We like the 1% focuses on individuals and entrepreneurs. And even though it's International Women's Day today, way less than 1% of women are ever on any sort of rich list. Joining me to discuss why this might be the case is a white male, J. Fidel, and an Asian female, Carol Monly. Good morning, Jay. Good morning, Carol. Good morning, Pauline. Otherwise known as the founder and president of Think Tech Hawaii and the executive vice president of Think Tech Hawaii. And Carol is a recent addition to this show because all my guests thus far, this is my last show for We Like the 1%, and my last show for Outside In was yesterday. So all of my guests just turned out it happened to be the case that they were male. So I thought, on International Women's Day, I should have a female guest, at least one. Today, we're going to discuss a little bit about the Me Too movement, a little bit because this is the show about individuals and entrepreneurs, a little bit about women and entrepreneurship and why it might be the case that when you look on, say, the Forbes list or any sort of rich list, most of the females listed on there will have inherited their wealth or it's because their father set up the business or their husband set up the business. It's very rare that you get a woman who is a self-made billionaire. So we know a lot of women go into law. They go into medicine. They're in the profession time. I think this is happening more and more, Pauline. Yes. I know, but still full numbers.  The chains are off and women can do CEO things on national companies, international companies. Every time you look, there's a woman being promoted to CEO of a national company. But we're going... Making ukubucks, by the way. But we're headed for the top, okay? This is the very top. This is serious things, oil and gas, large-scale manufacturing, mining, the serious things. It's happening. It's very slowly. It's getting there, but it's still a numbers game. So what I wanted to preface the show, I just wanted to bring up some ideas, not to cause a fence to anybody, but just to have a discussion about... I got two questions for you, Pauline. One is, you know, what is this 1%?  What does that mean? You didn't watch the promo? Nobody watched the promo. Nobody knew about you at the time, so it's time to repress everybody. It's the pro-individualist and pro-capitalist. So we focus on business people, and I'm interested in the 1%. Now the billionaire class is different. What is it? 1% of what? It's like some solution that Sherlock Holmes does, you know? Capitalism. Capitalism. People who are... The richest. The richest. The richest is 7 zeros and a 1. That's the 0, 0, 0, 1. That's the billionaire class. That's different. So the 1% are people who set up their own companies, are successful. What causes them to be successful? You're talking money or power. What are you talking about? Well, you should watch my shows. I don't know. I ask you all these questions. I can't stop everything. I think I got my answer. It's a little vague, my answer, but we'll go with that. Next question. Yes, to move. Second question. Okay. You called this what? Me Too Boo Hoo. Yes. So I don't... And as a white male? You have a question in your perception of what Me Too is, and then I like a discussion of what you mean. One of the parameters here in this show, if you're talking about Boo Hoo, Boo Hoo sounds like it's... You know, it's like, we're sorry about Me Too. Is that what it is? Yeah. Well, first of all, I don't really understand the Me Too movement. I don't know what it actually accomplishes. Now, I am a person with forward momentum. I like end results. I don't like wastes of time. So... Is she one of those women CEO people we've been hearing about? No, no, no. Was it answering a question? She's one of those women CEO people. The boohoo. The boohoo? She's going incognito, but we know her secret. Jay, we don't have a lot of time on the show. So the boohoo, to answer your question, the boohoo element is, I think it kind of fosters this scenario of victimhood, this social justice warrior playing the victim thing.  I don't like drama, so I don't like people making a drama out of things. I wish they would just, whatever happened to you, because people came from all sorts of horrible circumstances in the past. Most people came to America, and they made a life for themselves. They worked very hard, and within a generation or two, they became middle class, an upper middle class, and their children became more prosperous than they were. So making a victim of yourself, or blaming your failures, or lack of being successful on some other entity, that is imaginary, or even if it did actually happen to you, you just move forward, right? I don't understand what this is accomplishing, because people have been aware of sexual harassment for a long time, but making a drama out of it, I don't know how it helps them. There's something really cynical in saying boohoo. What do you think, Carol? Well... Let her speak. Let the Asian females speak. Well, absolutely.  Yes. So what different movements do are create an awareness, and hopefully promote education and a change in behavior. So we started with, let's say, the civil rights movement in the 60s and 50s, right? So now here we are 50 plus years later. Civil rights movement. Because indeed, we as a community, as a country, are more aware of a lot of these issues. But do we actually see a major improvement in changes? And there'd be a lot of people in our country would say, no, things are not that much better than they were 50 years ago. So change is very slow.  Equal opportunity for fairness. So again, the Me Too movement is just another opening of the door, creation of the awareness. It's not in and of itself, just because it was started by the awareness of the sexual abuse by one person, in this case, Harvey Weinstein, and his huge powers. It's not just limited to women and entertainment and big, powerful men. It happens every single day. Of course. Now, my thinking behind it is, and thank you for giving your perspective on that, my thinking is, before we get to Harvey Weinstein on the Potted Plant and all that sort of thing, I wanted to highlight a few characteristics that are noticeable, and there are some YouTube channels that actually people can go to, such as Migtau. This is men going their own way, which I find very entertaining. It does bring into light some characteristics of the differences between men and women and how they operate in business. And one of the things that I agree with, actually, is if you have a scenario, or let's say a female is, was being harassed or is being harassed, then I think if you're really successful or talented or really want to do what you want, you will become successful somehow. It's how badly