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The Return of Rising Inflation

The Return of Rising Inflation

Released Thursday, 11th April 2024
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The Return of Rising Inflation

The Return of Rising Inflation

The Return of Rising Inflation

The Return of Rising Inflation

Thursday, 11th April 2024
Good episode? Give it some love!
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Episode Transcript

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0:00

It's Thursday, April Eleventh. Well, this

0:02

is deflating. We start here. You

0:07

know, worrisome. Sign to economists:

0:09

Prices creep upward. It's taking

0:11

a while for inflation to come down. It. Means

0:14

you're paying more. It could also

0:16

mean a plane from the Fed

0:18

is getting door railed. Good. Donald

0:20

Trump's personal beef now undo a

0:23

T National Security policy. He says

0:25

jump sometimes in Congress these lawmakers

0:27

say how high a fight over

0:29

surveillance has up ended congressional alliances

0:31

and another whistleblower says Boeing is

0:34

falling down on the job. To

0:36

me, Uma, life is precious. A

0:38

it's worth the trouble. Break down

0:40

the alarming claims from a current

0:43

employee. From

0:45

A B C News this is stored

0:47

here. I'm bread milky. For

0:57

months one of the biggest issues

0:59

beleaguering this country. inflation has been

1:01

getting back under control. We have

1:03

dramatically reduced inflation from nine percent

1:05

panel come close to three percent.

1:07

The Federal Reserve took decisive action

1:09

is to make loans and home

1:11

mortgages sexually more expensive, saying in

1:13

the long run our economy would

1:15

be healthier for it. Those inflation

1:17

numbers have indeed been on their

1:19

way down. But yesterday we get

1:21

a new report from the Federal

1:23

Government shown inflation not only rose

1:25

last month, but rose. Even more than

1:27

expected, let's bring in a B. C's Elizabeth shows

1:29

he who covers the economy. Elizabeth What should we

1:31

know about this report? Because people were freaking out.

1:34

People were freaking out brad because this

1:36

report showed that inflation is still stubbornly

1:38

high end. It's going up faster than

1:40

many had expected when you look at

1:42

these monthly numbers of inflation. Prices were

1:44

up zero point four percent in March

1:46

from the month before. That was the

1:48

third month in a row that had

1:50

been really excel or rating and we'd

1:52

really been in this time before that,

1:54

and for months on end where inflation

1:56

had been. Decelerating. And and

1:58

other words, like prices weren't. Going down

2:00

Ever. But they weren't going up as fast

2:02

and that was what obviously households wanna see

2:05

when you're looking at their budgets. It's like

2:07

the Federal Reserve and wanted to see. But

2:09

here we are. This new report comes out.

2:11

It shows that prices are still and as

2:13

economists would say, sticky. It's taking a while

2:16

for inflation to come down and there are

2:18

a couple of big culprits in this report.

2:20

One of them is gas prices. What it

2:22

costs, you just out of fell apart. Sixty

2:25

Six, Eighty Nine. We see the gas prices

2:27

have been taking up or you used to

2:29

fill it. Up for thirty five bucks. It was

2:31

a beautiful thing. And when you talk to people, they

2:33

notice these higher prices when they're going to sell up

2:35

at a gas station. You wanna go a

2:37

long distance? You have to consider and calculate

2:40

how much are going us when. Guess you

2:42

never going to drive like before? You have

2:44

to think twice about the stress. Yes, I

2:46

have to think twice and get three to

2:48

four times before Detroit. Higher gas prices,

2:50

Ripples throughout the economy. The Effect: Transportation

2:52

costs for companies that can sometimes lead

2:54

companies increase prices so that the problems

2:56

when you're driving it's a problem for

2:58

businesses. And the other big culprit in

3:01

this report is rent. Rent is still

3:03

going up at a faster pace, and

3:05

it historically would. I might have to take

3:07

a little bit of a loss at the beginning of

3:09

the month so I can make rent. I. Talked to

3:11

a small business owner and Chicago her name

3:13

is Alexandria Jones. See, just saw her rent

3:16

go up four hundred dollars from fourteen hundred

3:18

a month to eighteen hundred. And as a

3:20

huge expanse when you're looking at your budget,

3:22

I try to go. To the grocery store

3:24

and I'm like ah it might just go

3:26

and grab something quick to eat because like

3:29

I can't You know grocery prices are going

3:31

up, gas has gone is going up. This

3:33

is the reality of what this in

3:35

place and reporters at those dated a

3:37

costs rent gas, also car insurance up

3:39

twenty two percent in the past year.

