As we have turned the corner on January entering February soon. It'll be nice enough to gulf We have a good program today a couple announcements in advance. A couple of other announcements as Anybody who's in the city of Sheboygan knows may 21st is the the second excuse me me Wow, how did that where did that come from? February 21st is the second installment of the mayoral recall election The the second and final Obviously as everybody knows there it's down to two people a mayor Bob Ryan and Terry Van Akron former representative Terry Van Akron So remember that date. I think they actually have a debate coming up. Is it tonight or next week sometime? The ninth okay And then the next day after that On February 22nd is the Chamber's annual dinner award celebration and That'll be a big event has been a big event is a great event Recognition is given out on various categories. So we encourage you to attend if you're able it'll be a fun fun night That's all the announcements I have our first Friday forums just to give you a kind of the review of the lineup in March We have our legislators coming here to give us an update on on what's happening in Madison Or not happening in Madison and Then in April we've got our topics, but we haven't confirmed our speakers yet But in April we're going to have a group of people a forum on our on economic development in our county so we'll obviously have people like Patrick Drain and the executive director of the Shavuilin County Economic Development Corporation and Probably some representatives from different municipalities to talk about Economic development taking place in Shavuilin County and then in May we are focusing on having a forum We're still putting the details on energy, you know kind of we hear a lot about wind power and solar power and they're not worth it and and Drilling and not drilling we're going to try to assemble a panel to talk about Some of these energy and really kind of give us some accurate information as to how much How much that you hear is true and what isn't so I think that'll be an interesting program Hopefully we can get every all the details together and then in June we have our legislators coming back again for the quarterly update So that's through through the middle of the year I Believe that said anybody have any other questions or observations? Announcements, okay. Well our speaker today is Todd Berry And we'd like to bring Todd back on an occasional basis to give us the an impartial view of the state taxes of climate in Madison Whatever else he wants to talk about and so Todd is here to do that and Todd has been executive director of the Wisconsin taxpayers Alliance for a number of years He's got a PowerPoint presentation, and I'm sure some interesting Maybe controversial comments during the long the way so Todd welcome Well, it's good to be back now the other thing I need to know do I need to is a remote or should I take them? Should I just stand there? Because I can I can run it and if you can hear me I'll talk loud I can do Obviously this is supposed to be sort of a herd of Wisconsinites wondering where we are going I'm going to talk a little bit about the economy because both sides of the aisle are doing a lot of Finances Somewhere where I don't go and that is talk But talk a little bit about the current politics of the state Promise that These are samples of our publications are this one happens to be on the state's budget and So do you want background on what I talked about? That is useful. This one is sort of a Wisconsin's finance right now in contact with other states and What you'll see is that a lot of states have Faced similar challenges in that many cases solve their problems in similar ways And then finally, there's just a little brochure about us if you would like to receive Materials About the economy Sorry, I should have taken care of this in advance Okay No, I can do it and can everybody hear me is this is this audible is it on I can't Okay This is a slide that I often share with people It's per capita income in Wisconsin compared to the nation with the nation being that line That's running along the top there and this goes back to 1929. So this is long History and we go up and we go down But if you were to try to average it out over the last 10 or 20 years, you'd probably say our per capita income is something like One to three four percent below the national average You can see that coming out of the recession of the 80s We clawed our way back to within a percentage pointer to and then came the most recent economic Era and we dropped again and now we're sort of clawing our way back and I've occasionally been accused of gloom and doom but The good news here is we're that does show we're doing a rebound and we're moving back toward the national average This next slide really is the same numbers But shown in a different way and that is annual growth in Personal income and the point I'm trying to Wisconsin's the red bars The point I'm trying to make here is that Wisconsin and and Sheboygan County in this area would be an example Wisconsin's economy is fairly manufacturing oriented and So we tend to go into recession a little before the rest of the country We also tend to come out a little before the rest of the country And if you look at those red bars, you'll see that on both ends of the timescale there We're growing faster than the country and then we tend to stabilize the country will outperform us and then In the recession and coming out. We've actually grown a little bit faster. Now that is starting to reverse You'll see the the national economy Outgrow us and accelerate and that's not unusual. That's the typical pattern and so we tend to be a leading indicator to some degree and So you'll see on both ends of that. We're outperforming the country This is an another slide that sort of tells the same story. This is monthly Employment growth compared to the prior year the blue bars are the US the red line is Wisconsin and the Dashline is Metro, Milwaukee, Washington, Ozaki Milwaukee, Waukesha County, so pretty close to you And it's in some ways the same story we tend to Outperform the country early in a recovery and then we tend to slow a little bit and you can see that that Manufacturing part of the state that Milwaukee metro area, which in a sense I'm sure you don't want to be linked with but you probably perform similarly to Was really pulling the state economy you can also see it slowing there. I As a result, there's been a lot of political finger-pointing about, you know Are our job is our job growth good enough or are we losing or gaining jobs? And I was quoted in the Milwaukee Journal probably six months ago saying I thought the whole debate was silly That monthly employment figures are of limited value They get revised the next month and they get revised five six seven months later and You know, we can debate this later, but for now I Wouldn't panic one way or the other Our employment growth has been slowing But again, that may just be the economic cycle This is the the same picture one more time. This is total employment in the state and there's that there's Essentially 2007 you can see we were really not growing employment going back to 2006 7 and I it's hard for you for you to see So I mean that shows we were slowing before the rest of the country you can see That we do our dip there and then we start clawing our way back again There was a jump in employment growth in the first half of this year and there seems to be some Backsliding now the question is does that mean anything or is it just the up and down around a gradual trend line up and and again that there's Both sides can spin this however they want and I'm just saying You know, don't let them get you to worked up Here's a bigger point that I think is more important I may have shared this with some of you in the past which is I think something that that both parties tend to ignore and it's probably what they really should be talking about and That is if you look at the rate at which new firms are created in other words new firms as a percentage of all firms the left-hand numbers are Firm creation rates over the last 20 years It's not that we're radically below the rest of the country, but we are in the bottom ten and rather than thinking about ways to lure companies from other parts of the country or Using government to create jobs, which are solutions on both, you know one side of the aisle or the other Maybe what we really should be talking about is Making it easier to get on that trajectory as a newer younger or growing firm The good news is those little numbers at the right what they tell you is Wisconsin although we don't do as good a job of creating as many new firms is We the ones we do create have staying power They're much more likely to survive five or ten twenty years down the road than than the average for the country So that's the economy obviously when you have an economy that's been buffeted Quite a bit and has an impact in the state. You're gonna have state budget problems and we have But what I'm gonna argue is nothing new that we really were our own worst enemy in terms of this We really created problems for ourselves fairly early on in fact the first point here I'm gonna argue is that Wisconsin because it doesn't do government the way other states do It tends to mean that if we have budget problems, they're they're magnified and they tend to ripple. Here's what I mean a Majority a good majority of all the tax revenue that's collected in Wisconsin is collected by state government And yet close to two-thirds of all the services money that's being spent is done So at the local level and this whole thing is held together with large state aid programs Particularly to schools but all also to counties and municipalities and technical college districts So you get into this weird sense, which is what those little pies are there you get in this weird situation where Well over half of the state budget has nothing to do with state government. You're not you're not funding state agencies you're aiding local governments and school districts and if you add in the university system and and corrections and Medicaid which I'm going to come back to and you'll hear Medicaid Medicaid Medicaid again and again You're at 80% of the state general fund budget So if the state has budget problems, you can predict two things one local governments and school districts are probably eventually if not immediately going to take it on the chin