the person wants it. And I always was curious as to know why women don't form organizations with each other. They don't seem to be able to coagulate as easily as men can, and the example- Maybe they're in the context of a business organization. I don't know any others. I'm not in the medical field. A lot of women's organizations around the country. Yeah, sure. They're organizations, but in my experience, I'm just talking from my experience. I can't speak for Carol's experience or other female's experience. And other females might have the same experiences I have encountered. I work mostly with men because a lot of things I'm engaged with are scientific, and that's not to say women aren't in science, but it's a numbers game. There are far more men in scientific areas than women, and that's just a fact, okay? I'm not saying there isn't a capacity, it's just as things are at the moment, that is a fact. Now, what I notice, and this is an expression that is sometimes used, and this is the tagline I used for the show, is that women can't form phalanx. And a lot of people don't know what that means. So phalanx is a military formation, and this was devised by the ancient Greeks. And what it was in the ancient Greek formation was a rectangle, and every Greek soldier had a spear and a shield. And what happens in a phalanx is that they lock shields and point the spears against a common enemy. And the metaphor in the corporate environment for that, when you say women can't form phalanx, it means a man can be jealous, men can be jealous and competitive with other males. But when there is a crucial issue that affects the business, they'll forget about that, they'll wipe it out of their minds and unite together to meet a certain objective. I don't think, and I'm only speaking from my experience, that women can do that as easily. They don't seem to get along as easily because they have various passive aggressive behaviors that I've observed. I like to be, I'm a direct person, so I like people to be up front with me if there's something wrong. Men seem to be more easily able to do that in my experience, whereas women, they sort of go behind your back, and I don't like that kind of behavior. Are you conflating all cultures in the world here? No. European culture? European culture? American? What? I think it depends on, it always depends on the person, and I keep repeating myself. It's only in my experience that whatever these YouTube channels, like men going their own way, are pointing out, I'm saying I agree with some of the things they're saying, they're all wrong. Because I don't like this anti-male movement that's going on. I think if women want to be successful, let them form alliances with each other if they're being stopped. But I don't think anybody's technically stopping anyone. I think they're blaming somebody else for their failure. Can I investigate with you guys how the Me Too movement started? Women's lib has been around, as you mentioned, Carlson, since the 60s. Hero women who wrote books and made speeches, and it did catch fire. I mean, it was a big strain in American awareness. I'm not sure how much effect it had, but I think it had some effect over the years. Definitely. People insisted on it, and it still exists. It existed until, and I would say it existed until the birth of the Me Too movement, which I'll throw out a thought to you. The Me Too movement was born on January 20th, 2017. It had a lot to do with Donald Trump and his inauguration and the women's march that took place at that time. It was a reawakening, a re-packaging, somehow, of women's lib in general. It was another, you know, before Harvey Weinstein, too, before him, way before him. And I think it caught on because Trump is a misogynist, and he doesn't like women much, actually, and remember the bus, don't forget the bus. And so I think women were getting together on this, and it was a movement waiting for an iconic event, and presto Harvey, okay? The party plans. Now it pops right out, okay? And then it expands from that. I mean, I would like your view of this in terms of the dynamic of what happened. So Harvey comes, and that was plain and simple sexual harassment in the old-fashioned classical sense, you know, that we have all heard about, but maybe we don't have too much about it. We don't know people necessarily who would tell us that they were involved in such incidents. Now it's an emancipation of the information about those incidents, okay? And it started out with Harvey, and it went from Harvey to a whole re-examination, if you will, of the relationship and culture between men and women in this country, and as it works out around the world. You know, I went to Australia. This issue exists in Australia. It must exist everywhere now. It does exist. Harvey has had a profound effect on the issue around the world, and that is interesting. The thing is it didn't just start with Harvey. Of course it's been around forever, but you recall Bill Cosby, Roger Ailes. There have been a number of people in the media that have been affected. It's just that no one at his level, at Harvey Weinstein's level, with his power, his notoriety, his wealth, finally getting caught. And so that's what I think caught the attention. Whether Ailes and Bill Cosby, O'Reilly, Fox News, whatever, that was before. So this is all waiting to happen. It was catalytic what happened with Harvey Weinstein. Just to play a little bit of a devil's advocate, I understand what Harvey Weinstein did was wrong, obviously. That's very clear. However, I'm curious about the women going into the hotel room for a business meeting. I find that very peculiar, unless the woman is particularly naive. I would never have a business meeting in a man's hotel room. These were young women in their twenties. There's always an excuse. See, there's always an excuse. And in the ancient world, in ancient Rome, in ancient Japan, acting, the profession of acting has always been associated with prostitution. I mean, this is not something new. The upper classes in ancient Rome, the patricians were horrified when Nero or some other emperor, they wanted to act on stage, because that was something only lower class peasants did.  