts is ALL NEWS RADIO. Not News/Talk Radio. I mean only NEWS RADIO. WCBS-AM, WINS, KNX. Stations like that. Because once a station starts hiring "TALKERS", that is when credibility goes out the window. Things become a lot less about actual facts and more about a mish mash of opinions.
So what airs on WPRO/WEAN-FM & WBZ as "news" is really just opinion? Sorry, not buying that. I think WBZ does a good job reporting news as does WPRO/WEAN-FM's news staff. However I do agree that the all-news stations do a credible job. I'm more likely to go to them to find out what's happening instead of TV.
 
What I am trying to say is that the NEWS on News/Talk radio is fine. They do a good job. But the talkers with their opinions sometimes overshadow the good the News department does. Then you end up with a station with half facts and half opinions. That just confuses the listener. When you have a station that is 100 percent news, there is much more credibility there and less chance of listeners being swayed or confused by the other crap that's on the station.
 
I think both scenarios are true: there are the listeners that understand the difference between the news at the top of the hour and the talk shows that follow it and then there are the dolts that don't get it. The same kind of people who call a radio station when it goes off the air & then asks why they don't make an announcement that they're off the air. But, I don't think the news team of WPRO has a credibility problem when it's won many AP News awards.
 
With all due respect to the folks I worked alongside there way-back-when, I think WPRO News has sounded better in the last several years than at any other time in the 40+ years I've been listening to that station.
 
Was on again tonight. Not sure if it was a rerun; but got home and flipping thru and his mug is staring back at me....
 
Re-run? Bite your tongue!

I was already booked to do the TV show because I was going to be in-the-building @ 30 Rock to guest-host Ed's radio show that afternoon while he was on an airplane. So they were planning to have me weigh-in-on whatever-story-du-jour turned out to be...i.e., here's-what-I'm-hearing-talk-radio-callers-say.

Serendipitiously, the day's big story turned out to be ABOUT talk radio:
http://www.msnbc.msn.com/id/3096434/vp/38698726#38698726
 
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