because that's where a majority of the money is spent and then You know those five programs The university corrections Medicaid and the and the various aid programs are 80% of the state budget So if you again if you've got budget problems Those are the things that are going to be hit because there just isn't enough money elsewhere To to solve any big financial problems Now as I mentioned and this is old hat. I've talked about this before to groups in the 90s the Wisconsin economy was outperforming the country was growing faster in terms of an income and employment and It was a great time to be a politician because the tax revenues were flowing in and So we could do a lot of things in the 90s. We we greatly increased aid to schools We the transportation fund raids Also spurred a lot of borrowing for highways. So we were indirectly borrowing to balance the state budget There were also some nifty little accounting tricks They could play and real stimulus dollars and we replaced State tax dollars that we didn't have with federal stimulus dollars and sent those to schools and and funded Medicaid with it This is Medicaid and this is a this is not a new slide. I some of you may have seen it before the point simply is that the Dark line that's running up there is people. It's not dollars And so there was dramatic expansion of Medicaid eligibility over the last ten years We're in we now are covering 1.2 million people on Medicaid. The last part of that is is Recessionary, but most of it was conscious decisions by governors and legislatures to keep expanding Medicaid So we're now covering about one in five people Going into this year well the 2011 now The the new governor and new legislature were told that if they did nothing They were going to have to come up with 1.8 billion dollars to continue to fund Medicaid Not to further expand it but just to fund it So right off the bat They were going to be dealt a 1.8 billion dollar challenge There were some other things that were done in the preceding years That also made it difficult Going into the 2008 910 recession Wisconsin didn't have any budget reserves virtually really none compared to other states, Arkansas and Wisconsin were the poster children Although we and despite the recession we continued to grow our budgets and the way we did that was with With federal stimulus money We also did a fairly major tax increase in that period But the federal stimulus money is and Medicaid is really the story of oh nine ten eleven And if you can see this on the slide toward the bottom, you'll see a seven billion dollar figure That's about the amount of money. We were getting from the federal government Flowing through state government every year and you'll notice that in 2010-11 that had spiked at over 12 billion dollars Now of course we're on the back side of that. Well, it's not hard to see why you've got budget problems if You have no budget reserves you've got a hungry Medicaid program and You use a lot of federal stimulus money to pay for state programs and that federal stimulus money goes away and This is a result. This is a slide. I've been using for years just because it it's the It's the slide that keeps on giving This goes back to 1997 and what it says is that in every state budget going back to 97 the state Had various things that it had done in the prior year budget That balanced the prior budget with one-time money tricks gimmicks fund raids, whatever and the press calls that a structural deficit And you can see that through this whole period going into every state budget They were going to have to find over a half a billion dollars right away to pay for the IOUs from the prior budget So why did the state have perpetual budget problems? Well, it's easy You bring in about four five six hundred million dollars in the first year of a new budget And that's about what we were having to spend to solve all the problems we had pushed off So we just it was a continual sort of budget problem to illustrate it with last year Between the structural deficit and what we owed the docks and what we owed Minnesota and Some other things we were looking at close to a one and a half billion dollar set of IOUs or the structural deficit and That's about the same amount that was being projected last year at this time that would come in in new state money This the year we're now in and the year after so to cut through all the numbers and rhetoric all the new money For the new budget was in effect going to be spent to fill all the holes from the prior budget so you put those two together and The the structural problems and Medicaid and it's pretty easy to see What happened that and and one other thing which was a choice In effect all the new money we were going to bring in was going to go to pay off the structural problems the IOUs Medicaid was hungry and We're in this strange situation Where the state budget? Called for over a billion dollars of new spending on Medicaid and yet the Headlines are reading state is cutting Medicaid and so what's really going on is they're not spending 1.8 billion They're spending 1.2 1.4 billion Well There's the budget problem right there if you've got 1.4 million billion dollars of carry over problems And you have a 1.8 million Billion excuse me demand from Medicaid you're over three billion dollars. That's pretty much the budget problem So what are your options? You have three you can increase taxes you can play more tricks and games or you can cut and You know whether you agree with this decision or not The the new governor said during the campaign that he didn't want to use tricks and he didn't want to increase the budget So the point I'm making here is the cards were dealt between the way We what we did in the past What we did during the recession what we did with Medicaid And all and then the decision being that we weren't going to increase taxes or play tricks You're left with with an austerity choice now there was there is a trick in this budget and and I think you can be critical of it and it's one that Prior budgets had used before and that is they restructured some debt In effect there were some bonds coming due and instead of paying them off They were reissued. They got a pot of cash. They used it to balance the budget But that's probably the only major one that you can be critical of This is sort of the budget that was passed last summer and the numbers really aren't Terribly important Except to say that there's two ways to look at the budget that first line there is the all funds budget Which includes not only state tax dollars, but federal money and Then the second line I'm going to show you there is the general fund budget and that's all the state tax dollars Lot of numbers, but the two circles tell the story Despite all the talk of pain and cutting and so forth the all funds budget is up about three and a half percent The general fund budget is up seven to eight percent. You're going. How can that be? I read in the paper that well Look at the the big five programs Medicaid It's up about fifty percent give or take Corrections basically frozen school aides being cut Aides to municipalities and counties being cut we tend to account for that by the way In a slightly different way than some in the legislature do so We show it as being frozen, which is why Adam may not recognize the percentage there I'm sure I'm sure I'm sure Adam isn't feeling that that the appropriation was frozen UW system will cut as well, so What's the budget in a nutshell increase Medicaid a lot and pretty much freeze and cut everything else? Which brings us to A more difficult part of this talk, which is why I have the slide up there We're now treading on thin ice What I'm what I'm going to try to say here is not who's right and who's wrong but to try to explain why what happened happened and And The important point I've already made and that is that the state budget is not a state budget It's primarily a budget to aid local governments So if you have budget problems, you're probably going to cut aides to local governments and school districts and technical colleges And indeed that's what happened. That's what governor Doyle did in 2009. That's what governor Walker did in 2011 the only difference is Walker cut a little bit more, but he had a bigger deficit to deal with as well This creates problems for local governments and school districts There's no denying that and the difference between local government and the state is local government primarily is delivering services with people teachers firefighters Sheriff's deputies and so forth and so local government is labor-intensive and if you have less revenue You're going to have to talk about personnel now When you look at Wisconsin government generally compared to other states, it's sort of a mixed picture One we're not terribly bloated in terms of public employees. We're below the national average So it's it's not a question of numbers Salaries historically, maybe we've been a little above the national average now We're depending on who's data and what you're talking about. We're floating around the national average Maybe even a little below the one point where you can say we're different is fringe benefits and In the school area, which is the best data we have Fringes for public school teachers in Wisconsin were about 40 percent higher than the national average There was there was much as 60 percent over prior years They had slid down to about 40 percent above. So here you have aid cuts to local governments that are labor-intensive and They've got to talk about either laying off people or cutting compensation and Generally speaking the decision was to try to not lay off people but to trim compensation and the way that it Tended to be done where it was possible was by looking at fringe benefits hence all the controversy now What complicates this is if the state decides to give local governments a little more flexibility in how to think about fringe benefits That isn't necessarily going to happen because Wisconsin has 3,000 units of government and local governments may have multiple union contracts and That's what led some of the folks in Madison to start talking about collective bargaining whether they needed to do that or not I'm going to leave to you And I'll run out the room and you can fight about it when I'm gone Which brings us to the political politics of all this And Let's see what we what we know while we know that some state senators were Recalled last summer Republicans and Democrats The