So it's always been the case. The case in America? I'm just saying there's a problem. No, because everybody wants to be famous here, and that's very shallow. Well, I don't want to disagree with that, too. But I can't generalize and say that just because you're a young actor or an actress, and you choose to have a meeting with somebody who is powerful, who has a great possible influence over your career, in and of itself means that you are opening yourselves up to sexual criticism. But you're correcting that they're young, and I would add to that naive, because if you study, if you look at people who are fascinated by the areas of acting, because it's escapism, it's not being yourself. You're being somebody else. And people who are fascinated by psychology or the study of psychology, they tend to be very insecure and damaged people. OK, I don't agree with that. I want to clarify one thing. Most people are aware of that. You're creating this kind of uniform scenario. And in fact, every scenario is different. Every one of these sexual harassment guys is different. Their MOs are different. And the women who were snared in the sexual harassment, they were different. They were there for different reasons. Some of them were completely victims. And they were snared against their will, absolutely against their will. And whether it was rape or just harassment without rape, they were brought into it against their will. And they could have avoided it, but they didn't avoid it. And then you get the other kind who may have suspected there was something in that hotel room. Well, who may have actually wanted to seduce them. Yes. There's a range. And there are men who want to seduce women. There's a wide range of possibilities of scenarios. We should not characterize them as a single uniform experience. It's just an observation I've made about people who are fascinated by acting and wanting to be famous and interested in psychology. There's a little pattern. Here, a title about women and the phalanx. And I wanted to ask you in Greece, were those all men who were in the Greek army? Of course. The women had some power. But in the army, I mean, physically men are stronger. Yes, exactly. So therefore, the measure of how the phalanx should work is based on white, because they are Greek men. So their measure of success is based on how that phalanx works. And yet women could have come to a different way of measuring success or winning the war that didn't include this phalanx. It could have been some other. The phalanx I was using. You don't have to have a phalanx. The phalanx I was using as a metaphor for how women and men behave differently in a corporate and pressure-filled environment. And the thing I'm angered about what's happening is this anti-male movement, which if men are too busy moving civilization forward, they're not busy trying to stop something. What is the anti-male movement? Well, it seems my perception is that this me too is part of this hatred of men. While things go wrong, they're very sexual. You know that is just a further expression of women's live. You think it's more than that. I think it's a little bit more than that. And there are various YouTube channels by men who are expressing this. That's all I'm bringing to light, because you don't hear the other side sometimes. So I'm just, I'm not saying I agree with everything. It's just an observation I'm making. And you know, it seems to be divisive. It seems to be separating men and women. It's just a little bit of a divisiveness. And I'm protective of Jay as a white male to make sure that he doesn't get harmed in all of this. And what I see though, and I and Carol, and the reality, what I see is that as in every major seismic change, sometimes we overreact. And one, if the center is the right place to be, and we've always been too far to one direction, which is too much sexism, too much racial biases and discrimination, right now, maybe we're in a position where we have overcompensated, and now where we should be where men and women, black, white, red race, old and young, disabled and fully capable of functioning, be equally treated or fairly treated, we're not there right now, because we're compensating too much on the other side. And in this case, that means that the white male who has been mostly the perpetrators in these sexual harassment cases that have come up have been negatively affected. I'm sure other kind of men perpetrate sexual harassment. And I think we'll come back to the center. I think that's my point. That's very interesting approach. I would like you to come back to the center. And we have a social disruption here. Exactly. And this disruption, as any good and valid social disruption, it goes too far sometimes. It doesn't go far enough other times. It's self-disruptive, isn't it? So my question, and really, I think you need to cover this as the host of this discussion, Pauline, is what has happened since Harvey? In fact, what has happened since January 20th? I don't see much change, actually. What is the dynamic? Well, no, I think there ought to be a lot of change going on. The different scenarios are popping up. What? Women who were not at all in the kind of spiderweb that Harvey Weinstein has created in his studio and all that. Women who have not been nearly as much harassed, if you will, have come forward. When we say, me too, we're finding people who've now recently come forward, who we would not have considered in the Harvey Weinstein scenario. Well, let's talk about the Dr. Nasser, Larry Nasser.  And now we know young men athletes. So where years ago, and obviously, they kept silent all these years, thinking perhaps it was their fault. It was too shameful here. It was this person, this doctor who was well known and admired. How could he be doing something wrong? So finally, a movement like me, too, gives them the sense of, my voice is worth hearing. I have confidence in what I actually feel. And it gives them that strength to go for it. Is that bad? No, that's good. The doctor is a good example. But we also have to be aware of women who are doing this for attention-seeking and doing false claims. You have to always be on the other side of the spectrum. It's a rainbow. They're not all telling the truth. But it's true in everything. So we have lots of different scenarios going on. So I would suggest to you guys that there is a dynamic happening. The dynamic started arguably in the expansion of this whole motion on January 20th, largely because of Trump. Trump is still in office and still doing things. He's never been brought to the carpet on this issue, right? Never. And I think a lot of women are playing him out as a proxy. This is a proxy for going after Trump. This is their way of expressing the issue that he is not resolving. And there are other proxies, other situations, like this that are similar, including white supremacy and all those things that he has created. So there's a dynamic. And what I'm really asking is, where is this dynamic going? Is it going to be spent soon? Because the press moves on. And distraction distracts distraction. So at the end of the day, are we going to be having this conversation in 60 days or 90 days, or will something else come up that marginalizes it? Will it go under the waves? And I really don't have the sense that this is a permanent kind of fixture. I have the