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You told me you wanted to read it to understand him better, but go ahead. Move along. A rabbit. It's not that often that I receive a small furry animal in the mail from a coworker, but I'm still...
Here's the deal. Here's the deal. You wanted a rabbit coat. I'm not getting a rabbit coat, but I got you a very soft stuffed rabbit because I have 400 of them as a new parent now.
And I felt like it was a nice... It was sort of a comfort rabbit for you. It's very soft, is that correct? It's very jelly.
It's very nice. I give it to my nine-year-old and he has it in the zoo that is his bed every night. Fantastic. That's your rabbit, Scott.
It's the thing you give before you give a rabbit coat, which you keep demanding for me for some reason. Something to do with your parents and a rabbit coat and everything else. And I thought I would start off by giving you a rabbit to start with. I thought about a live rabbit.
I thought about a boiled rabbit. Like if we're in fatal attraction, I thought about a lot of rabbit situations. I just had a gangster idea. I'm one of the jerks that's abusing the FAA system and has turned my visa into a comfort dog.
And I have a special harness that says comfort dog. I'm going to put it on that toy little stuffed rabbit and take it on a plane with big... with big Jackie Onassis glasses petting my stuffed rabbit. And having a...
I know he might comfort rabbit. I don't believe you do that with your dog. Are you kidding me? They're not onto your ridiculous scam.
They're not... God. It's... Unfortunately, because of you, I'm being recognized on planes now.
I like to get on planes last and people go, hey man, I love the podcast. I'm like, do not talk to me on public. If you hold a rabbit, they won't. I do not deal well with praise.
You like being famous. It wasn't there. You'd be so sad. There's a lot going on.
There's a lot going on. It never stops. It never freaking stops. This is like a crate.
I literally slept all day yesterday. But here's the deal. Here's the deal. There's a lot going on in their platforms.
Yeah, that's right. What do we think about this? Well, it's just to think the most powerful network in the world with the greatest reach has decided that it's now a war of disinformation, that we have truly become kind of Kremlin-style propaganda. This is indefensible.
I believe that every movement, absolutely every narrative, every word, every action, every coffee or latte that's poured at Facebook headquarters is all headed towards one direction and that is how do we make Facebook shareholders wealthier regardless of the teen depression, the damage to the commonwealth, or how it tears the fabric of our society. And to a certain extent, I get it and that's why I own their stock. And we have a serious, you know, a factless administration, lawmakers at the CDOJ that won't step in and say, look, you know, there's been a fairness in advertising, political advertising act on the Senate floor for a long time. And because of the freedom caucus, we can't get this basic IQ legislation to this.
So I think it's really disappointing. You talk also a little bit about, I mean, when they announce what a shocker, they're not going to do anything that gets in the way they're making another nickel. They controversy around Vogue. Did you see what happened with the Facebook platform?
Yeah. Can you go? What happened? Yeah, that was a string.
Well, in this case, I don't blame Facebook. Look, all these companies try to buy those infomercials essentially. They put it up, like it was a real article, interviews with women who work on their elections team, including Katie Harbeth and some others, very lovely picture of them, you know, one of those Vogue kind of pictures. And then a story that was largely laudatory about their incredibly extreme efforts to work for our people, you know what I mean, that kind of thing, which is, look, if it's editorial content that Facebook buys, I don't want Facebook for doing that.
I fall kind of asked for not lately, directly. And then, you know, it's interesting to see that Facebook's trying to look nicer in the press, essentially. That's an interesting thing, but what a surprise. They think they put a thing on it and then took a thing off of it, saying what it was, and then it disappeared after people like Sheryl Sandberg had tweeted it, which again, I don't fall over tweeting it either.
Like, you know, it is what it is. It's a positive story about Facebook. And so anyway, it just looked, it was a bad look on cutting ass, but you know, the fact that we think some of these magazine companies and things like that don't do this constantly is kind of on us, but they do. And so they had to sort of apologize and Teen Vogue, which had sort of a real blooming for a while there under their editor who left, is now just online, remember they closed down.