both sides will say that their point of view Prevealed in those elections, and I'm going to argue. Maybe neither is true What can you say about elections generally you can say that people tend to vote for incumbents and They tend to vote Whatever partisan leanings they have and most people whether they admit it or not Probably do have some kind of leaning well when you get 45 million dollars of money from all sorts of People and interest groups from outside the state flowing in To Wisconsin to buy TV ads You don't have a sleepy summer election. You have a fall general election. So the turnout was large What happens when you have a large turnout election? People vote for incumbents and they tend to vote their party leanings and that's what happened this summer The seven of the nine incumbents were returned the two that weren't Tended to be sitting in districts that weren't really friend to friendly to them in a party kind of way And who knows what will happen now with this next round? I Will lay my cards on the table here just so I'm not misleading anybody and say that I Don't tend to care for recalls and I don't care who you're recalling I don't tend to care for recalls and the reason is I think that that's why you have elections And I and that's really the norm around the country there the the the norm in Roughly 30 plus states is there aren't provisions for recalls and where there are in Places like Minnesota the recall is for malfeasance for corruption for for felonious behavior and We have a different system and that's you know the way it is and people are going to use it Here's my concern, and this is strictly my own opinion What is this likely going to mean for Wisconsin internally If the governor survives the recall, and I don't know whether he will or not But if he survives the recall There's still going to be half the state angry if he doesn't survive the recall There's going to be some happy people, but there's going to be a whole nother crowd Which is roughly half the state that's going to be really crabby and probably looking for revenge so either way I See dysfunctional politics and and fairly dysfunctional government My bigger concern and and I haven't talked about this except Once on Wisconsin public radio in the last week, but here's my thinking and This comes from having been involved in consumer goods marketing for over a decade and thinking about how People think about products and brands They don't remember everything on the package Wait, you know Number of calories whatever, but they have this vague sense in their mind that if you say Hershey's they think things if you say Ford they think things and if you say Wisconsin Outside Wisconsin, they're going to probably think Packers there. They may think badgers They're going to think colder snow Maybe not true this year, but they'll think that But I think based on speaking outside the state and what I get in terms of questions from people and the press outside the state is What also is attached in people's minds now to the word Wisconsin and you can pick your own word chaos turmoil dysfunction whatever and I think this quote Here that was in the state journal recently really says it. This is from like one of the leading observers of state national politics at the University of Virginia and He says the outside image of Wisconsin is of a state in turmoil and I think that's the image of the state and Don't get me wrong here. I'm not saying somebody's right or wrong I'm not saying it doesn't matter who's right or wrong It doesn't matter who's to blame here the fact of the matter is you step outside the state And I think that's the image and my concern Is that if you're an employer with an employee that you want to transfer here? They may think about it if you're a campus that is trying to recruit somebody here, particularly a campus like Madison, which is not doing battle with Michigan State as much as it's doing battle with the University of Chicago, Stanford or Yale I think there's going to be some hesitance there if you're thinking of relocating a business here I mean, you know, I don't want to deal with Wisconsin. It's just a mess right now That's my big concern So to wrap it up What can we do and the answer is probably not much but if I were emperor, which I never will be And and the first people to say they don't want me to do to be that if my wife and my children, but and even my dogs What have we had for the last 10 or 15 years? We've had a lot of political Short-term thinking and fist was real short-term fiscal consequences. Why why is that? We didn't always behave like this I mean if you go back in internet to data back in the in the 60s and before What you see is Wisconsin being a state characterized by very little public debt and When you think about it, it's not hard to think about why I'll bet if I went around the room and looked at the name tags A lot of them would be German in this part of the state My mother's family was Yankee came from New England. You go up the west part of the state. There are a lot of Norwegians What are those folks have in common? They're crusty cheap frugal people and That's the way we ran government So what changed and the only thing I can come up with and and this makes legislators uncomfortable is That as we evolved into a full-time career legislature. I think it changed the psychology of the place and so the goal now is To keep your job, which is rational and to get reelected and that means not Sticking your neck out certainly not telling people bad news and sort of kicking the can down the road and As we moved into this kind of system and by the way, we're only one of about 10 or 12 states in the country with a full-time professional career kind of legislature and Who's in there with us those? Paragons of fiscal discipline New York, California, Illinois. I mean I would suggest there may be some connection What has happened in those kinds of institutions and it certainly happened in Wisconsin is That you now have a bunch of legislators who want to be reelected and they become much more dependent on Party leaders in their respective houses. So there's a lot of power there They can decide where bills go They can decide what committees you're on or which committees you chair or don't share and if you really are bad They'll find a way to get you defeated in a party primary ask Bob Ziegelbauer in Manitouan He got sort of driven off the farm and ran as an independent ask Jeff Wood in Chippewa Falls Same thing the Republicans pretty much pushed him off the farm and he ran as an independent Not only do these leaders have a lot of power, but they're pretty tightly connected to their respective Interest group allies who control a lot of money. So there's a lot of power there beyond that and This will become clear in a minute our elections tend to reward the ends of the political spectrum rather than anything Center right center center left and the other thing is you've got media and I'm not critical of this But it used to be when I was in state government in the 70s and early 80s That the capital press corps was really good and those guys had been around there forever and at that time They were all guys I think They knew where the bodies were and They could explain just about everything and and now that just isn't the case Which is why I feel strongly that what I do and what my staff does is more important than ever because nobody else is doing it So if this issue of partisanship is a problem we might as well concede it's been a problem for a very long time and James Madison who's in the middle here? and two of his buddies wrote the Federalist papers they were trying to argue that the US Constitution should be adopted and We tend to not know this but this was not a slam dunk the country was very divided over this in one of the papers Madison wrote the following and I've I've excerpted this and I won't read it all but the stuff in yellow is I think Particularly relevant the public good is disregarded in the conflicts of rival parties Different leaders ambitiously contending for preeminence and power have in turn Divided mankind into parties and flamed them with mutual animosity and then it goes on about how they vex and oppress each other Blah blah blah well, although the language is a little flowery. I Think you could write that today So what should we do? And here I will be the first to admit that probably none of this is going to happen because it requires people to write law changes But again if I were emperor here's probably what I would do I probably would try to go back to a part-time citizen legislature because truth be told although we have Perpetual legislative sessions. They're not really on the floor very much the number of bills being Introduced and passed has been declining for years the number of days the legislature has been in session last year or this will be small So I think it's possible One way to get there again if I could wave a magic wand and and this is going to drive some people nuts I think maybe we need a larger legislature not a smaller one Why do I say that? Because if you have a larger legislature, you have smaller legislative districts if you have less populate populist legislative districts It makes it easier for the average Tom Dick or Harry to run for the legislature and Serve the district it also by the way makes it I think harder for outside money and interest groups to pour money into a local elections Because you know in the in the case of Madison for instance, which is a TV market. You're not going to have four or five state reps You're going to have You know 15 It is an efficient to buy television time Other things we might do the founders and I mean I continue to be amazed at how smart they were We decided to be populist and elect the US Senate and okay. We're stuck with that But they did want the two bodies to be different and what the Wisconsin State Senate now is well the assembly is basically a breeding ground for state senators You go from one house to the other Maybe we should just elect senators, but maybe they should only have one fairly long term So we insulate them from some of this. Maybe we should do that with the Supreme Court as well Maybe we should have in this case of Supreme Court. Maybe they shouldn't have a life term Maybe but one long 20-year term or something like that I think drawing of legislative districts contributes to this And don't let anybody tell you otherwise both parties are will lie to you about this Right now