sense that this is something that will last a certain ephemeral length of time, and then we'll have some other distraction. But I would like to think that it has seeped down to a next level, which is you find now businesses, corporations, small employees, employers are doing education. Self-reflection, what have we been doing that has caused this situation? What can we change? How can we educate not just the women, but the women and the men and their customers and the relationships and their policies and everything? So I think that is good. And that change, even though it might be very slow, and there might be times where it goes backwards, it's moving forward. Yeah, but perhaps it's the approach. Because I, by and large, deal mostly with professional men. And the people who have caused most problems to me are other women. So there's that scenario as well. And that's my experience. That's been my experience. And your experience is different. So do you want to tell people a little bit about that? As I said, I came of age in the 60s and 70s. I went to law school in 70s when there were 15% women in my class. When I moved to Hawaii, I was the first president of an organization called Hawaii Women Lawyers. And that organization still is in existence. Our goal is actually someday to be not necessary, because we don't have Hawaii men lawyers. We have Hawaii women lawyers because there's been a need to have an organization that represents women to promote women as judges, as partners, as department cabinet heads. And we've done all that. We go and testify. And we bring applications for it. And we promote opportunities for women to develop leadership. You're talking about a motion, a movement, rather, that has existed for 50 years or 60. And it has certain traction. And you've been actually, in this state, you've been an important person in all of that. But that's not what happened on January 20th. And it's not what happened with Harvey Weinstein and his progeny. What's happened is that raw sex got involved here, raw sex.  The reality is, just like in Spotlight and the Catholic Church, and those young boys and the priests and all that stuff, which is still a terrible still going on and still being discovered. And I suppose the change, if we're looking for seed changes, is that people are less reluctant to come forward. And that's something. But bottom line is, I think there's a distinction between the women's liberation movement, equality of women, fair pay, and whatever it is in corporate life. You're talking about corporate life and the phalanx issue and all that. Reality is, this is about sex.  And that is almost like another discussion. Yes, it is. So that's the me too part. So the other discussion, because we want to talk about female entrepreneurship, is that one of the things I wanted to combine these concepts is because I get annoyed when it's almost as if, and Bill Burr, the comedian, talks about this a lot, it's almost as if women, they kind of are insulting or say something or they're not responsible for the actions. They kind of regress into being a little girl. So what I noticed is that they asked Elon Musk. They said, where did you learn how to design a rocket? He said, well, I went to the library and I read a book about rockets and I designed a rocket. So it's not as if there's a boogeyman that's stopping women from doing what they want. Women have been left alone for decades now, but I don't see a lot of them going to the library and learning how to design a rocket. It doesn't seem to be the hard wiring in most females. I'd say in a smaller percentage of females, yes, that exists and you shouldn't stop those people. But forcing- Is that your definition of success? But no, I'm just giving an example. I'm just giving an example of Elon Musk. Somehow, because in my observation, and you might disagree, but a lot of people have come to the conclusion the best chefs are male. The best, it seems like the men have a creative force that the women lack. My subject is freemasonry. Women are freemasons as well in certain jurisdictions, but they didn't invent their own ritual. They just copy the male one. So this has been my observation that, number one, nobody's stopping technically people from doing anything. If you really want to do something, you will make it happen. And the other thing is there is a lack of a creativity. There seem to appear to be some things that the male has naturally and the female has other characteristics that might be useful, but it's not the same as the males. That's all I'm saying. But are you basing a value judgment on which is better? No, I'm not saying one is better than the other. I'm just saying to force women, we need more women in oil and gas. Well, I don't think they're interested in heading up oil and gas companies. There may be a few, though. Okay, that's fine, but there are a few. It's not the vast majority of the female population that wants it. What's it got to do with the Me Too movement? Oh, we've shifted the subject. I'm going into the entrepreneurship, as I mentioned before I did it. So... Well, but that's not the show here today, is it, Pauline? Oh, well, it's the combination of it, because of the theme of the show. Because to me, that is an underlying process, an underlying movement that's been happening and there are fits and starts and there's progress and maybe not so much. But what we really have, the news of the moment, if you will, the one that pops up on the front page is not about that.  And I think the discussion there is more about the difference between men and women about our culture, how we are brought up in our culture, how we are taught to think about sex, both sides, and how we express ourselves in the frustration of not being able to realize the biological implications, impulses of our sexual gender. And I think it's also the presentation of it, because if you have women wearing pussy hats and dressing up like vaginas, I think men just laugh at that and think they're silly. And sometimes there's a contradiction in the behavior where if Ali Reisman, she was abused by this doctor and then she poses nude, it confuses men when women do things like that because, you know, men think a particular way. It's a mixed signal, isn't it? It's a mixed signal and men get really confused by those mixed signals and that's all I'm saying. And unfortunately we don't have more time to go into this, but maybe we can pick it up on next year's International Women's Day. Hold that thought. Thank you, white male and Asian female for being my guest. So we're politically correct somewhat on this show. And this is my last show for this year on We Like the 1% and I'll see you next year for more of We Like the 1% every Thursday at 11 a.m. Until then, safe travels and aloha.