3:41

A lot of these services that folks

3:43

pay for every day every month are

3:45

continuing to be higher than the historically

3:47

wide, and that's a problem. Split, but

3:49

every month we do see certain sectors that

3:51

you just rattled off. A few areas where

3:54

seem particularly high inflation costs the board three

3:56

point four, three point five percent. I mean,

3:58

how bad is that? Really like I've

4:00

always heard like over four starts getting scary at

4:03

the guy. I'll bet is that in historical terms.

4:05

It's a good point. It's really good

4:07

contacts because two years ago we are

4:09

talking about nearly nine percent in place

4:11

and so we have dry undoubtedly made

4:13

progress at places are not going up

4:15

at that historically thing. Space three and

4:18

a half percent is a lot better

4:20

than three times. That's the problem is

4:22

that the Federal Reserve is really targeting

4:24

a two percent inflation. Rates were strongly

4:26

committed to bringing inflation down to two

4:28

percent over time. That. As those are

4:30

gold and we will achieve that goal. It. Says

4:32

to present is a level that prices should

4:35

be going out, That's basically a healthy economy

4:37

and people should know that in a healthy

4:39

economy prices do go up next because businesses

4:41

and consumers are out spending money. Generally when

4:44

they're spending happening in the economy, that means

4:46

that prices will continue good to go up

4:48

at a gradual pace. Right now we're not

4:51

quite at that healthy pace. We are above

4:53

it and that is making the Federal Reserve

4:55

bad. Rethink it's plan for how it wants

4:57

to try to bring down in place and

5:00

and what is going to do in the

5:02

coming months. As it thinks. It's policy research

5:04

that is that the and sleeps in

5:06

itself. You're saying that is so worrisome.

5:08

It's that the said has had to

5:11

make all these painful decisions that have

5:13

affected Americans. And because of this, one

5:15

of those decisions will stay in offsets

5:17

longer essentially. Exactly because the Fed has

5:19

taken on this in place in fights. Head

5:21

on it. raise interest rates to this twenty

5:24

two year high over the past couple of

5:26

years with a goal that that will bring

5:28

in place and down and that's been working

5:30

in. There was a time where it looked

5:32

like this fight was pretty much over, but

5:35

now because we're in this time where inflation

5:37

is sticking around, the Fed is saying maybe

5:39

we're not quite done with that site yet

5:41

and what that means As if the Fed

5:44

isn't ready to lower. Interest rates inflation

5:46

still too high. Ongoing.

5:48

progress in bringing it down is not assured.

5:51

And. The path forward is uncertain. The

5:53

expectation had been that that first rate

5:56

cut the first rate time for years

5:58

would happen in June of. This year

6:00

and that would mean lower borrowing costs for people.