the Democrats are saying the Republicans gerrymandered the state not without some reason by the way The Republicans had complete control and they drew lines that they liked But if you run the history back a little bit What you'll find that is that in 1982 When the governor and the legislature couldn't agree on how to draw district lines the federal courts did it and they issued a Plan and Wisconsin ran elections under that plan and normally that would have been the plan for ten years Well the Democrats suddenly held all the cards in 1983 they came back and In the middle of the state budget tucked in a little amendment that threw out the federal court plan and gerrymandered the state So they're both guilty if they have the chance and I think Iowa does it right An independent group does it. I think they do a better pretty good job And and I would suggest you if you go online and look at the what Iowa legislative districts look like And then lay it next to Wisconsin. You'll go wow These districts are really logical. They're squared. They're small. They're logical They don't cut up communities all over the place. Maybe there's something to it the other thing I think about getting it out of the hands of these guys is That regardless of which parties in control they want to maximize the number of seats and that means they tend to make Seats that are already Republican or Democratic even more so and So what happens in places? Not so much maybe Shabuigan area, but what happens in Waukesha County and Dane County is Waukesha County doesn't elect Democrats Dane County shoots Republicans and so if you run for the legislature you run in a primary and in Dane County you move to the left if You live in Waukesha County you move to the right and So the people that account that are get elected from those districts are Reflecting primary voters and not general election voters. So when they come to Madison you tend to have two camps That tend to agree amongst themselves But hate each other And can't work together Other things we might do There is there is some provision in some cities around the country and even for instance, Australia Australia Alex its house this way is you don't get a ballot and vote for candidate You get a ballot and you rank your choices and then by computer fairly easily If somebody is the lowest choice they get thrown out their second choices Get votes and you keep doing this until somebody has a majority. What does that mean? Well, I would think That it would mean that if you had several Republicans running, they're probably going to be nicer to each other Rather than slash and burn each other witness You know, Florida, South Carolina, blah blah because they realize that they may it's important to be a second choice Ditto for Democrats It may also mean that if you have a fairly competitive district that is tending to elect either You know center-right Republicans or center-left Democrats that even Republicans and Democrats are going to be nice to each other because it's likely that People who don't care much about party are going to cross lines in terms of for second choice Now there are other ideas out there. Nebraska has a unicameral legislature and I'll tell you I'm not too enamored with the idea I think there's value in having two houses. I think the founders got it right again If one messes up the other maybe you'll slap them down a little bit They also don't have a nonpartisan legislature. I Don't know whether that's good or bad political scientists tend to love political parties But I will tell you that Nebraska had a billion-dollar deficit Solved it with a bunch of bills in one month almost all those bills were passed unanimously and they went home Now one final idea and this was in Illinois up until their constitutional convention in the 70s And I think some people in Illinois are missing it and that is you can write the election laws in such a way That say it's a Democratic district Probably two Democrats are going to be elected But the third that's elected is probably going to be a is going to be a Republican or an independent or something else So lo and behold you get something really interesting happening. You have Republicans getting elected from Madison you have Democrats getting elected from Brookfield and So both parties I think become a little more Big tentish and maybe that I think fosters dialogue so to wrap up and I haven't said this but there is one good piece of news about the state budget amidst all the controversy and pain and so forth and That is for the first time since the mid 90s when the governor and legislature, whoever those may be next January come back to begin work on the 2013 budget They will not have any charge card IOUs hanging over their head. No no big fund transfers No disappearing federal stimulus money That's not to say we will have solved our problems because if you look at the state's financial Statements and this is just a summary of them the way accountants look at Finances, Wisconsin still has deficits And that'll be our next charge we end the structural deficits and now we got to see if we can get our financial statements cleaned up But there's something really sort of hopeful about that for either side of the aisle and that is if you don't have to Essentially clean up somebody's old laundry Then a budget becomes something which is what it should be and that is think a tool to think about the future into plan and it might mean that for the first time in almost 20 years the state would have the ability to think about comprehensive tax reform Overhauling school finance trying to somehow rethink the state local Relationship, which is pretty messed up There was a big fight this past time budget time about the university system and how to govern and finance it We still need to have that discussion And there's division within the university on this but there has to be some realization that Madison is a little different than everybody else. It has a two billion dollar endowment. Nobody else has practically anything It has a billion dollars in federal research money. Nobody else has hardly anything and We need to govern it perhaps a little more like the people it competes against many of whom are private You can also say that whether you like it or not local government may have a few more options in terms of how it Does its finances than in the past? And I guess I would conclude for the first time in a long time that Wisconsin state government isn't totally fiscally dysfunctional because of the erasing of the structural deficit But our problem now is we're totally politically dysfunctional and we're more dysfunctional there than we ever were fiscally So I'll leave it at that Somebody accused me as I mentioned really of being a little gloomy and do me so I have this very hopeful picture at the end That there is an opportunity to do some reform and some thinking anew in the next state budget So I don't know how we're doing on time A couple and if you have to leave I'm not insulted Yes Yeah, that was going back right to nine and a half Where's it headed? Okay, yeah That's pretty much what's happening is the stimulus is being is Ending and is being backed out of it now The feds Down the road a little bit are going to become more involved in state Medicaid programs So there's probably going to be a little more federal money there Wisconsin won't share in that largesse to the same degree as other states simply because We already Expanded our Medicaid program and and are ensuring more people than all but two three four states in the country so Yeah, I mean historically we'd get about seven billion a year it did a spike and we're now Coming back down now whether we get back to seven billion or something a little above that but That nine and we're showing nine and a half. I think it was that in 1112 which would be the fiscal year we're now in so And that's sort of the tail end of the yeah, that's the the tail end of some of that Todd thank you for coming and sharing your thoughts Anybody has any questions of Todd, I'm sure he'll be here for a couple minutes afterwards Feel free to ask him and again remember our next first party forum will be our area legislators We'll be here to give their update on legislative activity Maybe some of the information today will be appeared as a question Thank you all


Good day fellow investors. I recently came across an interview of CNBC interview of half an hour with Stanley Druckenmüller. I don't think many people are familiar with him and what he is doing so I find it extremely interesting to share what he is doing, what are his views of the world because it is incredible how much we can learn from him. Why do I say that we can learn from here? He has been doing 30% for more than 30 years while managing his hedge fund. He has also worked with Soros in his quantum fund and he with Soros did break the Bank of England in 1992. So an extremely interesting person to listen and his way of thinking is much different than most of the people you hear about investments, economies and so forth. So let's immediately start with what are the main points that he has discussed in the interview and what we can learn from that. We will cover interest rates, the Fed, stock market valuations, some stocks, Amazon, IBM, the Bitcoin, Tesla and see what will happen in 2018 and how that fits our portfolio and how we as common mortals can position ourselves accordingly. Let's start. The first point is the Fed is raising interest rates but that shouldn't be called tightening, that should be just called normalization. We have had an incredible period of very low interest rates where practically free money made people do a lot of crazy things.  