The ringing doorbell was harsh in the quiet night. I glanced at the time on my phone, 10pm. Why would someone be ringing the doorbell now? I slid my finger across the screen and pulled up my camera app, peering through the doorbell camera. There was no one there. As I watched the camera, a notification popped up and a melodic sound cut through the air. Doorbell alert. Someone had rung it again. There was no one there, though, at least not on the camera. My hands were slightly shaking as I stood and started towards the doorway. I already had a nervous temperament, but things like this always made it worse. I'm sure it's something innocent, something wrong with the camera system. I hope so, at least. I walked towards the front door and peered through the peephole. To my surprise, there were two young children, a boy and a girl, standing on the porch They were heavily disheveled, wearing stained and dirty clothes torn and hanging from their body. The doorbell rang once more while I was standing there. I pulled the door open and squatted down. Hey, what are you doing out so late? Everything okay? Where are your parents? The two kids seemed to stare at me without registering what I was saying. We sat there frozen in time until the boy spoke up. May we come inside? We've had a rough night and it's freezing out here. He sounded polite and well spoken, especially for someone that looked like they went through something traumatic. Now that I had a closer look, I could see the little girl had her hand on her neck, pressing a cloth down. Yeah, yeah, of course. Come on in and get warm. I moved out of the way and both children walked by slowly, keeping pace with one another as they entered my home. They seemed to know where they were going because they went straight into the living room and sat on the couch. I followed behind and sat across from them. Let's start again. My name's Andy. What are your names? I gestured to them, encouraging them to continue speaking. The girl still had a plain look on her face. No reaction to my words. My gaze was drawn back towards the boy as he spoke. My name's Frederick and my companion, my friend here, is named Margaret. We got a little lost tonight. Just need some time inside to warm up and then we'll be on our way. He seemed strangely calm as his eyes pierced into mine, staring directly at me as he spoke with confidence. Where are your parents, Frederick? It's pretty late for children as young as you two. Do you know their phone numbers?  Perhaps I imagined his reaction. It was late even for me and I was already pretty tired. Nothing to worry about. We're quite mature for our age. Our guardians, our parents would not worry about us. Just let us rest and we will bother you no more. His smile was weirdly serene. He was seemingly unbothered by the fact that they were in a stranger's home wearing dirty and torn clothing. This late at night, I tried to focus, but I found myself staring at his piercing blue eyes and fatigue clouded my brain. I shook my head and tried to continue the conversation. Can I get you something to drink at least? Would you like something, Margaret? She's fine. She needs nothing from you. I will take some wine if you have it, preferably Bordeaux. I tried not to chuckle as I responded, a small smile on my face.  How about I make some hot chocolate for everyone? I'll be right back. I walked away to the kitchen before he could say another word. I laughed internally at the thought of such a young child drinking wine. I guess he figured it didn't hurt to ask. I pulled out the pitcher I used to make hot chocolate, a simple white appliance with a small blender in the bottom and poured in the mix with some milk. With the press of the button, it was quietly warring away. I could hear soft spoken words coming from the living room, but couldn't make out the context. It was clear that the girl was speaking now. I went back to the living room entrance and saw that she'd lifted away the cloth from her neck. There was deep red blood staining the fabric.  He had the cloth held up to his face. His eyes closed as he seemed to sniff at the fabric. I slowly backed away and re-entered the kitchen. Something was off. They were already weird for children, but this was just wrong. I could feel it deep in my gut and decided I needed help. I felt sick as I tried to think about what to do next. I pulled out my phone and dialed 911. A pleasant female voice rapidly answered it, 911, how may I help you? Yes, I had two young children, a boy and a girl show up at my house tonight. The girl has an injury to her neck. I need the police here right away. I think the boy heard her and they ran away from home. As I told the operator more information, I heard a sudden hissing sound behind me. I spun around and saw that the children were in the kitchen with me. The boy had a hideous face. He looked furious. His face startled me, and I dropped the phone, the last bit of conversation fading away as it bounced to the floor. How old are the children? We'll be sending paramedics with the police. Can you confirm the address? The quiet voice emitting from the phone was interrupted by the sharp tones of the boy. You shouldn't have done that. I wasn't interested in you. I have Margaret already. I was confused. My mind felt clouded by more than just fatigue now. It took all my energy to say a simple sentence out loud. I'm just getting you help. I saw the wound on her neck and was concerned. That's all. The police will be able to help you better than me. The boy's eyes were piercing mine once more, swirling blue pools that reminded me of the ocean. I was losing focus, and I couldn't seem to concentrate. I could barely focus on the words he spoke next. Come down here, Andy. I have something to show you. I couldn't stop myself. I felt compelled to move forward and kneel in front of him.  He opened his mouth, and I saw that his teeth were stained red, a rotting smell coming from his throat. I wanted to gag, but I couldn't move.  A sickening crunch filled the air as he broke his fingers off, exposing the shining bone of the middle joint of each finger. He'd spurred it onto my face as I stared at him, frozen and motionless. He started to laugh as each of the bones began to grow, lengthening and rotating into sharp spikes. My heart was pounding in my head. It felt like a migraine that I could not escape. I watched onward, feeling a vile acid burn the bottom of my throat as he held the tips of his fingers out towards the girl. Her eyes widened, and she jutted her head down towards his open hand. I could hear crunching and sucking sounds as she ate each of the fingertips from his palm. He continued to laugh as he started to tickle my throat with his fingers. I told you, Andy. We didn't need any help, outside of just wanting to get warm for a bit. We would have just left if he hadn't called anyone. I could feel a small dribble of blood slowly trailing down my neck from where one of the bones had scratched me.  He seemed exhilarated as he started to pull me close, moving his mouth to the small stream. Suddenly, he froze as his eyes darted away, the sounds of sirens filling the empty night, flashing lights shining through the edges of curtains. He sighed and he let me go. It seems you're lucky tonight, Andy. We're interrupted. Another time then. I look forward to seeing you in the future. He had a slight grin as he lifted the girl into his arms, carrying her as if they were freshly married. The girl had a giddy smile on her face as fresh blood stained the edges of her mouth. He disappeared out of sight and I could feel my mind clearing once again. I grabbed my neck to clamp down on the wound, but realized it was only a tiny scratch.  Still pounding is my breathing calmed down. I didn't know what to tell the police when I finally answered the door. I think they thought I was drunk. I showed police the camera footage and alerts, but they seemed more annoyed than concerned. I could have sworn that as they turned off their flashing lights, I could see two pairs of eyes staring at me from the dark, a couple of houses down. I didn't know what else to do. I decided to attack one of the officers, hoping to just go to jail. And I got my wish. The resulting struggle placed me in custody for the night for being intoxicated. I've been staying in a motel on the other side of town since I was released. I'm trying to find some ways to get my belongings and sell my house without returning. My funds are draining, though, as I waste time scared and helpless in what to do next. What scares me the most is what I saw on TV while trying to distract myself. A little girl who'd been kidnapped in the past week. A little girl named Margaret.