It was a project of winter to start it's in the first place, and now it's just an online publication. Anyway, it was just another, well, well, you know, just the constant degrading of our standards pretty much. Yeah, it reminds me, I was interviewing Josh Brown, who I think is really impressive, is the CEO or president, or CEO, maybe of Ritalts Management, and I was just indignant about all the internet analysts from these investment banks that were about to write a buy on WeWork, an evaluation of $40 billion. He said, Scott, get over it.
Everybody who knows anything knows that these companies aren't in the business of honest analysis. They're in the business of pumping and marketing these stocks. And when you're reading Vogue, I mean, they're not in the business of journalism, right? Do you remember when they did this fascinating story with this spread, this kind of glamour and rama shot of Marissa Mayer?
And then what do you know? It was announced a few weeks later, or a few weeks before, that she was, yeah, who was sponsoring the Met Ball to the tune of $3 million. Yeah, yeah. So the notion that there's a wall between journalists and advertisers, no, there's not.
There never has been. It's not even a curb. And the reality is it's paid to play about the moment Netta Porte went into competition with these guys and launched their own magazine porter, which actually makes a pre-world on magazine. They stopped writing puffed pieces on Natalie Masine about what an impressive female leadership is.
So yeah, I kind of agree with you shame on us, but the notion, it just seems especially brazen to have an article. I mean, some editor really had to close their eyes and put their hands over their ears and say, okay, we're going to talk about how Facebook is helping protect us. Right. And then the second thing they did was announce this whole deep fake videos, which they were yesterday to do a lot of announcements out of Facebook this week.
Facebook also said it's banning deep fakes, which allow videos to use AI to change what figures in a video are saying. You know, they got, came under fire for that manipulated video of Speaker Pelosi that made her appear like she was drunk and slurring, unlike the speech that Trump gave the other day. You know, he looked like he was on Adderall, which is what the internet was talking about. But it still was the minimum they can do and it wouldn't have pulled that video off because it went through a fact checking process and then they labeled it.
And so this minimum effort by Facebook and maximum effort on your part to figure it out is part of their plan. Like, that's to me is the most depressing part of this big thing. They will. I'm pretty sure.
And they're already doing it. They'll announce that, you know, deep fakes are a threat to our democracy. And we're going to run some shitty software that catches 3% of them. But what it is is a following when an illusionist is on stage, he or she will create a distraction such that you don't see that they're about to fool you with the right hand, right?
And that's what the deep fake, the deep fake quote unquote fix from Facebook is not as an illusionist trick, a distraction from the fact that politicians can lie and whoever has kind of the backbone of the lack of moral clarity or whatever bad actor has decided to lie on behalf of someone else on this platform and leverage, leverage kind of what's scary that a lot of the content you get from Facebook is from other people you trust. So something's forwarded to you from your mom, right? And it's an ad and it says this is a political ad that looks like it has some production quality. You're just sort of inclined to believe it.
Even if you know it's fake, a little bit of the message will stick. That's the real damage here. That's the real, you know, again, that's why again Facebook plays a different set of rules than some of some of the other folks who we lean on for information and why Facebook, I mean, it's just sort of a, it's emblematic of how just incredibly damaging Facebook is and again, buttresses this notion that Mark Zuckerberg and Shiel Samberg will go down in history as the people who've done the most damage while making the most money in the history modern business. You know, interesting.
I was debating that there was a story in the Times about Rupert Murdoch's publications in Australia trying to, you know, not to blame arsonists and something, I don't know, whatever matches for the problem in Australia. They're terrible, obviously climate change and do problems in Australia. And the, you know, I was trying, I think I tweeted something like, I think the most damaging person is this man, like who continues to like everywhere he goes to his hate, disinformation and damage, real damage. Rupert, your old boss?
Yeah, it was just sort of like, it was, it was going to be my fail, but he, to me, they're the most damaging because they do it on purpose and it was such, but this is something else that is so disturbing because they do think they're right about what they're doing. Rupert Murdoch knows just what he's doing, if that makes sense, you know what I mean? Like, and so it's just an insidious situation. I don't know what to say because I agree with this.
Nothing Facebook is doing is just as bad in lots of ways, you know, but it didn't prevent a government from doing anything about fires like that are actually hurting, killing billions of animals or billions of animals in Australia. It's interesting because you're more, you're hopeful about big tech and we're kind of hopeful about Fox because I've gotten to know some of the people there and I like them I think at some point they occasionally throw up their arms with Tucker said about the bombing in Iran. I thought that was a moment of integrity. I think Neil Cavuto has tremendous integrity as a journalist.
