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U.S.A. Debt is Worthless Now
August 2, 2023
Kevin and Chief talk bad management, season tickets, credit ratings, and Blackrock. Russell joins the second hour to explain tax revenue discrepancies, dog rescue, and Chinese equities.
Articles Referenced
*Corrections to the show
*As of 2013, CaliforniaDepartmentCorrectionsRehabilitation employed approximately 24,000 peace officers (state correctional officers), 1,800 state parole agents, and 150 criminal investigators.
*The California Teachers Association (CTA), initially established in 1863, is one of the largest and most powerful[2] teachers’ unions in the state with over 300,000 members and a high political profile*
https://www.opensecrets.org/orgs/blackrock-inc/totals?id=D000021872
https://www.opensecrets.org/orgs/chevron/totals?id=D000000015
https://www.pewtrusts.org/en/research-and-analysis/articles/2022/11/03/robust-federal-pandemic-aid-has-sent-over-$800-billion-to-states
Guests & Co-Hosts
KEVIN O’NEILL
Kevin O’Neill is our Wednesday and Friday morning sports guy. His segment emphasizes what happens off the field as much as what happens on the field. All businesses have their intrigue, but the inner workings of sports organizations find their way into the public domain frequently. Unless a rant from the Chief spills into Kevin’s segment (not an unusual occurrence), he will highlight some of those sports related business issues; but be advised that those highlights usually come with an opinion.
RUSSELL RHOADS
Russell Rhoads is the associate clinical professor of financial management at the Kelley Business School at IUPUI. His areas of expertise include behavioral finance, derivatives, market volatility, financial markets and bitcoin and cryptocurrencies. Rhoads most recently was a clinical professor of finance and director of the Master of Science in Finance Program at Loyola University in Chicago, where he taught corporate finance, investments, derivatives, investment banking and financial ethics, among other topics. He also has worked as the head of research and consulting at EQDerivatives; Head of Derivative Research at TABB Group; Director of Education at CBOE Global Markets and as a portfolio manager, equity option trader and equity analyst at a number of companies