Good morning, John. Now, okay, what is this? Why am I doing this? Now, why am I showing you this very bad image? You know, just because it's objectively one of the best images ever taken in all of human history. But first, when I was a kid, I was really frustrated by something. We knew where we lived in our galaxy. We knew how big the galaxy was, how far away other galaxies were. But there was a pretty simple question that no one could answer for me. How many stars are in the sky? Now, there's a bunch of reasons why this is a hard question to answer. First, that number is very different depending on conditions. Like, if it's cloudy, the number is zero. If you're in the middle of the wilderness on a clear day, it is much higher. And also, it's very different depending on the equipment you're using, like if you're using your eyes or binoculars or a space telescope. And once you start thinking about equipment, then you're not really asking how many stars are in the sky. You're asking how many there are in the Milky Way galaxy, and now you've got a new problem. Now, you can't just count the stars in the Milky Way for two reasons. One, if you take a picture of it, you can't see a lot of the stars because there are these giant clouds of gas blocking out huge sections of the galaxy. Second, and more importantly, there are just too many stars. John, back to my image. This photo is actually 2 million photos taken over 10 years by the Spitzer Space Telescope, which ended its mission this week. And let's actually move over to some software that will allow me to zoom in on it without crashing my computer. Spitzer is an infrared telescope, which means it can see the heat of stars even through all of those gas clouds. And so we can actually see a more unoccluded galactic core. And still, we can't see all the stars because of all the stars that are in the way. It's like a soup of stars, like bioluminescent plankton in the waves, except that every point of light, every microorganism, instead, is a solar system. This view is looking through almost all of the galaxy. And because we are taking that picture from the edge of the Milky Way, where our sun is, there's a lot of galaxy to look through. Instead, we can also look outward through the thin band of the galaxy that is between us and the intergalactic void. And there, beautifully and upsettingly, we have a thinner soup, but still a soup. John, there are a lot of stars. And if you ask an astronomer today how many stars there are in the Milky Way, they will tell you somewhere between $100 and $400 billion. And that just seems so wrong. That's a huge range. But we cannot count. So we estimate based on the galaxy's mass and what we think the average mass of a star is. But both of those numbers have significant wiggle room right now. And so, dear child Hank of the 1980s, it is 2020 now. And we still don't know how many stars there are in the Milky Way galaxy. But you can get an idea of what hundreds of billions of stars look like from this image that took decades of work to create. And that's pretty cool. John, I'll see you on Tuesday. Thank you to all the people who worked on the Spitzer Space Telescope project over the years. This galactic map was, of course, only one of the amazing achievements of that project. It was only 100 years ago that we were arguing about whether or not the Milky Way was the entire universe or whether there were other galaxies out there. The person who finally proved those other galaxies were there and did exist, his name was Edwin Hubble. And the guy who first conceived of the idea of putting telescopes in outer space and was a huge champion of the Hubble Space Telescope, well his name was Lyman Strong-Spitzer.


Okay, good afternoon to everybody. So this is joint work with Erwin Dervisevic and Lisa Perova from the World Bank. And in this paper, we look, as Kunal was introducing, we look at the relationship between maternal employment and child development outcomes, social health and child education. We focus on a developing country context, in particular the countries in Indonesia, we look over the period that goes from 1997 to 2014, and as I said, we focus on a wide range of dimensions of child development, such as health, also immunization outcomes and education outcomes. And we aim to understand, to unravel in a way, the causal impact of maternal employment. And also to consider, at the end of the presentation, this will be more clear, what are the channels? So as we would see in a minute, of course, income is one of the main channels that connects maternal and parental child development, but there are a number of other pathways that should be considered, and in particular, we focus on decision-making powers, over getting power, and social interactions, and the better networks created by mother's work. So what the theory says about this relationship? As I was saying, in general, the relationship between maternal employment and child development is the effect is not unambiguous, in the sense that on the one hand, maternal employment means more money, more income, which is brought in by the employment, so more investment in child health and education. But at the same time, maternal employment comes at a cost of less time spent with children, more stress, and this, of course, can be harmful for child development. However, as I was saying, there are other channels that we could consider. So for example, so others say potential benefits. One of these is, for example, more equitable gender norms. This is especially the case for daughters. So mothers who work know better, say, the value of being educated and having a job, so they might invest more in their daughters and so transmit these more equitable gender norms to the next generations. We might expect also greater paternal involvement simply because of the new division of task within the household. And last, there might be also important informational benefits that come from the exposure to a larger network. So simply mothers who work connected themselves with a larger network of other women or other mothers and can acquire more information about child care through this exposure to a larger network. So what does the literature, the empirical literature says about this relationship? Well, in a parallel work that I've been doing with one of the co-authors of this paper, Lisa Perova and then with Sarah Reynolds, we are doing a systematic review of all the literature over the last 20 years which examined this relationship, looking at both developed and developing countries. We came out with, so only, we selected only the papers that basically tried to unravel the casual impact. So papers using a heavy approach or fix effects or a mix of fix effects in the view. And we came out with only 25 papers, 24 developed countries and five for developing countries. So there is, of course, bias, which is mostly data driven in the literature. And what we see if we look at, so these are all the sub-studies. So in each paper, of course, you can find more dimensions that are examined. So in total, we have 39 sub-studies. And what we see is that in general, overall, the fact, there is very mixed evidence. In most of the cases, when no effect is found, so null effect, we see some positive, beneficial effects for health, obesity, and schooling and stunting. But null or negative for behavioral and cognitive outcomes. Even more interestingly is when we look at high income countries versus low and middle income countries, and there, it's more easy to see that actually the papers will find a positive effect, mostly are focused in a developing country context. And these already points or suggest that probably in the low and middle income countries, the income effect might be stronger than what we see in developed countries. So this paper basically contributes to this very narrow literature that we have, empirical literature that we have for developing countries. And it expands on the East Sandation Pacific region. As I said, we analyze a wide range of development outcomes, controlling or checking also for the multiple hypothesis testings. And we apply a strong identification strategy, which basically is an IV approach. And we have a rich data set and