I'm more hopeful I think about Fox and you aren't being known better, you work for them, I didn't. But the problem with an administration, there's an attention graph and attention arguably is our most valuable resource and unfortunately we're allocating too much of the most valuable resource in the world to these dumpster fires from an administration that just wants to be in the headlines every day and such. We can't focus on things like income inequality, we can't focus on, you know, trying to put a man or a woman on Mars. We can't focus on how we solve global hunger and malaria.
We have to focus on what stupid thing the administration has done in the last hour. And one of the things I did last night was I went online to read a little bit more about, I mean, we have a continent that's on fire right now. And what's interesting is it's climate change, but it's also weather variability that's like the mother of all bad things have happened to Australia. The winds from the Antarctic are late this year, the monsoon rains came early, so not only is the place dry, it's not wet, there is climate change, but it's also the perfect storm of kind of bad natural things that have lived this country on fire and I have a bit of a rant here and this is just because I want to cause a lot, I want to have more people hate me on Twitter.
But I think about 40 people have died, 40 humans, let's call them 40 species of the human to die. And they estimate approximately a billion animals have died, right? So what's the difference among these species that, you know, we're a billion dies and for only 40 million and it's largely because we as a species have access to more resources and more information than animals who get caught in, you know, burn alive, right? And I'm convinced that effectively what we have is our society run now by baby boom generation, the most selfish generation in history across Western society has effectively decided that they're kind of, they're comfortable and they're down with climate change.
We'll talk a big game about it, but at the end of the day, we're comfortable because I think implicitly leaders and wealthy people are people who are middle income have decided that climate change will impact the people with the fewest resources and options among our species and that you and I, Kara, and again, this may be wrong, but I generally believe it. I think climate change is going to be on a massive level in the next 50 years, but I think you and I are going to be just fine because we have resources. Of course. I mean, I've heard of Kansas, Florida.
I call my family. I'm like, no, don't think about it. Just get out and they're fine. And then Katrina hits who gets hit hardest to pour.
So I think we've made a conscious decision globally that we're down with climate change because fossil fuels are incredible, incredibly creative in terms of shareholder value. I think you're completely wrong. I think you're completely wrong. Young people.
We have a listener male about this. Yeah. Great. But it's nothing but a transfer of wealth from the poor to the rich and from the young to the old who I have to deal with this shit, choking on it and be, I think we've effectively sang to the world that if a billion people get displaced and slowly get murdered because a typhoid, malaria, diarrhea, whatever it is, we're down with that as long as the three billion who are the wealthiest can continue this incredible arboran fossil fuels and what I don't like about Democrats is this bullshit narrative that all the requisite investment we need to make to move to a carbon neutral world is going to create jobs and be economically creative.
No, it's not. It's going to be expensive and it should be because it's important. But anyways, another massive transfer of wealth from the poor to the rich. You like that transfer of the rich to the poor.
That's my narrative. You know, it's been going on since the beginning of fucking time. But okay. All right.
Fine. There you go. Where don't the rich do well? I mean, honestly, every place, every, oh, please, listen to me.
We're going to throw to the break after this. But I just want to mention one last thing about the, I'm going back to Facebook. There was an essay by a memo by Andrew Bosworth, who also in this area about saying how much he wanted Trump to lose, but that we shouldn't stop him from winning this time, the Facebook. And he was talking about not wanting to do anything possible to make him lose, and yet he would not do it because he compared it.
Let me just read this quote because it was too much to Lord of the Ring. He goes, I desperately find myself wanting to pull any lever at my disposal to avoid the same result. So what stays my hand? This guy thinks he's a writer.
Whatever. I find myself thinking what stays my hand. Thinking of the Lord of the Rings at this moment, specifically when Frodo enters, offers the ring to Glidreal. I don't watch this that well and imagines using the power right just at first, but knows it will eventually corrupt her.
If you ask it of me, I will give you the one ring to be freely. I do not deny that my heart is greatly desired this. And he's apparently spelled the name of this character with an A, not an E. As tempting as it is to use the tools available to us to change the outcome, I'm confident we must never do that and we become what we fear.