6:02

A for taking out a new mortgage for

6:04

trying to get a new car it would rippling

6:07

to lower costs for your if you're paying

6:09

off credit card debt that the said sees this

6:11

report and that overall expectation is that it's not

6:13

going to be ready to cut interest rates

6:15

in June. It might have to wait. Until

6:17

later in the year in September. Might

6:20

have to wait even longer that depending on how this

6:22

inflation. Picture Six out it. What? Where does

6:24

that put? The White House divided? White House

6:26

has insisted that they've taken action to get

6:28

inflation under control, and yet at the end

6:30

of a day, isn't it? Just the Fed

6:32

is more responsible for any of this. and

6:34

the White House even do anything about the

6:37

Saturday's kind of look at them from across

6:39

Wasserman. Go please, guys help us. Will and

6:41

that's a really important question right? Because

6:43

obviously President Biden wants to see lower

6:45

interest rates. People would be happier if

6:47

those borrowing costs were lower and If

6:49

and police and was lower. But there's

6:51

this independence of the fat. The Fed

6:53

says that it operates completely separate have

6:55

any political influence, but even so, it

6:57

does start to get a little bit

6:59

tricky as we get closer into the

7:01

fall is that first rate cut happens

7:03

in September? guess what's two months later

7:05

on election and the closer we get

7:07

to that election dates the more at

7:09

my look like the Fed. Is being

7:11

potentially influenced by politics? If you talk to

7:14

policymakers at the Federal Reserve, they are ready

7:16

to go. They've been wanting to cut interest

7:18

rates. They wanna get that first rate. had

7:20

done some kind of make that appearance of

7:23

politics not be there. But if the data

7:25

isn't letting them at the inflation data is

7:27

not letting them pot interest rates yet, they're

7:30

in a really tough spot. For

7:33

do stand by. My predictions of before the

7:35

years of The Root causes me to lay

7:37

a month or so and was sure that

7:39

we don't know goods and services gonna do

7:41

for certain. President Biden saying he still thinks

7:43

that recruit it's gonna come this year. He's

7:45

not saying he's directly influencing the side right

7:47

by. It starts to get a lot. Murkier

7:50

as we had closer towards election day brands

7:52

with the the president I to assure american

7:54

but I don't worry like rates will get

7:56

caught even though technically he has no control

7:58

over that. Will see hundred. The actually

8:00

we'll see or as we're closer to an election,

8:02

right? Elizabeth Soul the in Washington. Thank you so

8:04

much Thank you Bad. Acts

8:08

of on start Here I spy a political

8:10

high wire act or back in a bit.

8:16

Me: As you say

8:18

that every day waiting for the so

8:20

well the topics are still of. The

8:23

leading into the moment moves

8:25

his ears. years is used

8:28

to little contact. With him

8:30

forever you get your podcast. Hey.

8:33

I'm Andy Mitchell, a New York Times

8:35

bestselling author, and I'm Sabrina. Colbert, a

8:37

morning television producer Were mom's of

8:39

toddlers and best friends of twenty

8:42

years and we both love to

8:44

talk about the interns yes, but

8:46

also supposed to work combining. I'll

8:48

tune into. A Top and

8:51

celebrities writers and fellow scholars.

8:53

A Tv and movie Cinema Really about

8:55

what we all to learn from the

8:58

fictional mom's love to walk from a

9:00

B. C Audio and Good Morning America.

9:02

Hop Culture Mans is out now wherever

9:04

you are to. Department. Has

9:12

a problem. We are not going to

9:15

be able to pick transformational changes. On

9:18

needs the support a former President

9:20

Donald Trump. Republicans currently have one

9:22

of the memories majorities in the

9:24

history of the Alps. Any dispute

9:27

with in his party still let

9:29

slip. Some Trump supporters are it's

9:31

just. Not

9:33

as the job. So.

9:36

Clearly, if you're Johnson, you want a

9:38

unifying force that is Trump in the

9:40

Republican party supporting you. On the other

9:42

hand, things had his own set of

9:44

priorities that sometimes class with Johnson's at

9:46

the speaker wants to send aid to

9:49

Ukraine. Trump isn't nearly as concerned with

9:51

that Johnson and press for concessions from

9:53

Democrats on the borders once he got

9:55

some of them from effectively skilled immigration

9:57

deal because he didn't want to give

9:59

President. The political when or perhaps

10:01

nothing has. Pitted these two against each

10:03

other as clearly as the issue of

10:06

government's surveillance. The hawks like Johnson say

10:08

that American intelligence services need to intercept

10:10

communications from around the world. A troop

10:12

knows first hand would flights to have

10:14

your own staffers name's dredged up by

10:17

a foreign surveillance operation of the set

10:19

up. A pretty epic showdown yesterday on

10:21

Capitol Hill with lot at stake As

10:23

good A B C J O'brien who

10:25

covers the hill for us Trace My

10:28

eyes glaze over whenever I hear acronyms

10:30

white like Spice Us Can you please.