control for also the income to also see the effect at net of the income effect. So the data that we use is a longitudinal survey data from Indonesia, the IFLS. We have four ways, 97, 2000, 2007, and 2014. We merge this data with other data, which is the Sakernas, the National Label for Survey, where we take information that we will use for our instrument, information on the employment by sector. And we also use data on import tariffs, which again is something that we will use for our instrument, which I will explain in a minute. We come up with a big sample size, more than 44,000 observations. And we have, our analysis carried on this sample, which includes how sorts with ups and fathers. So basically what we have, you have just summary statistics, we have the main analysis based on the pool sample, where we control for father characteristics and we will control for a dummy, indicating whether the father is present, interacted by father characteristics. We have a big set of controls, including also culture that we capture by the matrilocal ethnicity. We heard about this this morning at the plenary and controlling also for the presence of grandparents in the house, etc. We, as I said, we have, so the main variable for mother employment is a binary indicator, where employment indicates private wage work, work for public sector, government institution, self-employed employment, unpaid family work and casual work. And the child development outcomes are, as I said, wide range of outcomes, including immunization, that we measure only for children age 0 to 5, and health outcomes such as height for age, stunting, wasting, underweight, the level of hemoglobin, lung capacity. And we use this information separately, but also jointly, because we construct a ZETA score index, a KKL index, of half.  And also, we use this separately, but also we compute a composite measure with this ZETA score index. And so, about the relationship and the difficulties in measuring the fact. As I said, this is, there is very much, this is an endogenous type of relationship, and why is it endogenous? Well, because maternal labor market decisions can be determined jointly with the child outcomes. In a nutshell, mothers whose child is sick might decide to withdraw from the labor market, for example, to stay more with the child, or on the contrary, they actually can decide to work more or to enter the labor market to earn more income, which again, might be beneficial for the child. Also, we might have another problem that is in the error term, because, for example, we assume that children of working mothers kind of inherit some good, so good levels of innate ability, more intelligence, more, you know, willingness to work, et cetera, motivation and productivity, then we will end up with a kind of bias sample. So we address this issue by adopting an IV approach, where we consider as an instrument the exogenous reduction in tariff, which happened in Indonesia, following the measures recommended by WTO. And in particular, we consider basically the change in tariff, weighted by the sectoral intensity, female intensity in each industry, and we control for us the income. So, as I said, this is basically our exogenous variation, the import tariff reduction, started in late 1994. We see over time a big reduction, and we see that this also big difference is in the intensity, female intensity across different industries. And we basically use these two types of information to construct our instrument. So the first stage is basically maternal employment against the change in tariff, where, as I said before, this change in tariff is nothing but the difference between 1995 and the time at which maternal employment is observed, weighted by the ratio of female employment in each sector over total employment. So a quick look at the result, we see interestingly that maternal employment has a positive and significant effect on health outcomes. And another thing which is interesting to note is that controlling for income doesn't change the coefficient that much. And this already points to kind of no big importance in the income channel in the Indonesian context. Same if we look at schooling outcomes, we see a big effect, which is basically something like 1.4 standard deviation higher. So the Zeta scores of children of working mothers are 1.4 standard deviation higher compared to children of non-working mothers. When we look at the different indicators, we see that this effect is mostly come from height for age, hemoglobin, and stunting. And all the indicators for schooling are significant and very large. By age, we see that the fact is stronger for health among the youngest children, and for schooling is stronger among the oldest children. No differences by gender, so they are both significant, but the coefficient is a bit larger among girls. And also interestingly, all the fact that we observe comes basically from rural areas, no effect on the urban areas. So the last thing that we want to understand is after we observe that basically controlling for income doesn't change that much our coefficient. So what can be the other channels that brings this positive effect? And we focus on three mediating factors, bargaining power, mothers participation to networks, we used different proxies for that. And this is particularly important in the context of Indonesia, which has this long standing culture of mutual aid, which has been shown in the literature to be important, for example, for the productivity in small and medium enterprises. And then we consider also mother health related behavior. So how do we take this into account? Because of course these mediating variables are also themselves endogenous. And so in order to kind of address this issue, we adopted a strategy which was recently brought by paper by Dipel et al in Economic Journal, that basically suggests that when you have a mediating variable, which is itself endogenous, what you need to do is kind of two sets of two-stage square regression. The first set is basically the effect of maternal employment on the mediating variable, where the maternal employment is instrumented by the tariff. The second set of regression is the first part, the effect of the instrument on the mediating variables controlling for maternal employment. And then we have the second stage, where we have the child outcomes, where the mediator is of course instrumented by the tariff. So the direct effect of maternal employment is nothing but the coefficient on maternal employment in this last stage. And then direct effect, so the effect of maternal employment on child development through bargaining power, for instance, is nothing but of course the product of these two coefficients. So going to the results, we see that for this first set of regression, so that basically establish whether this mediating variable matters, we see that in all these cases, these have a strong and positive significant effect on maternal employment. And when we look at our main regression of interest, so how much of the total effect of maternal employment is conveyed through these mediating variables, we see that it's actually mostly captured by bargaining power and by mothers' participation, mothers' exposure to larger networks. So this is proxied by participation in voluntary labor, in village improvement projects, and in savings and rotation, and credit rotation groups. And for our last set of mediators, which is of course very much related to the previous one, we see that also, to a smaller extent, this mother-self behavior, it's an important mediating channel. So to sum up, as I said, this is a contribution to this very narrow empirical literature on developing country context about this relationship. We have interesting findings that basically posit the existence of a positive relationship and significant relationship between maternal employment and child development outcomes. We observe that contemporary household income doesn't play too much of a role, but it's basically what participation to the labor market brings. So exposure to networks and more bargaining power that matters more as a mediating channel. So I think I used all my time. So with Closidia, can they take some questions?