Listen to me, Mr. Bosworth, you don't have to have fair things. You don't have to like push it towards Trump, but what you can't do is you create a situation where it advantages him. This is my rant.
This is just like Mark's free speech speech. This is bullshit, Andrew Bosworth. This is ridiculous. Your thoughts for 2020, to me, are all about someone who just doesn't have any kind of, can't think critically.
It's just astonishing. And you can talk, you want other shortcomings to Facebook and you're late to do this, but the fact matters, you didn't do your jobs and keeping your network clean. It has nothing to do with you intervening in the election because you have this ridiculous Jesus complex of power that you don't have. It reveals so much about Facebook and the people who run it more than it does about anything else.
And so I have to call bullshit on this ridiculous essay. I like Andrew Bosworth. I like Andrew Bosworth, too. I'm disappointed.
You know, after a great college career as a linebacker, he failed in the NFL and then went on to be a mediocre film star. Oh, wait, that's a different Bosworth. But you know what? Pop references are very important.
You know what? You and I have been paid a handsome bounty by Trinett and Mac Weldon underwear to go after people. Total bitches that are full of shit. So Mr.
Bosworth. That's not coming for you. Mac Weldon doesn't do that. Mac Weldon doesn't do that.
My kids love those underwear. Let's just say Mac Weldon's underwear is excellent. Facebook's efforts here are not. And any reference to Lord of the Rings makes me want to just, I just really want to lose, I lose it when I start that bullshit.
It brought us to be the Morgan's and that guy's a movie star. Eastern Promises. Great movie. Okay.
All right. We're going to take a break. We'll be right back with Listen or Mail. It's about it.
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Try Odo for free at Odo.com. That's O-D-O-O.com. Scott, we're back, and we're going to go right to listener mail because of a listener question from someone in Australia. So let's take a listen.
You've got to keep the lead. I'm going to be a mailman. You've got mail. Hi, my name is Rob.
I am in Sydney, Australia. As you might have seen in the media, Australia is fighting some of the worst fires that we've ever seen. Around 40 people have died or are missing. Millions of animals unique to Australia have died, and 50,000 square miles have gone.
We also have a climate change denying government who have dragged their feet in response to this catastrophe. Given we are more likely to see natural disasters in the future. Is there a place for tech in responding to them? Well, that is a good question.
I like your accent, too, Rob, and Sydney. Doesn't sound dreamy. It sounds sad and dreamy. Don't want to comfort him.
Send him around him. Listen to me. This is a serious reason. Yes, I do think.
I do think there is a lot of, not just the right thing to do, but there's a lot of money to be made in whoever figures out these climate tech issues. There's all kinds of different technologies. Right now, a lot of the tech is around cleaning up, essentially moving carbon from the atmosphere that's already there, cleaning the oceans, things like that. A lot of it is stuff that's, to me, not really the point.
I think the stuff we have to focus on, you talked about using fossil fuels, is these technologies that do not use that and have different ways of creating the kind of things we want. The other thing is the ability of certain tech to watch and know what's going to happen in AI to pattern it. There's all kinds of different things going on with materials. There's all kinds of solutions from tech, none of which is sort of the silver bullet.
But there's not a lot of money put to this. The only two people that are really investing from a big point of view would be Bill Yates and Elon Musk. Yes, absolutely. Beyond the stuff of Facebook is doing crisis check-in and things like that, there's all kinds of things that tech could do and is not doing to make this a better planet.
Yeah, I worry, Cara, that I worry that falling back to the capital of solution and waiting for the next Elon Musk to address the world's most urgent problems creates cold comfort and creates a good stall that is dangerous. That is, if we just expect that we're going to find a company, an individual to come up with a great idea that will create trillions in shareholder value and will come up with some elegant, easy solution to it. I think it creates a certain level of dangerous complacency. And I think around climate change, we're just not getting around it.