So he says that the normal interest rate in the US should be at 4% and let's say in Europe 2% and he also points at something that he thinks absurd which is the target that from the Fed and everybody else in the world 2% inflation rate because the inflation rate depends on the environment we live in. Now we have a very disruptive, a very innovative economy, we have Amazon, we have Apple, we have blockchain, we have a lot of things that really disrupt the economy and makes everything cost much, much less and with the Fed targeting 2% in an environment where perhaps a negative 1 or 2% should be better it distorts the market. So the first point from Stanley is that the markets are distorted and that's not good and he also gives an example, let's see. One example of how the markets are distorted is Stainhoff. As the stock price of a South African group there owns a lot of retail chains around the world like Poundland in the UK. So they have been borrowing money doing that in Europe through Austria at very low interest rates and the ECB has been buying the bonds of that company. However that company most people knew that was a fraud and that the accounting was also fraudulent. However the ECB kept buying those stocks and distorting the market because the ECB buying not stocks bonds of a fraudulent company. The ECB lost a lot of money on that however that's very little in respect to their bond portfolio. However it shows how distorted markets are because this company would never be able to borrow money if there wasn't the ECB buying which hinders future growth which makes an unfair market distorted business are distorted because you can't compete with the company that gets free money from the ECB. Now the question is how to play this central bank craziness. Stanley says that this central bank created bubble will sure end but he doesn't know as he's a trader he doesn't know when so he doesn't know when he wants to really take advantage and he will position himself when he knows that the timing is right. We as common mortal investors cannot position ourselves exactly when the time will be right to either sell everything or short go short the things that are going to break when the central bank bubble eventually pops. Let's dig further into Stanley's ideas and we'll come to the conclusion a little bit later. Now for the outlook for 2018 Drucker Miller points out how on a global scale central banks are now buying 1 trillion in bonds per year which amounts to 3 billion per day. However that's going to shift as the ECB stops buying to selling 600 billion per year or selling 2 billion per day. Further if the Fed reaches its target of raising rates above 2 percent perhaps 2.5 percent in 2018 it will be highly unlikely that the asset prices won't suffer. So he says timing but we know that this will happen in the next year two years so perhaps as a retail do-it-yourself investor you should really be careful of what is about to happen in the next year or two. If you miss by six months by 12 months by a year and a half you don't care because the impact of what you will save by not participating in the crash will be much bigger than what you will make but staying long stocks and risky assets now for a small small yield. Let's look at Drucker Miller's portfolio he's very positive about fang stocks and he owns a large chunk of them. Let's see his long positions we don't know what are his short positions but let's see what he owned at the end of last year. Microsoft, Google, Amazon, Salesforce, Facebook he also said that he owned Tencent we see some JD there so very interesting very positive on those companies. As it comes to Amazon he says that he loves the company because it's selling at three times sales and the SAP 500 is selling at more than 2.26 times sales so he thinks Amazon is really under-earning because they are investing a lot in the future and therefore he loves the company and he's very long Amazon and we can see here that it is his third position. He also likes Tencent so look at the video I made about Tencent just last month I think. He gives one point on Bitcoin where he says that it's incredible how people still are doing something with bitcoins because if the bitcoin evolves as it will evolve one third section uses the energy that nine houses in the US use and just to have the bitcoin working properly in 2019 it will use half of the energy that the United States use so it's completely impossible to have any application in the world but people still believe and he says that the bitcoin is worth whatever people are willing to pay as any other asset is and that's something very important to think of a perspective of a trader okay the bitcoin has no fundamentals it's worthless from a practical standpoint but as long as people are willing to buy it there is value so if you are long bitcoin really see it from that perspective of what is the practicality and don't think that it will change the world don't buy that monetary lose policies it will save you from central banks activities and so really play it as a trend on sentiment trade it take advantage of other suckers that are investing now in bitcoin just as a trade as finding the fool that will pay more than you paid for it so it's just a game where you look for the bigger fool another point he made on tesla he says that the finances the business model didn't prove itself so he doesn't know if tesla will ever be profitable so he doesn't own it but he doesn't eat either short it because the product is great and he owns a tesla so you're never sure the company that has a great product but you are never long a company that has questionable business models so to conclude stocks will be forced to go down if everything ends up as people think it ends up or as the Fed is saying so be careful there we have seen higher volatility in the stock market already it might continue to go down slowly because people are really and the market is really myopic in the short term people think okay this month this quarter's earnings but don't think at the quarters what will happen in two months in two quarters and that is what will shape your returns over the year so really think about how you're positioned how you are diversified okay amazon long-term future with the spoke about tencent i spoke about facebook dr. miller also owns facebook so those companies are very well positioned for the very long term but it all depends on how that fits your portfolio and what can happen in the long term and whether you can buy them cheaper later so he doesn't have everything in those companies but he's ready to rebalance accordingly depends on what's going on thank you for watching looking forward to the comments i'll see you in the next video


The founder and chancellor of Afebaba Lola University at Doikitabuwa, Tiff Afebaba Lola, a senior advocate of Nigeria, is convinced that for the nation's education sector to overcome its current challenges, rich Nigerians and philanthropists must be ready to make financial contributions. He made the submission at the signing ceremony of a tripartite medical training agreement among John Hopkins Hospital USA Little by Little Foundation and Abward, observing that the major problem of education in Nigeria remains funding. That the signing agreement is just the beginning of a gigantic and humble service to Doikitabuwa, the Indian State and Nigeria. Today is a special day for us. It's a day of history. If they remember your life, there's something as good as quality education. People talk about education, but there's different between education and quality and functional education. Abward is known for quality and functional education. It is for them that we got in touch with the great Nigeria here today. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.


In this video, we are going to talk about rolling deployments with OpenShift. At this point, I have an application that has a PHP front end and a backend database with MySQL. And this application has been configured in such a way that the source code is in a GitHub repository. And I have taken the web hook from this application running on OpenShift. And this web hook has been configured inside my Git repository so that whenever there are, if there is a commit made to this repository, to this project on GitHub, then it will automatically trigger a new build on OpenShift. And also, at this point, we only have a single pod running the front end on OpenShift. So when we make any changes to this application, this is the part that gets updated. Now let us make a small change to this application. I am going to open the dbtest.php file and add a small line. I'll write and commit these changes. I committed it into the local Git repository and I am going to push it now. Now as the changes are getting pushed, you'll see that it will trigger a new build. And this is the new build that got triggered. And once this build is complete, the new image that is created with these changes will be deployed onto that pod that is currently running. So when it's about to deploy now, let me keep refreshing the screen to see what happens to this pod. Now the application is getting deployed. And you will notice that there is a slight downtime here and now it's back again. So the application goes down because there is a single pod running and at that particular point of time when that pod goes down and the new code change, the new image is deployed, you see a 503 for a little while. So for this exact reason of that little bit of downtime, right, OpenShift provides an option for rolling deployments. Now if you see the number of pods that are running for this front end is just one. If you have a scaled application and you have more than one pod running for this application, when you make code changes and do the same thing that we did before which is make code changes and push them and when the build is done and when it is trying to get deployed, it will not bring down all the pods at the same time, it will do one at a time or some at a time. So that way it'll ensure that your application doesn't go down and you don't get that 503. So let's look at that. Now first I'm going to resize the application to scale to four pods instead of one. So let me do that. Now, if I check the number of pods, there are one, two, three and four and two are on note two and two are on note three. Now let's go back and make another code change and push it. At this time, I'll go back again and check and the build is now running again. The deployment is now in progress. Now let's see what happens. Keep watching the screen and you'll see that this pods are, now one of the pods is at least updated. The other part is not updated. So you are seeing this end of the list appearing in the output on some of the pods and not on some of the pods. So the application is not coming down. Instead, the pods are getting updated one after another. You'll notice that the end of the list was missing on some of the pods and now it's like all the pods are now updated and running. So everything is up and running. So I should get the same output. So every pod is updated. So this is the process of rolling deployments where the application doesn't go down completely.  When there are multiple pods, the pods are going through a rolling deployment process.