company called the stock swishing today. Here I am to review the spy. Guess what? Market is higher. I've been saying that all along. So many emails I've been receiving from people saying no the markets bearish. I've taken a lot of criticism from people who were saying no we're not going higher and this that and the other thing. But the fact is that we really are going higher and after the last two days in the market we absolutely look like we're going to make a new high, which I've been predicting for quite some time. Now how is I able to do that? I look at the gaps. The market gap this morning. Let's look at it. Actually it gaps yesterday too. The market had a beautiful amazing gap up yesterday, Tuesday. So here you have on here the 23rd where we closed at 20521. We gapped up. This is gorgeous actually. And we gapped up and opened right here. Boom. Snug as a bug in a rug at 21617 and we just basically powered trying to rally it all day. Great move up for the market. $2 plus. Nice fat green bar. And guess what? We had followed through in a gap up today and on the live day we're even following through. This is another bullish gap in the market. So we closed here and gapped up then today. The market's higher and I've been predicting it all year. One of the things I do very well is predict what a stock or or any chart, and this just happens to be the chart of the SPY, I can predict what it's going to do based on the gaps. Reading gaps is a sophisticated way of making stock predictions. You have to learn how to read the gap though. This is what I teach in my gap class, but it absolutely works because I can predict something like this market move when literally almost everyone out there has been screaming bearish, bearish, bearish. And people were saying bearish when this activity was happening in here in the last few weeks in May. And I wouldn't say it was bearish, but it really wasn't bullish in the way that I wanted to see the follow through after we had this beautiful rally here back at the end of April. We didn't we didn't go anywhere with it. And maybe we didn't looking at the chart now taking a step away because we literally from the low in here, but since then, which was February 11th, we almost just went vertical up. So we just weren't ready to go higher yet. But you know, we're definitely doing it now. And we're definitely doing it. We're going to make a new high in the market and I predicted it. And so many people didn't believe me. And then just because we didn't shoot right up isn't mean we weren't going to do it. I made this call weeks and months ago for people that are in the spider options long. And some people are short and the market's not assured. It never was a short. It never was a short. We held the uptrend. This was a great call. This alone is one of the most amazing calls I've made and is one of so many reasons to learn from me and take my gap class. Because many people out there that trade think they know how to recharge correctly. And maybe they know how to read support and resistance, but it doesn't tell you what the next move is in the stock. Being able to predict what direction something is going to go in in the gap, what direction something is going to go in the chart based off of the gap, even with the targets and the numbers and the areas that it will hold is something that I teach in my class. My class is the sophisticated way of trading the market. But it is very simple once you learn it because you just look at the 26 points and that's all you have to go through in the morning to figure it out. But there's just this is just fantastic. So I've taken a couple days off and sometimes it's good to do that.  Perfect. Once again. And we just couldn't look better. I mean, we only have two more days left in the weeks, but so I don't know what we do. But we look terrific now in the market. And we're not even getting that kind of blow through that I talked about yet, which kind of happened a small amount in here. And I'm just trying to this is just nice steady buying going on the last two days, by the way, really, really may not happen until we get over to 12. It may not happen to be over the high. So people have shorted the market and they may not cover until we get over the high. So we may not blow higher until we get over to 15 we may we may get over to 15 and just go shoot up like a rocket right up to 220. That would be amazing. And it would be really amazing if it happens sooner rather than later. So if you would like to learn how to predict what a stock or any ETF or the US market is going to do, then it is necessary to learn a strategy that can predict that my Golden Gap course and strategy is sophisticated enough to be able to predict what somebody's going to do. Even when many places and people out there were calling the market bearish and reading just trend lines and moving averages and higher highs and higher lows and lower highs and lower lows and pivot breaks. Everyone was saying bearish. And even the 200 period moving average, which is this red line had started to slope down. And yet, we were not in a downtrend. We were holding the uptrend. And the way I know is because of the gaps. So great call by me. And I'm very happy everyone that's in the spider options. Good luck. And if you'd like to sign up for the next Golden Gap class, it is June 11th and 12th. And I'm running a Memorial Day special through June 1st for everyone to be able to learn my system, take the gap class and get a lot of assistance from me. I'm offering three months free in the live trading room, three mentoring sessions. Everyone's learning curve is different. So between being in the live room and getting my calls and then also getting the mentoring sessions. I really, really think it's just going to be fantastic for people and they will get up to speed sooner rather than later this summer for the next quarterly earnings season. We'll show the third quarter. Have a great day everyone. Email me at Melissa at the stockswish.com if you'd like more information. Thanks and have a great day.


Electrochemical impedance spectroscopy, EIS, is a powerful tool for monitoring the health of lithium-ion batteries. It measures the impedance of the battery over a wide frequency range, allowing researchers to detect changes in the internal structure of the battery as it ages. EIS is able to provide more accurate information than traditional methods, such as voltage and current measurements, making it ideal for monitoring the health of lithium-ion batteries. This article was authored by Ming Zhang, Yan Zhuolu, Dijili, and others.