It's going to be really expensive and we need our leaders to stop irresponsibly allocating capital and essentially creating a policy that reflates asset prices with incredible debt that is nothing but a transfer of time with families and loved ones from our grandkids to us and to behave more responsibly and have an adult conversation that, hey, if somebody, if some kid from MIT shows up and comes with a solution to clear the plastic out of the plastic, make him or her a trillion or. But until then, let's assume that shit is going to be hard and expensive and that we're going to have to pay for it and the government is the one. And just as they arrested the AIDS virus or helped with that, they invented the Internet with a massive investment in technology through DARPA, just as they made a massive investment to turn back Hitler, we have to make a massive investment as a society. And it's going to mean we're not going to have as many Hershey bars to be able to get a stake, which is what happened during World War II to address this war on climate change.
But I worry, and I'm not accusing you of anything, but I think we have to be very careful to believe that technology and shareholder value and capitalism is going to fix this. I'm trying to appeal to anything. They're greed is something I'd like to appeal to. I like to make more investments here to make breakthroughs and things like that.
Because I don't think the greatest minds are being applied to these issues as they should. That's right. That's what I mean. It's that, look, if you're not going to do it because it's the right thing, if our government's not going to do it, maybe you'll do it because you're greedy, like material sciences or, you know, there's all kinds of ways to handle this.
It's, you know, it does get to a point where we have to like live a certain way. You're right. You have to change the way you actually live unless there are technologies that we didn't think there would be technologies of trains of planes of anything else long ago. I just think the stuff we can't imagine that we should start to imagine.
And that's what I'd like to see. That's why I'd like to see it, you know, as research projects and things like that. I think it's the long past time that major tech people should get deeply involved in this issue. And they're not, they're not there in a way that they need to be.
That's why that was my point. And I was trying to appeal to their feeling in the world's first trillion. Anyway, thank you very much from Sydney. Rob, we really appreciate it.
Thank you Rob. The best of luck. We stand with Australia. Have you been to Australia?
Yes, many times. It is. Talk about an interesting, maveric, fun, impressive people in places with incredible natural beauty. We're going to go to Australia within 48 hours.
You're like, okay, I want to move here. I want to live here. And then within a week, it's just too damn far. We would all live in Australia if it wasn't literally on the other side of the world.
My nephew lives there. And I love it there. Great nation. Now he lives in Sydney.
It's wonderful. All right. We're going to go to wins and fails. You know, one of the left behind was CES.
My fail is obviously the consumer electronics association with Ivanka Trump talking about tech. Did you hear anything about the speech? I haven't heard anything about it. It just was well.
Nothing. Nothing. They wanted to talk about, actually, address this issue around STEM and everything else. They should bring in someone who actually was the expert.
You know, someone's daughter talking about things, like whatever topic she wants to. It's just the president's daughter's just not. She's not qualified to talk about this. And it was one you're talking about retraining and this and that, which is one of her areas.
I just, so there's so much nepotism and lack of qualification. I don't know where to begin. And it just is typical. The CES, I was there for a very brief second, not even at any of the CES events, doing something with Snapchat, but it just is really, it was just another step that this is the most relevant gathering around and nothing really much happens there.
It used to be a big deal. Yeah. So you think CES has lost some of its value or a luster? Yeah, lost, completely lost.
Things don't come out that way. People don't make announcements. It's such an old, antiquated way of doing things. I'm sort of like, you know, let's get the wagon out of it.
It's just not the way people do announcements anymore. And they do some of them, but it's all stuff you already knew. None of the really important companies go there and they don't make their important announcements. They save those when they want to make them right instead of waiting for one time a year.
And then just being in Vegas with all those people at the one time. They do get players. I mean, so my question is, I've only been once. It was ten or five years ago.
And every year I'm going to go because I need to learn more about specific technologies. And I want to go because the dog likes to roll in Vegas. He's a lot of fun and it craps people. I knew it.
I knew it. I knew it. But they must be doing something right in their defense because they get a lot of players. I know a lot of people that go to Vegas and you see the biggest names or some of the biggest names intact go there.
So what are they doing? Right. They're going to say advertisers. No, I just think it's a gathering.
The certain quiet gatherings off the side are the really helpful ones, I guess. But no, there's absolutely nothing happening in tech there as far as I can tell. They did have a really interesting discussion. They had some FTC commissioners and others sort of going back and forth on regulation, but that happens all year round.