10:32

Explain in English what was happening

10:34

here. You are hitting the nail

10:36

on the head of the challenge

10:38

that we have encountered on Capitol

10:40

Hill for the last few weeks

10:42

Brand because this has been percolating

10:44

in the background for quite some

10:46

time. Spicer, The Foreign Intelligence Surveillance

10:48

Act is set to expire and

10:50

there's been all of this drama

10:52

around whether or not it should

10:55

be renewed. The Intelligence Community says

10:57

it has to be renewed now

10:59

and fast because. They need it

11:01

to keep Americans safe. To conduct

11:03

their counterterrorism operations and things of

11:05

that nature Since this is a

11:07

very fraught issues, one of things

11:10

you should know just before we

11:12

go any further. A is Fi.

11:14

So the Foreign Intelligence Surveillance Act

11:16

is a federal law that establishes

11:18

the procedures in which the intelligence

11:20

community can surveil foreign nationals. It

11:22

doesn't target Americans, but Americans data

11:24

is sometimes swept up if there

11:27

were in contact with those foreign

11:29

nationals who are being surveilled. And

11:31

things of that nature. Added some

11:33

my A rush and Russian spies trying

11:35

to get in touch with an American

11:37

businessman and now you know who the

11:39

American businessman is. If you're if you're

11:41

severely him right? If you find yourself

11:43

on the phone with a Russian spy

11:45

van, your data get swept up. If

11:47

there is a foreign intelligence surveillance of

11:49

this Russian spy Isis, so it's the

11:51

American side of things that makes this

11:53

so fraught. Hardline. Conservatives in

11:55

the house and the A C L U. by

11:58

the way, strange bedfellows here, but both. Said

12:00

said they want in additional steps

12:02

another warrant that the intelligence community

12:04

would have to go out and

12:06

get if you collect Americans data

12:08

as part of the surveillance of

12:10

a foreign national. Ice A was

12:12

abused by the F B I

12:14

agree to swim obese arms to

12:16

the have to be a major

12:18

changes I think the members me

12:20

to be able to weigh in

12:22

on all those changes to access

12:24

that data They say you should

12:26

go get another warrant with the

12:28

intelligence community says as. If you

12:30

added that step in the process, it

12:32

would create this massive backlogs that would

12:35

effectively shut down this program because it

12:37

would just be all the time gummed

12:39

up with getting warrants and talking to

12:41

fight the judges and things of that

12:44

nature crucial. To. Our ability

12:46

to use this information to actually

12:48

protect Americans is our ability to

12:51

review it properly and efficiently. That's

12:53

the problem that Congress is facing.

12:55

And. With all of that. In walks

12:58

Donald Trump. Donald.

13:02

Trump posts on social media

13:04

Quote killed five. And.

13:07

He says he's got some serious disagreements

13:09

with Pfizer. He says it was use

13:11

to us spy on us are people

13:13

that were tied to his campaign because

13:15

they were communicating with foreign nationals and

13:17

things of that nature such as they

13:19

spider my campaign and they got caught.

13:21

So Donald Trump says get rid of

13:23

Pfizer, do not renew it. And

13:25

then there is this procedural vote on

13:27

the house for and attention. As high

13:29

as it's like who's gonna go with

13:31

Donald Trump's? who's gonna go with Speaker

13:33

Mike Johnson who was said that this

13:36

is a necessary National Security saying that

13:38

the Intelligence community needs And then when

13:40

they have this procedural vote, not even

13:42

the real vote, just a procedural vote

13:44

to set up the vote. Nineteen Republicans

13:46

go against leadership, They go against Mike

13:48

Johnson. and they side with Donald Trump

13:50

on his vote for years. Or one.

13:52

Ninety three than a is what's your

13:54

twenty eight. The resolution is

13:56

not as and then there is no vote

13:59

on the Spicer. The authorizations are now. Republicans

14:01

are scrambling to figure out how they're gonna

14:03

get this legislation on the floor because they

14:05

have this pretty decent size group of Republicans

14:07

who were saying we are in lock step

14:10

with the former presidents. We do not want

14:12

Pfizer renewed. At least in this way you

14:14

would have the option to be great, Just

14:16

go away is that is that Is that

14:18

a possibility here that we no longer? This

14:20

goes back to Nine Eleven. I mean it.