TheCube at Hadoop Summit 2014 is brought to you by anchor sponsor Hortonworks, we do Hadoop. And headline sponsor WANDISCO, we make Hadoop invincible. Hey welcome back everyone, we are live in Silicon Valley in San Jose for the Hadoop Summit 2014. I'm John Furrier, the founder of Silicon Angle, with my co-host, big data, leading analyst Jeff Kelly with Wikibon.org, this is theCUBE, our flagship program, we go out to the events and extract the signal from the noise. Our next guest is Joe Hellerstein, co-founder and CEO of Trifacta, really emerging, fast growing startup, heavily funded, just announced this week in new funding, around $25 million. Great guy, computer scientist, visionary, all across the world, congratulations on the funding, welcome back. Hey, good to be here. So we're a big fan of you guys, we'd love to see the computer science curriculum expand into multiple disciplines with data science, just seeing all kinds of new stuff around computer science, driving a lot of new stuff, and so we'd love anytime you see data, databases, all the stuff happening. So I got to ask you first question, what's going on with Trifacta relative to the funding and employee headcount and just stats with the company? Well today we're actually here, focused obviously, Hadoop World on this announcement. We made our partnership and certification with Hortonworks, so that's big news for us. We're certified with Hortonworks. We've got a few companies that certified on Yarn, so that's part of the excitement. We did also go through this funding round, 25 million series C led by Ignition Partners up in Seattle, with participation from our previous investors, Greylock and Excel. So that's all sort of the big news on our end. We are growing, we're investing in sales and marketing, we're investing in the engineering and design side of the house too, which are really important for us. So the certification thing is just on Yarn, or is it across the board on all Hortonworks? Across the board on the Hortonworks platform, and then as a special part of that also the Yarn. So talk about some of the computer science things happening in the Hadoop community and what you guys are doing at the bridge, kind of like that mainstream adoption as data collection and storing data to exploiting the value of data or the insights really where there's real-time actionable insights, because you have the business benefits which I would just oversimplify by saying people want real-time actionable insights with data. And then at the back end we're just storing it all. How do you guys connect the dots between those two worlds? Yeah, well you started the question with computer science and what I'll say is that my academic roots that were evolving I think is a field that was strictly technical and really looking at sort of what are the hardest problems in computing and realizing over time that some of those hard problems that are worthy of academic study are how do people actually interact with computational infrastructure, interact with data and there's technical challenges there because really technology is supposed to make our lives easier, not more complicated. So there's lots of interesting technical challenges there and trifacta grew out of an exercise to try to study how do people work with data, how do analysts work with data, where are their frustrations and how can technology be brought to bear to make these human processes more efficient, more effective, more accessible to a broader community and really shorten that time to insight and increase the number of people who can do these kinds of tasks. So do you guys explain to the folks, do you sell software, is it SAS, what's the product? Can you guys do a little bit of detail on that? With pleasure. So trifacta transformation platform is a piece of software that you install alongside your Hadoop cluster and then it gets access to the cluster and allows you to visually transform data from the raw form it comes in at into a form that is suitable for analytics in predictive analytics or business intelligence kind of platforms. So it's deployed next to a Hadoop cluster which means that it can be deployed really anywhere that Hadoop runs so that can be on-premises in an enterprise, it can be up in the cloud and a cloud-based instance of Hadoop as well. Who's the buyer of the product? Well that varies depending on the customer and as we've seen I think at Hadoop Summit today that's an evolving story as to who's the buyer of Hadoop, right? So it starts with big data science projects, it's evolving and what's interesting is that it's becoming increasingly relevant to the line of business and so we're seeing that in the market as we go take our product out that that Hadoop ecosystem is starting to span from science projects to IT to that actually business-facing uses as well. So in terms of the analytics market I want to ask you where are you guys seeing the traction in Hadoop? Jeff was just renouncing a survey this morning we haven't announced it publicly as a document but we've been teasing it out that only about 20% roughly the people are buying some dupes of descriptions which means it's a huge tsunami coming of paying customers I'll certainly a lot of deployments people are tire-kicking is it what do you guys do outside of Hadoop relative to some of the mainstream deployments? Took a left turn on me there so the Hadoop market in general I would say we are seeing some of what you're talking about which is that validation of it as a platform that is not to be ignored in the future for business use cases and real adoption in the enterprise is has come and it's that's an awareness that is across the industry at this point and so various customers are in different stages of moving down that path but I think the existence of that path is very widely recognized now and I would say that's a change even in the last six months that that's sort of that has arrived so that's one of the things we definitely see out in the market our product I should emphasize is a technology it's an interaction technology in essence for how do you work with your data and it's a technology that's not pretty say wedded to Hadoop we chose Hadoop as a first platform to go launch on because we saw the promise here and also because the Hadoop environment is so agile and it does sort of celebrate this idea that you should collect and gather any data you can and then empower people to transform it into shape to get used out of it and traditional platforms even though they could be used for many things are often used for much more engineered pipelines that are governed by sort of more traditional software that said though I mean the Hadoop market is expanding and we will stay there and perhaps move outside of it as well as we go right well I mean there's going to be a lot of opportunity in the Hadoop market for sure I mean we're at that we're getting close to if we're not at that tipping point where we're going to see a lot of those POC start moving into production and I think that 25 percent number of paying Hadoop customers is going to increase significantly over the next year but in terms of you know your core value proposition I think to put a little context around it so we've done some survey work and the number one challenge technology challenge associated with Hadoop is transforming data into you know a form that's suitable for analysis so you're clearly on to something onto a problem that is challenging a lot of people and I think the real value or one of the real value propositions here is you're making data scientists who are extremely expensive and rare much more productive and that's going to obviously help their output but it's also going to help them feel happy in their job and want to stay there when you go into customer situations what kind of feedback are you getting what seems to be the major driver for your customers when they come to you well so there is an emotional aspect I think for certain customers certain users certainly where they look at this and they're just so happy to have it because they really first of all would rather be doing other things than transforming data most of the time but also they see our ability to make data transformation interactive and to be able to explore multiple paths and get visual feedback on what you're doing and it just it is pleasing in an emotional sense that very little software in our space has been traditionally it's been very sort of boring software at some level and so we get that we also get just you know the fact that when you can shorten that time to utility for your data when you're going from raw data to something you can actually do an analytic exercise on that just tightens this feedback loop of acquire analyze change your business and go back around and that's kind of the use case where there's that's the meat of the market I would say for big data is to drive change in an organization and the bottleneck as you say in that feedback loop that bottleneck has been in transformation for too long now so when you go in what are most people currently doing for these for transformations I mean this has been an issue not just in big data scenarios but having covered kind of the data management market for many years this is an issue with traditional data small data whatever you want to call it and there's a lot of at least in my experience a lot of encoding going on a lot of manual effort is that still what's happening in Hadoop environments what are you seeing kind of when you get in there and how are they doing things now compared to the opportunity that you offer them yeah it's happening even all the more so in Hadoop environments because of the DNA of the community being so technical so the first to do you know installations were being used by very technical organizations they could code everything and so it's your first approximation they just did they would just just code their way through any any mountain they would run into right in the traditional market actually though once you got into really messy data the kind of stuff that we pull in for big data you also in essence were being dropped down into code even the tools from that era that were ostensibly for transformation we're mostly mapping tools to map schemas from one