Idea that that was a u. P. S. Had been euthanized and fed ex not but in my own experience it was just this like complete nightmare we had a an experience last year with fed ex as well you who member that theyve lost a package so just my own personal experience without knowing anything just an interaction with these two corporations the experience. Compared to what is the fact for the workers showed up on my own personal experience with them thats real anecdotal evidence on the Ground Research and what its so if you gleaned from this i gleaned that how your workers feel genuinely impacts your brand whether you know the shareholders at fed ex of course want the company to maximize profit get as much profit out of every single worker pay their workers as little as possible but when youre interacting on it you know youre the person here fed ex sign this you know and youre seeing this horrible interaction you feel like i dont want to use fed ex id rather pay twice as much to just use u. P. S. Because why would i want something an interaction like that why would i want an experience like that and people these corporations that dont understand how horrible it is to have to deal with their frontline staff if its not trained if its not well if you go into some of these big d. I. Y. Shops for example and you ask one of their Customer Service reps for information about some plumbing supplies and they have no idea what the anything about what theyre supposed to be an expert on you know these sort of things that i think fractures listed and u. B. S. Is not really not so see this is the fact that German Companies are so good as they dont list shareholder shareholders demand you destroy their company thats the way things are now they demand that you hollow it out and and destroy all value because they want it now they dont want something in fifty years time they want it now so that would make sense i guess i can believe its not listed so. Musks company is of course listed tesla must needs to make a bold call on tesla as model three before it is too late production hell as elon musk calls it has reached a new level of blazing discomfort at tesla last. Week the Company Reported that had fallen well short of his delivery goals for the model three the thirty five thousand dollars car that is supposed to transform tesla from a nice player to the dominant force in the new age of electrified automobiles so they did manage to deliver one hundred thousand cars in twenty seventeen which is a new high for them but were going to go into half comparing them to the other big Auto Companies well its an interesting kind of model he has there because hes using the presales on the on the the model three and these cars to kind of keep the company afloat in terms of cash because they burn a lot of cash so hes making a bet that eventually these two things work out and he starts to have some organic growth and which is not a bad bet to make i mean i work for jeff bezos you lost money for many many years building their brand building their franchise and then it started to work for him he should just do and i see oh this is like tesla coaching one day you might get a point you know people throw billions of dollars that i see as for products that are even more vague at least he has like actual real example of what it tesla model three will look like and he had to livered some beyond what he said you know he was meant to but ill show you that chart of comparing tesla to other auto manufacturers and that is the market cap versus auto sales so g. M. Is the largest market cap on this with fifty point eight billion then four to forty three billion chrysler fifteen point seven billion tesla forty nine billion but you can actually see the amount of sales g. M. Has to sell three million cars for that fifty billion test was only delivering seventy six thousand for their market cap which is equals to g. M. So a payout for a growth story in this potentially huge growth story so you multiples are expanding you know people get down on tesla because they take the government subsidy money but somehow they dont get down on the other big three Car Companies even though theyve been bailed out. By government money so whether its a government bailout or a government subsidy thats still government money i dont know why tesla gets all the bad press but actually like you said they buy a growth story that the growth isnt all that much but it is a mystery their story is a mystery like that whole space x. Launch that lost that maybe lost the mystery satellite some sort of mystery payload from the u. S. Government and tesla says its their mission was accomplished so thats all a mystery what happened with space x. Last week but in terms of like comparing this initial coin offerings in the crypto space study found that the less information you actually gave if you had no product no example of what your product was for your initial point offering you actually got more like the investors value you higher as soon as you had any products or example of your Technology Investors to want anything to do with it because it was too real world it wasnt as is huge is their imagination but its true in all stock markets you know Biotechnology Companies that have absolutely no technology but they just a white paper or some academic study suggesting that there could be something biotechnological wonderful if they got a bunch of money raise billions of Dollars Companies that have a very simple numb nuts business metal benders who simply manufacture you know parts car parts they have a very low valuation because its very predictable and very well known but their cash. Cows if you will this is the type of stuff that Warren Buffett tends to buy are predictable cash cows and thats his style of