14:23

It probably wouldn't go away. The Senate could

14:25

pass legislation it's and enforce the house to

14:27

take it up at called getting jammed on

14:29

Capitol Hill. Mike Johnson has said to

14:31

his members that he's really worried about

14:33

that. He could also just do a

14:36

different procedural kind of move and opened

14:38

the vote up to the entire floor

14:40

which would then allowed democrats to vote

14:42

for this and then with those democratic

14:44

votes. In theory, this reauthorization of finds

14:47

a could pass one. That's what's so

14:49

interesting is because I used to think

14:51

of measures like this as mainly republican

14:53

issues. Get you had hawkish democrats certainly

14:55

saying the intelligence community's need this, but

14:58

namely, the Republican saying we need intel.

15:00

On our adversaries, civil liberties risks are

15:02

worth. the reward is Trump. I guess

15:04

the sort of the driving force behind

15:06

that Sainz. Yet. If you

15:09

would have told Republicans in the Bush

15:11

Administration that Republicans in the House of

15:13

Representatives would be blocking reauthorization of size,

15:15

I think a lot of them would

15:18

have looked at you really skeptical. The

15:20

lives of countless Americans depend on our

15:22

ability to monitor these communications. Cel Trump

15:24

is really slipped the entire dynamic of

15:27

this on it's head, and it's been

15:29

going on for quite some time, But

15:31

this is probably the most clear example

15:33

of it, at least when it comes

15:36

to the House of Representatives. Think. About

15:38

it this way: Donald Trump has said

15:40

to his supporters in Congress that he's

15:42

got serious gripes with the F B

15:44

I and gone after the F B.

15:46

I ski said that he's got serious

15:48

gripes with the intelligence community and it's

15:50

use of a surveillance and they've gone

15:52

after Pfizer. That's what we're seeing. Happened

15:54

now. Can't do it. Won't do it.

15:58

On a trump doesn't one is. The Jump:

16:00

Sometimes In Congress these lawmakers

16:03

say how high end it

16:05

has serious implications. Another

16:07

thing to pay attention to here are

16:10

the coalition's that this is creating. Can

16:12

you think of any legislation were Mike

16:14

Johnson and the White House or on

16:16

one side and former President Donald Trump

16:18

and the Ac? Yeah you are on

16:20

another site that does not have this

16:23

is unheard of. Yeah all this I

16:25

suppose least even more speculation a speaker

16:27

Johnson's Todd could be on the line

16:29

be seen. As for Marjorie Taylor Green

16:31

basically dangling the idea of of voting

16:33

to vacate the guy. Now Johnson and

16:36

Trump are supposed to get like a

16:38

joint press conference on Friday down Amar

16:40

Lago either know is that Trump posting

16:42

in all caps which killed by said

16:44

as things but Johnson is is so

16:46

behind our it jail brian in Washington

16:49

thank you that you bread. At

16:56

the beginning of the year, Bowing

16:58

was finally feeling like itself again.

17:00

After years of depressed sales and

17:02

concerns about pandemic era travel plans, the

17:04

American plane maker stock had finally reached

17:06

cruising altitude so to speak. Well,

17:08

Then on January fifth, just a few

17:11

days into the year, a door plug

17:13

flew out of in Alaska Airlines

17:15

flight. Authorities

17:19

later revealed it was missing see

17:21

both when it was installed and

17:23

over the next few months bowling stock

17:26

plummeted almost thirty percent. we yesterday it's

17:28

st even further as reports emerged

17:30

about a new whistle blower a Boeing

17:32

employees seen the company's been doing shoddy

17:35

work on some of their Dreamliner aircraft

17:37

for years, a busy transportation correspondent job

17:39

and eat as has been tracking all

17:42

this t else? Who is this

17:44

person. Hey Brad! So this is

17:46

Sam Sell a Poor. He's an engineer

17:48

with Boeing and he claims that parts

17:51

of the planes fuselage or being sasson

17:53

together improperly on the assembly line, which

17:55

in theory he says could weaken the

17:57

aircraft overtime. So we're talking about decades.