input to one output if you have to do more than just simple mappings you are in a scripting environment so if you look at a the data step facilities from SAS for example it's a coding environments powerful that's quite technical and so that's the kind of thing we're looking at it's either code in a traditional programming language like Python or Java or it's code in a framework that really isn't tooling very much it's forcing to write code again so we have some questions from the crowd chat here for you the question first is from Burke Lattimore as you just moved to production with Hadoop are they building internal systems are looking to cloud search providers for Hadoop platforms and do you play in that yeah I mean as a technologist you have to respect I think two really important sort of laws of physics about technology the first is that data has a lot of gravity moving data from where it is to somewhere else in bulk is pretty expensive so what that means is that today most of the Hadoop distributions and most of the big data installations are on-premises in enterprises and that body of data is unlikely to move on mass to the cloud at the same time you have to respect Moore's law which says that in a couple years the amount of data being generated will be far larger and will swap out the data we have today and where is that data going to get generated in exponentially greater volume in the cloud so what I would say is most of today's customers adopting Hadoop I see when we're out in the field on-premises I think in the future and it's all a question of timing but in the future we'll see you know that hosted environments are going to be the efficient place to generate store and analyze data and from try back this perspective is it your agnostic to whether it's on-premise or in the cloud it's an opportunity because it's data transformation is going to need to happen regardless of where the data lives I would imagine that's right that's a good that's a good place to be if you're trifecta so I'd love to ask you a little bit about just the environment you take on the show and kind of the you know the ecosystem behind us of all these different players you know kind of what's your take on the on the vibe here this year and and do you feel like the Hadoop community still has the kind of vitality it had maybe a couple years ago and it was a little bit younger and it was a little bit more of a Wild West feel to it and that we've got more coming a little more grown up is it getting a little more button down I think I'm the only guy wearing a tie here but other than that I mean what's your take on kind of the community environment well I remember in 2008 being at Yahoo for the first Hadoop Summit and I was called data intensive computing gathering and it is a little different now there's fewer professors in the room I'll say but there's almost as many people with with sort of technical cred still I ran into one of the former Berkeley grad students who's now at one of the major Hadoop district companies who was at that 2008 meeting he's here today so there's a lot of the same people you know and a lot of the obviously the executives of these Hadoop companies have that scrappy background and are still those same guys they understand the code they understand how people get business done with data so a lot of that's going on at the same time we heard on stage today and people are talking about this is real business and it's solving real problems out in the world I think it's really gratifying for technologists to see that transformation so it's it's a little bit of both I think there's more business going on that's a good thing that's a design of the success of the technology the impact we can really have and so I think everybody's actually pretty happy about that yeah and so we're getting some questions on our crowd chat for Hadoop Summit I wanted to want to hear about some of those real world examples what's some examples some of the real business value you're delivering some some customers yeah sure so happy to talk about that you know one of the use cases we talk about is our work with Lockheed Martin which is in the health care space for the federal government so there's been I think a real shift in recent years in health care to a sense that in fact a transition in health IT is going to happen and that this is this is finally the time where there's going to be investment not just in say new radiology machines but also in the IT infrastructure because data really informs and and drives what can be done efficiently with with health care and you know one of the really typical examples which is actually part of the reason we're in this this deal with Lockheed is the Affordable Care Act so one of the pieces of the Affordable Care Act is what's called accountable care organizations and this is an incentive structure for health care providers to hit certain metrics and if they do so there's economic incentives from the government based on those metrics well you got to measure yourself against these basic metrics and if you're a if you're a hospital you have many many providers in your network who all have different building systems different EMR systems and a fairly large volume of data if you're the Medicare or Medicaid organization that's a huge volume of data and getting that data organized and ready for analysis is a ton of work and so that's the kind of thing you know there's one example in the health care space that we've been involved in. So Joe what's it like to be a CEO of a venture-backed company in a great marketplace that's growing like crazy what's your what's it like for you I mean I'll see you do you still I mean I love how you have the GitHub logos on your mid-same multiple times on the cube I think that's the future having the little you know here's my code look at what I do as an executive it's always impressive but like what are you doing now I mean what's it like for you are you happy you're bored I mean I can probably tell you're bored you've got a great company but like you still code you're still doing some stuff I mean how do you keep fresh one of the things I've observed with startups over the years I've been involved in a bunch of them in various roles is that the CEO who codes is probably not a long-term thing and it's probably not healthy for the company so I coded a very little bit at the beginning trifacta and I had research projects at Berkeley that I was coding on at the beginning as well and I had to set that aside because it is a very more than full-time job running an energetic startup at the scale we're running so I also wanted to leave lots of room I have this amazing team of software engineers and architects they need their room to run and they really don't need me to be a part-time coder so my perspective is yes I write code and there have been phases in my life where I do more or less right now is the last phase and I think that's important for the business you know if you're running I think a smaller shop than we are running now and intense a scale and it starts to make some sense but it's a lot you got a lot of crowd favorites out there question for Joe trifacta CEO how is trifacta different than Palantir oh that's interesting so Palantir which I honestly you know despite there being a very large presence in the valley I haven't spent a lot of time understanding this can get a sense of what they do buying all the buildings I know rents going up because of you know Palantir has been very focused on providing full solutions to you know federal particularly security as we know and what that's included is a great deal of services and consulting trifacta is a software company so I think at the first level that's a very basic distinction okay so final word I'll give you out there so share the word your own words the folks out there some of the most exciting things going on in the big data landscape and pretty broad broad canvas for you to talk about what's exciting to you what really outside of the intoxication of running a big company the new experiences the team just in the market what technology gets you excited and that's going to be game changer well for me two things two themes that I've been pursuing for a while are really coming to fruition the first is that after years and years of data being kind of a sideline and computing what we're seeing is that data drives computing there's widespread acceptance of that yarn is a piece of evidence about this what yarn is it's this gamble that the the scheduling and resource management ecosystem around big data is the scheduling and resource management system that you want to use for a whole class of cloud and distributed applications this is the data folks taking over the entire resource management for computing it's a it's the takeover strategy it's an operating system that's I mean the idea that you're the internals of your data stuff is your operating system that's bold so I'm excited by that so that's one theme is that data drives computing intellectually technically and in the market and then the other theme which trifecta is very much a piece of is this idea that allowing people to more effectively use computers is the next big challenge in computer science so this means program or productivity for developers it means that professional data folks should have tools that make them much much more productive and that by doing these things it's not just that people get faster at what they do but that new things become possible the ability to go just at a much higher level of abstraction will enable inventions and developments that we can't even imagine and I think that's beginning to happen with more energy as we get past the problem of are my computers fast enough which we really don't worry about nearly as much as we used to Joe thanks for coming on the Cube really appreciate it you get great insight I mean you've been a professor you've done great programming and research now you're running a startup and a ton of experience thanks for sharing out here in the Cube we'll be right back with our next guest after the short break