doing business and then you have the moon shot look tesla is a moonshot disrupting the Auto Industry he might do it and therefore he would be worth more than all three combined or he might fail in which case you wouldnt work zero like hed go the way of enron but thats what capitalism is all about so speaking of cash cows comparing him so remember he basically tesla and. G. M. Have equivalent market capitalizations. But g. M. Sells many many multiple times more cars so they compare it to more of the Balance Sheet and the data between these two companies the model three is turning into a slow motion catastrophe thats going to push teslas capital structure beyond the breaking point the math a simple tesla is spending as much as General Motors every quarter about one billion dollars to produce and sell a fraction of the vehicles that g. M. Does g. M. Is also turning that invested capital into steady profits while tesla in the Third Quarter of twenty seventeen posted the biggest loss and its history g. M. Has a twenty five billion dollar war chest chest only has enough cash to operate through twenty eighteen i. B. M. And dell with a g. M. And ford of the day people are comparing look at your sales compared to their sales and were doing horribly and he stayed loyal to his vision of whatever their vision was and eventually it might have taken twenty years but the same with tesla and twenty years it might eventually it might take twenty years for them to realize the same sort of apple like you know i never see a Dell Computer anymore back in the early ninetys and michael dell told Apple Computer to shut their doors and shut em to shut down the way i dont know that they they are irrelevant they had failed they were never going to make it. And now course dell is an also ran so thats what happens when a visionary matches the times in which he lives with a product that people want and you have an explosion in market capitalization like Apple Computer tesla could could be a big wonder could you not let me also compare one more thing and then i have a statement to make about this an assessment and analysis to make about this so to make matters worse tesla striving and failing to. Build a Pretty Simple vehicle the model three is basically an electric condo cord and honda without noticeable effort builds and sells over one hundred thousand of those every single year in the u. S. Alone to me it kind of seems like the sort of tension and stress and angst in the press toward steve jobs back in the eightys at apple that he was doing you know ron hes like look at i. B. M. Look at dell theyre taking off with this whole market you dont know what youre doing what is this vision you have you just dont know what youre doing this is that you know and he was kicked off the board of he was you know the same sort of attention i well what hes doing with this Company Apple and of course you know we all know the success that apple has become one of steve jobs is a model in Silicon Valley that you know is going to fit into steve jobs shoes by coming up with Innovative Products you know the electronic gadgets market is a little bit different in the car business because the car businesses you know you kind of bound by the highway system and youre bound by the whole infrastructure that is the Automotive Industry in the lobbying of the Automotive Industry so its a bit difficult to be disruptive in that industry in a way hes going to open up his charging stations with one nine hundred fifty style burger and shake joints with servers on roller skates ok thats thats an idea that might take off that might be a new like starbucks like the third place that people go to to have an experience that might work i mean as an innovator he actually does think hes revolutionizing the model he sees himself as henry ford by character henry ford revolutionized the Production Model of automobiles and this is what according to this article also sees that this is a third step in the production of vehicles musk his dream is to massively automate the model three assembly and take advantage of the simpler engineering requirements of electric vehicles its a noble dream. Tesla should continue to pursue it but at this point mosque is asking all those model three reservation holders to patiently await teslas ability to reinvent manufacturing theyve become unwitting participants in a science project again going back to one nine hundred eighty s. Steve jobs it did take him a while to realize what he was trying to execute in his mind hes not a technologist he wasnt a code writer he couldnt do all this stuff fast enough once he met johnny i for whatever they they seem to have some sort of like. You know explosion in their ideas that finally came to fruition but at that time nobody was very patient with steve jobs back in the eightys and you remember im sure well first thing. Unwittingly youll stay to for the second half of this program right after this break. The new Global Economic war is unfolding in the realm of education the right to education being supplanted by the right to access education. Higher education is becoming just another product that can be bought and sold but its not just about education anymore its also about running a business where you could. Look at this also. Could mean. What is the place of students in this Business Model for college i was born now and im extremely more education the new Global Economic war. Rather. Than a lot of our rather. Before for the america of our. Own lawyers and that combative i dont question many their antics and. I dont think as a child with a profile that it will never. Be known what then now modeling hi michelle the downside of. The model. Number set up around the hey how do you want to do it. Because its whole food plus choice