You know what I mean? Like this is not a particular place to do. I think it's a place to meet advertisers and to, you know, if you're selling certain things, you know, certain electronics, it's fine. But in terms of being the most, the place where things, the big announcements are being made, it's just not.
It used to be that. It definitely did. And before that, convex for computers, but it's not anymore. It's not.
It's just not. But, you know, bringing a vodka truck is so cynical. And this is a group of people that many years ago did this thing to get me interested in tech. They had a display of pink colored technologies.
And I just, I wanted to kill myself. Kill somebody. I literally was like, I'm going to take, I'm going to run through this with one of the parties. I'm so bored of this.
I'm thinking about other things right now. I want to say thank you. I have a question. I'm thinking about the attention of turning on the lights when you're talking about a problem.
This is a total segue or a total, not even a segue but you brought, kind of illuminated for me thinking about two different issues I hadn't been thinking about. And I like that. I like the dog likes to be thoughtful. But when we were talking, remember I was thinking about a cinema, just when I was a win last week, on Austin space, and you talked about, I figure out the professor who was sort of the evil guy at the show and you immediately said, Oh, you mean the gay guy.
And you had brought up a few weeks ago. This movie, I haven't seen called the Cellular Clause. I'm talking about media. Did you watch it?
I haven't seen it. I want it. I will see it. You had basically said, and I was aware of this, but not to the extent that you kind of highlighted it.
As young people, young straight people, we were basically trained to think that there was something wrong with the gay community. And then I looked back at that show, and that guy was clearly, I mean, put an ask on on him, he was Charles Nelson Riley. He was clearly gay, right? But when I was watching it, it wasn't gay, it wasn't gay, it was also subversive, but it wasn't.
It was a parent, it was a subversive at the same time, where gay people always end up sort of either evil or silly or dead. 100%. The stereotypical effects of a gay man are associated with someone who's devious, can't be trusted, is bottom line evil. And I was thinking, I was watching that shit at the age of eight, nine, and ten, along with my favorite show, where a beautiful woman was asked to go to her bottle, and then we occasionally come out of the bottle and say, yes, master.
That's what I grew up on. And I didn't, you kind of, you brought to light for me just how insidious that kind of stuff is. And the second, the second thing you brought up, when we're looking at problems, we had a tendency, I think, to analogy, I would use them in a room with a flashlight trying to find answers. And I've been thinking a lot about AB5, and you sort of turned on the lights when you said, I think it was last week, a couple weeks you said, this is all about healthcare.
And that is if we were to figure out a way to get people access to healthcare that didn't bankrupt them or keep them healthy, we wouldn't be talking about the need for different classification of workers. And that was sort of an unlock for me. You turned on the lights when it comes to me. You're a wokarati as some dumb writer wrote.
Alright, I need your wins and fails. That was my fail. And the win is Harvey Weinstein going into trial. With a walker?
That guy in a prison as far as I can. You're ready to be housed, Harvey? Yeah, we'll see if he's weedles out of it. But the women who have done this are so brave.
And so even with this ridiculous backlash about it, there's been recently some writers, there's a book I'm reading that is irritating me to no end about this idea of things going too far. And I just think it's great that this has happened. Sorry, I'm just talking about it. That's my win.
What's your win and fail? My win is my favorite comedian is Michelle Wolf and she has a new show on Netflix called Joke Show. Love her. I think she's a genius.
I think a lot about how do you just articulate what genius is as a practice commitment. Malcolm Gladwell did an interesting book on genius. And I think also a key component of genius is being literally unafraid. Like you just never look in the mirror and worry about what you look like.
When I mean by that is Lenny Bruce said very offensive things. I think Richard Pryor was massively offensive at the time. And it was just these people are just unafraid. And I think Michelle Wolf talks about in a very vulgar way and I'm a vulgar person.
So I relate to her some of these issues that people don't want to talk about out loud. And I think she's hilarious. I think her comedic timing. I think she's an incredibly impressive, not only impressive comedian, but I do think she qualifies as a genius because she's just unafraid.
So it's on Netflix. It's called Joke Show. I think it's fantastic. And another quick shout out to another strong courageous fury woman.
Stephanie Rold just got promoted at NBC. She's going to be on the Jade show, which is kind of the hall of land every morning. But it is the super bowl of broadcast supported TV. And she's going to be doing more business reporting for NBC Nightly News.