18:00

The Time and he spoke at

18:02

a press conference yesterday. I'm going

18:04

there is not because. I

18:06

want boy to fail. But. Because I

18:08

was. I. Wanted to

18:10

succeed and prevent their crashes

18:13

from happiness and his lawyer

18:15

said that he had been

18:17

raising these issues with Boeing

18:19

management for years, but that

18:21

they just weren't listening. See

18:23

is a alleging that Boeing

18:25

knowingly took a series of.

18:27

Manufacturing. Shortcuts: Ah

18:30

in the construction of the Seventy

18:32

Eighty Seven Snell. The Us A

18:34

says it is investigating these claims

18:36

from a Boeing whistleblower, but Boeing

18:38

is actually responding very, very strongly

18:40

and they told us this quotes

18:42

these claims about the structural integrity

18:44

of the Seven Eighty Seven, or

18:46

inaccurate. The issues raised have been

18:49

subject to rigorous engineering examination Under

18:51

Foia oversight. This analysis has validated

18:53

that these issues do not present

18:55

any safety concerns and that the

18:57

aircraft will maintain it's service life

18:59

over several decades. So obviously Boeing

19:01

is very strongly disagree with this whistle

19:03

blower. and decent is very long statement.

19:05

probably one of the longest I've ever

19:08

seen. Just on clear. Just so this

19:10

is different from the Max planes, rightly?

19:12

when we talk about the door plug

19:14

that was a seven thirty seven max,

19:16

The Bees or Dreamliners, he's complaining about.

19:19

Yeah. These are totally different planes. These

19:21

are the Seven Eighty Seven Dreamliner. We're

19:23

talking about the Max Nine obviously. or

19:25

scrutiny was intensified over Boeing because that

19:28

door plugged flying off that plane in

19:30

January was a very, very serious issue.

19:32

And then you think back to Twenty

19:34

Eighteen and Twenty nineteen. You had those

19:36

Max crushes after they took off gear

19:38

up, flaps come up, the damage censor

19:41

put bad and put into the M

19:43

Caste system and it begins to push

19:45

the nose for those were the Seven

19:47

Thirty Seven Max planes. Now we're talking.

19:49

About the Seven Eighty Seven Dreamliner

19:51

is there has not been any

19:53

accidents with the Seven Eighty Seven

19:56

Dreamliner. This is just a concern.

19:58

In fact, are these planes have

20:00

been in serve for about thirteen

20:02

years now and back in Twenty

20:04

Twenty One and Twenty Twenty Two.

20:06

Boeing actually addressing this exact issue

20:08

because of employee concerned they slowed

20:10

production down and they actually temporarily

20:12

stopped delivering the Seven Eighty Seven

20:14

at the time the essay A

20:16

signed off on or how Boeing

20:18

address this issue, They claim that

20:20

they've done extensive testing and analysis.

20:23

When. Haven't shown it internally.

20:25

To. Sam or the other engineers know it's

20:27

important to note that this whistle blower

20:29

has not provided any documented evidence. So

20:31

right now the onus is really on

20:33

on the of a a to tell

20:35

us. Is this a new problem? Or

20:38

is this the same. Problem that Boeing

20:40

already dealt with. And. Business Robin, All

20:42

right, but it is. It's interesting that he's

20:44

kind of presenting this hypothetical right. He's almost

20:47

saying yes. We haven't seen any accidents yet,

20:49

but the big could become issues after decades

20:51

of flying is all him. and thirteen years.

20:53

How would you even. Test. That

20:55

the how would you even predict what's gonna happen decades

20:57

from now, though? geo? While. There are

20:59

special stress tests and Boeing has

21:01

conducted a lot of them actually.