where you got the i knew where youre from and theosophy chime in syria said. As she ought to have a. Model for them after the couple for mr hates it for jim and lawyers for her for that are for every minute for. The money. Welcome back to the kaiser report imax keyser time now to turn to time since loko may runs the Public Citizens Energy Program and serves on the c f two Series Energy committee tyson welcome back always great to be here max now the New York Times is quoting you they say about Power Companies got a tax cut but will the the bill reflected youre quoted in this tell us more about these tax cuts and will our energy bills be impacted so you know congress and the president put into law this awful tax bill that was rushed and you know behind cover it are going to go to qualify this awful in what way its massively expensive and it goes to huge multinational corporations that arent necessarily going to be creating jobs or creating value for the u. S. Economy but creating massive benefits for their preferred shareholders think this through how to get this through this new fight this idiot this guy who nobody thought to do anything somehow managed to get this massive tax cut through oh i think they did it despite trump and his repeated tweeting on the subject the Congressional Republicans found a new tactic to devise sweeping complex legislation behind closed doors unveil it with as a little public scrutiny as possible so that opponents to the sweeping legislation have little time to mobilize to fight bad legislation so we saw that on other issues that failed with this Corporate Tax bill there were so many powerful corporations with their hands out in line to get benefits pushing hard on Congressional Republicans and it earlier able to get checks and balances system of our federal government has found it is failing right now i think that trump is ushering a new era of its an institute. Failure on a temporary fare failure in other words is the character of the way legislation is made and passed in washington now been coopted entirely by a corporate agenda its taken a few decades to get there through the socalled neoliberal washington consensus type agenda or is this are you suggesting that this is more of a temporary situation what do you know i think our political system is prone to such takeover and abuse its a question of leadership in the past weve had enough leadership on a bipartisan basis that that there were enough people to stop these kinds of things are on a consistent basis what were seeing now is a complete absence of leadership im not an overly partisan person but what im seeing out of the Republican Leadership right now is no concern whatsoever for the welfare of their actual consist constituents who have brought on welfare into bar lago and said hey everybody just got a lot richer ok he wanted this and it got through hes demonstrating leadership thats what a leader does he got his agenda through so what he said is a lack of leadership if youre referring to the democrats well i think the democrats did what they could but they just dont have the numbers right now but i dont think leadership is succeeding on pushing bad policies into law i think leadership is recognizing that youve got to look out for the least among us in our society and theres nothing in the stars a meritocracy going on here in america and you know people are in a position of power and then they try to get things through oh by. The process of legislation the law making and the press of course right now what about the fact that the press that would be really in a position to push back against what youre describing as a horrible piece of legislation this tax cuts their obsession with things like the fake russia gate hoax like i made Rachel Maddow he turns around every night and she oh still its up. Just what this what this hoax this russia gate hoax should she be more concerned about pushing back against this what you described as a catastrophic tax bill well i thought were tarmoh journalists im not quite sure that rachel who it was a journey out well ken who ok fair enough but who who is operating where were wheres the press you know jefferson called the press to the Fourth Estate i paraphrase archana when he said something to that effect but we dont know that thats a vital part of our nation freedom of the press freedom of speech whos representing those interests i think the traditional print media in a lot of the new online media actually have been doing a great job of reporting on the catastrophic details of the tax bill how unprecedented. The push to quickly move this legislation without a single hearing i think the medias doing their job and i think thats reflected in poll after poll that shows that even though a lot of americans are temporarily going to get some money back in their taxes they still dont like the tax bill because it showers the wealthy few multinational corporations with too much of the benefits so in your wheel house or in the Energy Sector right so we are starting up i talk about how this impacts the Energy Business specifically and i read the New York Times piece theyre saying on a state by state basis its unknown because its a very a lot of variation in the various states but walk us through like what what does this mean actually to the Energy Industry that there are some Energy Companies that are treated as sort of inherently monopolistic and so the trade off for having a monopoly and therefore being exposed to little risk is that you have to have your profits regulated and so part of your profits are obviously an analysis of your costs and one of those costs are income taxes that you pay so if there is a dramatic change in your Corporate IncomeTax Liability then that should be reflected in low