I met Stephanie 12 or 14 years ago. And of course I'm turning this back to me. I got called, they accidentally called the marketing department and I said we need someone to come on and talk about Facebook. And I went on with Pin Fox.
So I love and Richard Bolton, who I adore. And then I started going on with Stephanie Rold and Eric Shatsker. He's like this super handsome, nice Canadian guy who fishes. I'm coming back at him in my next life.
But anyways, Stephanie took me with her to MSNBC and I do a bunch of stuff with her. And I just love the way talking about courage and fearlessness and not watching yourself. I think Stephanie is part of a dying group of people, what I call raging moderates. And she's unafraid and takes a lot of risks.
And it's just nice to see her career maintain that kind of trajectory. We will have her along with you at the Code Conference. There you go. Congratulations, Stephanie.
We're going to launch Joke Show with Michelle Wolf. All right. Fail, please. So my continued fail.
I've been thinking a lot about this. This concerted decision we've made. I did a post last week on my blog, Numeracy Nomalis, or ProfDally.com, called The Unremarkables. And I think about back when I was in graduate school, the tuition was $1400 and I got a job at 90,000 yielding kind of, if you will, a quick ratio ROI of NBA of 60.
And now kids are getting out of the high school, making somewhere between 125 and 145, which is an amazing living. But their tuition is 62,000, creating an ROI of two. And if you look at what's happened very loosely or crudely across the decisions we've decided to make or the voters and the people in power, again, baby boomers across the central banks, across the central banks, as we've decided in a global coordinated effort to massively reflate the economy at the expense of future generations with massive debt. And what you have right now is more debt.
If you took away the amount of debt we're making exceeds the positive GDP growth. So without this artificially inflated economy debt, we probably already be in recession because we've decided that we need to massively inflate current assets, which benefits old people. Meanwhile, we've let wage growth stagnate and we let tuition increase. So we basically said as a public policy across Western nations, you know what young people?
Fuck you. I have mine and I want to hold on to it. So the continued feudalism, the continued sharecropping of our leadership. We have decided to totally disinvest from future generations in the form of massive, massive increases in the cost of education, despite the fact that wages are the same.
Another ratio when I got out of business school, a house in San Francisco was $285,000. I got a job for like $90,000, although I decided to start my own company profits. We got a three-to-one ratio. Again, now let's assume $140,000, the average price of a home in San Francisco is 10x.
So everything that kind of gets in the way of young people starting camps, starting businesses, is essentially, we have literally declared war as Andrew Yang's book with the war on normal people. Yeah. We have a decision around in terms of how we create monetary fiscal policy around what generations do the best and the worst. The reality is you can be very ageist and we have decided literally to continue to transfer more often.
That's my rant. That's my fatalism of the current leadership. I think you're right. I think I think about the end.
Although I give everything to my children, I think you do too. Whenever they're even a sandwich that you don't have my sandwiches, everything else. But yes, I agree with you. I agree with you on this completely.
You know what really struck me? I did a podcast with my whole family this week, which was sort of a fascinating little insight. Enrico Dico? Yes, Enrico Dico.
It was the whole swisher family. And one of the besides lucky going on and on about, you know, you've got a vision into someone who Trump has manipulated and so is Fox News. My son talking about worrying about, he's about to turn 18-year-old worrying about being drafted. It was, I came out of nowhere.
It was really like... He's worried about being drafted. Yeah, because of the Iran thing. He was like, well, maybe I'll be drafted.
And I was like, whoa, whoa. I hadn't, you know, the fact that there's ways on him for this ridiculous, whatever happened last week between Trump and Iran, this whole, you know, this ridiculous, playing games was something that so serious was brought into stark relief for me. And when he mentioned that, I have to say, all right, Scott, you didn't do predictions on Tuesday so that you could dazzle us with your brilliance on Friday. No pressure.
What's your prediction? Yeah, I do have a prediction. So I think what you're going to see is, you know, there are massive, inbound attacks, cyber attacks on the U.S. and attempts to hack different databases or different kind of digital reservoirs, if you were digital caches in the U.S.