21:03

And they they used an older

21:06

seven eighty Seven, and they actually

21:08

put it through a hundred sixty

21:10

five thousand simulated cycles of take

21:12

offs, pressurization, depressurization, than landings. And

21:14

they didn't find any issues of

21:16

fatigue there. And and this that

21:18

is actually design of for a

21:20

lifespan of forty four thousand cycle.

21:22

So we're talking about almost four

21:24

times the amount of cycles that

21:26

it would go through anyway. Now

21:28

that. Is. What Boeing is saying. of course

21:30

a simulation is very difference or been

21:33

what's happening in real life with Boeing

21:35

believes that this is very accurate. Coming

21:39

through my life is precious

21:41

and it worked at troubled

21:44

dad.com my way as a

21:46

result of. Com

21:49

report work. So the whistleblower says he's

21:51

going to testify on Capitol Hill next

21:53

week and he says that's when he's

21:55

going to provide v evidence. Yeah, everyone

21:57

will be paying attention. To that including like.

22:00

The be shareholders like is already having a

22:02

real effect on Boeing regardless fact that we

22:04

haven't seen as evidence yet or it's job

22:06

in eaters or transportation correspondent. Thank you so

22:08

much Thank you brat Appreciate. The

22:12

one were quick break when we come back.

22:14

The path ownership is forever no matter how.

22:16

Swing to your house is one less thing

22:18

as next. One

22:25

last thing, if you've ever been to

22:27

the Tower of London, you might know

22:29

that by law they're had to be

22:32

six ravens on hand. The legend is

22:34

if they vanish, so will the monarchy

22:36

some palaces has. He talks casually wandering

22:38

the grounds will in Mexico they've got

22:40

cats. As

22:44

long as anyone there can remember, feral

22:46

cats been wandering the grounds of the

22:48

Presidential Palace in Mexico City at least

22:50

fifty years ago. Some groundskeepers begin trying

22:53

to keep them away, but it kept

22:55

sneaking in. Well, how times have changed.

22:57

Earlier this month, President Andrzej Manuel Lopez

22:59

over door on Low declared the cats

23:02

an official feature of the palace grounds.

23:04

he bestowed upon in the title of

23:06

Living Fixed Assets. Meaning it's not only

23:09

can they not be removed, the must

23:11

be said and cared for the. Rest

23:13

of their lives the now under the

23:15

purview of the palaces cultural heritage director

23:17

who to reporters on a toward see

23:20

these cats in action. To propellers

23:22

that those she sang see already

23:24

see. The Something we see lines as a

23:26

symbol of the palace. There

23:30

were nineteen of them altogether. They have

23:32

names like Poco Una and oh you

23:34

in some like oh we are named

23:36

after famous visitors, Others like Zeus had

23:38

become celebrities and the Mexican political world.

23:40

after wandering in the press conferences, staff

23:42

members and on to bring left over

23:44

to share with them. Some have even

23:46

been spotted getting cats a lick of

23:48

their ice cream cone. Now they will

23:50

all have a food budget under Palace

23:52

rules. I think the reason I love

23:54

this so much is this is what

23:56

politics is supposed to be about, right?

23:58

I don't mean. Public. Showing you

24:00

how much they loved has not that

24:02

gimmick. I'm talking about the various things

24:04

that make a place. what is is

24:06

that if you're president you might think

24:08

this is my palace but all it

24:10

takes is a few payrolls cost to

24:12

remind you they were here before you.

24:14

They will be here long after you

24:16

leave your just passing through from yell

24:18

and got an obligation to take care

24:20

of the place world you hear just

24:22

like voters that gotta be the cat's

24:24

pajamas just competence and whether they so

24:26

you any affection as completely up to

24:28

them. Either

24:35

way, animal noises and Spanish not always the

24:37

same as what we'd say in English cricket

24:39

as Clock Walk and of Roosters has Cuckoo

24:41

Recoup a cat still says yeah yeah, although

24:43

it's am I A you and us at

24:45

your random lesson for the next eight. By

24:47

the way, we are still asking for your

24:49

votes for the Webby Awards. Right now we

24:51

are in second place in our category. We

24:53

need your vote. We want your votes. We

24:55

thank them for your votes. Have you done

24:57

it already? Had your six.

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