Here are three techniques you'll find in any language paper one extract according to first-rate tutors Number one alliteration you're guaranteed to find that number two metaphor and number three simile Let's have them comment on them and find them in the language question now when it comes to the structure question This is question number three of language paper one use these three structural techniques number one zooming in zooming out number two flashing back flash forward and Number three the sudden or gradual introduction of a new character that's for question number three, which is the structure question Now make sure you head over to Lisa's you say see English or she's going to go over the main things that you can do You're creative writing essays to boost your grades in language paper one question number five


Hi everyone, Joe for jaspyscasebrakes.com coming at you with 2021 Leaf Metal Draft Football. This is a five box mixer, Leaf Metal Draft mixer featuring two jumbo boxes and three hobby boxes. And it's a pretty quick random player break. We sell 25 spots and then you get four players.  So there's one already. There's two. There's three. There's four. So there should be a total and there's all the players right here. There should be 108 on each list. Let's check it out. Let's roll and randomize each list three and a six, nine times. One, two, three, four, five, six, seven, eight, and ninth and final time. All right, three and a six, nine times for the players. One, two, three, four, five, six, seven, eight, and ninth and final time. We got a seam rose junior all the way down to Zach Wilson on the bottom. All right, I'm going to share this spreadsheet with you in just a second, but I'm just going to show you the list as is. Just so if you want to pause the video at a certain point or whatever and check all the side you can if you want to. And then I'll alphabetize by your first names in just a moment. There you go. Nice, Sean. Zach Wilson right down there. All right, now let's alphabetize by your first names. Brian, there's your group of players right there. Chuck has a huge group of players. Thanks, Chuck, for knocking this one out. Nice, and there's your last spot mojo group right there too. Good luck. All right, Eddie, Jeremy, Josh, Mark, Matt, and Sean. Okay, I'm going to pause the video and share this spreadsheet with everybody. We'll see if there's any player trades when we come back. We'll have the break itself, so stick around, BRB. All right, welcome back, everybody. There was no trade chatter. Everyone was good with their teams apparently. So let's roll. We're going to start with the hobby boxes first. I'm going to be careful with these because they put them into these cases where the tops of the cases pop off a little too early. Got to be careful. All right, this one's okay. And you know what? Just for funsies, we're going to keep the NFL draft class open just so we can just see which of these players like first rounders and whatnot if we have time for that. Now, maybe we'll just... Oh, here, I'll drop the link for you if you want to take a look. And usually the last card right there is generally the most recognizable card. There's Sam Ellinger. That is 11 out of 30. Sam, that'll be for Mark Costanzo. We've got Paulson Adebo. Paulson will go to Jeremy. One out of seven. Wow. Sam Colt. Sixth round, by the way. Thanks, Justin. We've got Trey Sermon. Blue cracked ice. Nate Lowe's with the Rangers now. Three out of 10. Trey Sermon will go to Sean. Love the design of these state pride cards. That's Tyler Shelvin. Six out of 30. Tyler Shelvin will go to Sean. Whoa, and a nice Trey Lance. Blue cracked ice, Trey Lance. And that's another one for Sean O'Leary. Nice. Great start for Sean. Now, again, like I said, usually the last card in the box is 20 out of 25. It's usually the best player, but listen, we don't know what any of these players are going to do. So these are just kind of just worth just holding on to and seeing what happens. All right, next one. Year to year, this leaf metal draft is a good speculative product. It's good to speculate what's going to happen with these guys. You know. We can reasonably count on the first couple rounds, first one to three rounds even. But when you're looking at like the fourth, fifth, sixth round guys, like which one of those guys are in the merge? There's Tariq Black. Brian with the Tariq Black. Touchdown Kings, Chris Evans. 10 out of 20. Chris Evans will also be for Brian. We've got Andre Sisko. 32 out of 40. And that is Chuck with the Andre Sisko. We've got Jaman Osman. Another cracked ice card. One out of 10. There he is. Jaman Osman also goes to Chuck. We've got Kyle Trask. Kyle Trask will go to Josh. Out of 25. Once again, Josh Melton with the Kyle Trask. And he'll be marinating behind Brady. So I don't know. A lot of people thought that the Kyle Trask pick was a little weird for the Buccaneers. That could be the future. I mean, that's not bad. Learning behind Brady for a year or two. Patrick Jones, the second, will be for Josh Melton again. Four out of 30. There's Kenneth Gainwell. Yeah, you know what, Rick? That is kind of odd, isn't it? Leaf Metal Draft has baseball and football, but there's no Leaf Metal Draft basketball. Eight out of 15 on Kenneth Gainwell. That's Chuck. I think he's a, is he a running back? You want him to gain well all the time. Goes to Chuck once again. We've got Jacobi Stevens, cracked ice autograph. Jacobi Stevens will go to Eddie. 13 out of 50. We've got Puka, Williams Jr. Three out of seven. Where's Puka gonna go?  I think that mojo pattern there looks pretty sharp. Three out of seven. And we got a Justin Fields. Nice Justin Fields for Sean O'Leary. Out of 25. All right, now two boxes of jumbo. Remember, the jumbo has nine of these autographs and a one-of-one slab proof per box. You can see the graded card, not the graded, but just the slab card in the back there. All right, Xavin Collins. Six out of 10. Chuck with the Xavin Collins. There's a Kellen Mond. Kellen Mond also for Chuck. He has a lot of players in this. I want to see him to go on a little run here. Some hits. What about Brady White? Brady White for Mark. 20 out of 25. We got Warren Jackson. Warren Jackson and Eagle maybe? Warren Jackson? I'm not sure either. I've got to learn all these players. This I know will go to Sean O'Leary. Two out of seven. We got Osiris Mitchell. 16 out of 20. Chuck with the Osiris Mitchell. We got Paulson to Deb. I think that's the second Paulson to Debo we had. Yeah, Jeremy C. Hadley Paulson. Once again, that's out of 25. Gregory Rousseau, who I'm sure is a Buffalo Bill. He's one of the two Miami defensive, pass-dressing, rushing guys that were drafted in the first round, I want to say. Late first round. They must be pretty good. Chuck with the Greg Rousseau. We got a one out of five, Jamie Newman. Matt McLaughlin with the Jamie Newman and a train whistle. Aaron, what's going on? Yeah, we were lucky enough to pull that 50-auto book. A long while ago. Maybe a couple of years ago now. Jamie Newman out of 500. Matt train whistle. All aboard the Big Hit Express. And we got an armed and dangerous Mac Jones. Yeah, thanks Aaron. It was a pretty fun pull. 10 out of 15. I have to look at the pictures of that and be like, man, yeah, we pulled that. I can't believe it. All right, Mac Jones. I have to be on my list. That goes to Chuck. There you go Chuck. The armed and dangerous Mac Jones to 15. And the card here is Micah Parsons. Let's see if we can get an acetate. So let me get this blank card right here. Get an idea of what this looks like. It's pretty nice. Pre-production proof one of one. Micah Parsons. Goes to Chuck. Chuck. All aboard the Big Hit Express. And the last box coming up. Thanks everyone for participating, for joining, for watching. I really appreciate it. Yeah, Aaron. That ended up going on auction at Leland's Auctions. You might be able to Google it and find out what it ended up going. It went for over I want to say it went for over $10,000. But when we first pulled it, we were thinking it was going to go with that. But still a pretty memorable a pretty memorable pull. And just one of one of our one of our nicer ones. There's Andre Sisko. Two out of 50. Yeah, all those where I'm calling out your name are yours Chuck. In fact, you got a second Andre Sisko. Touchdown Kings. Amari Rogers. That one will also go to Chuck. Seth Williams. Will go to Eddie. Seth Williams. Number 230. Matt Bushman. Matt Bushman will go to Chuck. Got Sam Ellinger again. Our second one for Mark. Thanks, Andrew. Or Aaron, that is. Thanks for checking in. Yeah, it seems like a bargain. Yeah, we thought it was going to go for a lot more. Sometimes those multi multiplayer autos it's hard to really evaluate what it will go for. Because sometimes some people are like, well I love 30 of those guys. I don't like 20 of those guys. Everyone collects different specific players. Definitely historic. It's pretty fun to pull historic for us. I don't think we've pulled anything like that since. Cornell Powell. One out of 75. Touchdown Kings. And there's also another one for Chuck. What about Kylan Hill. That's 27 out of 30. And Kylan Hill. Another player for Chuck. 27 out of 30. Nico Collins. Where will you end up, Nico? Nico will go to Sean. 11 out of 30. And last but not least here is Elijah Moore to 10. And Elijah Moore is for Chuck. There you go, Chuck. Nice low number. And the last one here, what do we got? State Pride. Acetate. Press proof one of one. It's Stevie Scott, the second. Stevie Scott. Where will you go? And who gets the last train whistle of the night? That's for Sean. Sean O'Leary. All aboard the Big Head Express. Woo-hoo! Thanks for joining our breaks everybody. I appreciate everyone. If you didn't hit, we'll get them next time. I appreciate you trying. And if you got some hits, thanks and congrats. Let's do a quick little recap here. Take a quick glance at what we pulled. Kinda saw a lot of nice quarterbacks here. Where is that Justin Fields? Trask. Saw a lot of different guys and hopefully even some of the guys that we're not familiar with right now, maybe they'll turn into something huge this year. You never know. I always love the surprise out of nowhere stories. There's always one or two every year. Maybe you'll have one of those. I'm Joe for jaspyscasebreaks.com. Thanks for breaking with us. Thanks for watching. And I'll see you next time for the next break. Bye-bye.