And I think you're about to see just an explosion in cyber attacks and hacks because if I were the GRU or the Mossad or I would the intelligence arm of the North Korean government, I'd be thinking, okay, it's not open season. But almost any cyber attack of any real danger or credibility, let's leave some breadcrumbs behind, let's execute the attacks through a VPN that runs through Iran and every national security agency, domestic security agency, is going to immediately default to what must be around attacking us, which has the double negative. I think it's going to embolden a lot of other foreign governments to step up and become more brazen attacks on the U.S. So that's the first thing that's going to happen.
The result is there's going to be a couple attacks that will work that will get a lot of press and you're going to see the stocks take a basket of Z scalar, Palo Alto networks and Cloudflare, none of which I have a position in, they're going to be up 20 to 30% this year as the cyber attacks committed by governments and bad actors that are emboldened by our shipper brains, catastrophic geopolitical decision called the White House. And you're going to see the stocks of cyber security companies go up 20 to 30% the next six months. That's a good one, Scott. That's good.
It has money and it has bigger world implications. That's a really substantive one. You always look supportive around my predictions and I thank you. Thank you.
I have one. I have one. I want you to think about it. We're going to talk about it on Monday.
Twitter and play. Twitter and play. Same more. By the way, full disclosure shareholder.
I hear things. Are you starting something? I don't know. I don't know.
I just feel like a lot of investors are looking at it. Looking at it hard. I can validate. I can confirm your thesis here.
Okay. All right. It's the same work as I feel funny talking about this. I want you to talk about it.
I'm just saying hard. People are looking at that company hard, especially given how the stock is not performing and the big value around it that people feel that they have, you know, in terms of being the new distribution. I'm just going to take the ball and run with it a little bit here. But if you were to talk about any other media company that has anything regarding the reach and influence of Twitter, it trades a 20 to 40 times the valuation.
Right. Well, just a lot of... You and I love Twitter, don't we? Well, by the way, what do you think?
I'm doing a lot of investor noise, suddenly. Yeah. No, I think you're right. As evidenced by, I'm voting with my wallet here.
But what do you think of this idea of them banning or making it such that you can't reply unless that person is following you? I like it. I like it, too. I like it.
I like it. I like it. They still should be doing so many more things. They have not worked on that product at all for a long time.
And I do think that they should be doing more and be more creative. I think I'm writing about innovation and where it comes from this week and I find them to be like, they could do so much more on that one. 100%. You know, Snapchat has evolved.
Everybody has evolved their things. Yeah. Twitter feels very 2016. Yes.
They need to do something about it. Yes. Anyway, that's my prediction. We'll see what happens.
I've had some good luck on the prediction. I'm getting good because Jason's eating you. Anyway, I'm just thinking art. Jason's eating me.
That's the sexiest thing you've said to the dog. That's as close as I'm getting to Jason. That's right. Jason on up to the dog.
That's right. He's just gone from the groomer. That's right. Need to be groomed.
That's right. I get it. I'm glad you're finally in touch with your emotions. A little hot for daddy.
I get it. A little hot for daddy. Oh, God. Obviously, it's time to go.
You've obviously woken up. And we'll be back together in New York. I'm Monday. You're going to be here physically in person.
I'm coming back to New York. We're doing it together. We're doing it together. Yes.
I'm in New York because I have to talk to Paul Ryan next week which I'm just talking about. You're talking to Paul Ryan. Don't even. I just don't.
It'll have happened when I see you maybe. Yes. For Rico, Rico? No.
It's an NRF event and I'm going to be on stage together. I don't know how I'm going to respond. That means mommy's making some cabbage. You've totally been paid for that.
No, I'm not. I didn't get paid for it. I'm not going to be able to hold back. This guy makes one sideways glance at me in a way that like, hey, I had nothing to do with it.
I'm really going to bounce. I'm sorry, Paul Ryan. I'm warning you in advance. Very likely.
That Paul Ryan is very likable. No. No. Anyway, I'm also interviewing Ben Silverman.
I've got a lot going on next week. But I will be here for you. Yes. Yes.
That's nice. That's nice. Anyway, we're going to be together in the same day. I'm very excited.
So I'm excited to see you. Thank you. Likewise. Thanks for listening to Pivot from Fox Media.
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