All right, here we go all right. I think we're good here. I can't really tell someone comment something if we're live here Bueller Bueller Let me get some pop-out chat here. Let's get this going get this party started. I'm live say no more All right, should I do the So I decreased my latency a little bit here so as long as we're live that's good The other question I have is can I switch my screen here? That is the real question That I'm hoping to see here So I switch it back We're all good And we're good. Okay. Cool. All right. So what's going on everybody? Hopefully you all saw my Most recent video in which I said I was changing things I kind of wanted to get your all thoughts on that whole situation and see what you thought and See if you think I'm crazy or you know all that kind of stuff Anyways, what else we have drawn on over here and then I Just said I just tested positive for a micron about an hour ago. Sorry to hear that You are basically like everybody else in the entire u.s. Right now because it is Widely spread throughout the u.s. So again, I just want to come on here and talk about the previous video that I did How I'm changing things up on this channel. Hopefully you all weren't too upset about it I know got some pretty good feedback so far. So, you know, I Think it's okay, but Yeah, everybody seems to think That it's a decent thing to do and you know, like I said in the video I'm so far removed from the pre-med world the med student world that I don't even think I could give good advice on it So why the heck am I even giving advice on that stuff anymore? Also?  That's where we're at. I plan on talking about more financial stuff. I just filmed two videos yesterday one is being released on Sunday and Should I tell you the topics of the videos? I don't know. Should I give that away or should I surprise you? Maybe what I'll do is I'll tell the members of my channel what two videos I just filmed and I'll let them know because they're members of the channel and if you're not a member of the channel I Don't know if any member is in the chat right now, but if you go to my Actual page my YouTube page. You can click on the join button next to my subscribe button Which you should obviously hit both of those but the join button and if you're a member to my channel You get access to videos when before they were released.  I just streamed our I mean I'll tell you what the two videos I just filmed are that will be released next week and you get a cool badge by your name that changes every month and You did priority response to comments. I respond to every one of my members comments and We're gonna be doing some cool things besides that So if you're not a member of the channel and don't join and become a member today That's my plug for the day But yeah, I'll probably tell them The members who are watching this I'll probably send out a little message today telling you what the next two video topics Are because you deserve it. All right Someone asked me what my mcat store is no clue It was decent, but it doesn't even make sense anymore because the mcat store has changed What is the mcat store out of now like 300 or something? Shall I lift that up? What's that? What's the best mcat store you can get now? Let's figure this out together guys. All right, what's the best mcat store? Best mcat. Oops. I lost it I want this best Them cat. Why doesn't it do that now? That's so weird. Oh Everybody's saying okay. I don't even need to look it up apparently So we have that going for us. I don't know why it won't let me hold this on YouTube's being really weird right now. It won't let me Like type this on here See as soon as I do that doesn't it doesn't let me do it. That's so weird so weird, but Anyways, nonetheless You all have answered it for me. So I don't have to let you up. So five. Would you say five who said 528? I mean, what is that? How the heck is it 500 now? It doesn't even make any sense What else I'll get to some of these questions I Need to keep up here. Sorry guys. I turned down the latency of the chat So I think it's like a little slow and I'm a little more delayed But if I do that I can put closed captions on the chat So when you watch it later or whatever So I'm trying something different here bear with me trying something different and Yes, you guys always ask me what's on my wrist. I Can't give away all my secrets This is secret so the store is 528 what the hell they 528 now it used to be out of 45 I think and they were like three sections.  Oh, there's no verbal I'm doing on a rant people like Michael. There's no verbal section anymore There's no writing section. Did we have to take wait? Now what am I thinking that did I take it? I feel like I remember typing in the essay or something There's a verbalist called cars.  Does I mean look I don't read passages about poems about Robert Frost poems and Write papers on them. It doesn't matter So verbal is now called cars. It's like a reading comprehension. Whatever look if you make it this far you can obviously Comprehend some reading.  What else is going on so You know, I think it happened was since I didn't do like a spur-of-the-moment live stream that it's been kind of weird That won't let me switch over to the actual Screen when I'm trying to type over here. So we'll see if this does it'll hold it here for like a second and then it'll go away so the cars cars cars cars strategy for the 99 percentile if I was if I was accepting people to med school I Would only accept people with a low car score.  I'd be the worst. I Be like, oh, you're great at science because that's all I care about not the cars And that's not even let me do this here Here we go cars strategy I Mean what is this garbage? blah blah blah blah oh That's what someone said critical analysis and reasoning still section ability to reason and make sense of Complex written materials. I see what they're trying to do. This is where you see like people who are so far removed from being a physician Because no physician is being like, you know what these pre-meds need to Learn how to read and comprehend more like this isn't the SAT We're talking about physicians here Nine passages with five to seven questions. I Hated that section to be done with the verbal section, but this is just like my nightmare Let's see social sciences and humanities. Oh Man, they are really putting everybody through the ranger. They're like making it They're making it harder to become a physician in every possible way. I don't even know why people Like want to do this anymore. They're really like forcing people out of it, but nonetheless Let's look at some of the questions What else we got going on here someone with the $5 super chat here Let me get to that first obviously My boy Links, New York City.  It hurts yet. Nothing's showing on MRI results check Insta DM Please I did a lot of DMs, so I'll check it, but I can't promise you that I'll see it Here's the problem with MRI so a lot MRI is great because it'll see Fine detail of things and it'll give you answers but if someone's just having like back pain a lot of the times it's just muscular or people who don't work out or have poor core strength and They did a MRI thinking it's gonna show something and it just shows some degenerative disc disease or whatnot and unless we see a disc that's like obviously Overtly compressing a nerve or something then it's just like degenerative change and it's not gonna show anything and so like most Lumbar spine MRIs I read For low back pain don't show anything if they're like a serious critically ill patient coming to the ER who like has weakness poor sphincter tone Trouble holding their urination then it may show like something compressing the spinal cord or something But I mean most of the time just the outpatient MRI doesn't show anything But a lot of people have back pain because they sit poorly. They don't work out and their core strength is poor So how's that for an answer? All right back to this tears. They're really interested in this stuff here Let's see what's going on Let me do this chat out of the way. I have to blow the chat up so I can see it What else is going on I don't care about this so See what's a decent? What are they even? What's it? What's the score now? So it's five so it was from 45 to 528 where did the extra you know 480 Number come from I don't really understand that how do they grade these sections here? Is there still there's a physical science a biologic science and What else was there? This is what I'm saying. This is why I don't talk about anymore because I literally just don't remember it whatsoever Let's see here Let's see here Anything lower than a 133. What is it out of like 150 each section now? Is it so odd to me? You know what? Let's see. Let's see what some people are saying here Let's see. Let's see here All right people are saying 132 points for four sections. What are the four sections shall we lift it up? I Think we shall folks. I think we shall What are the four who is the MCAT these days? Let's see here. It's the AMC, right? Here we go The MCAT admissions Blah blah blah don't care. Don't they have like a an actual resource here? Applying to med school taking the MCAT. Oh about the MCAT exam. This is what I wanted to see Oops, so we have biologic and biological and biochemical foundations of living systems That's where they test you on like the nonsense like photosynthesis and all that crap, which has nothing to do with medicine Chemical and physical foundations of biological systems. Okay, cool That I agree with this Psychological and social biologic foundations of behavior obviously agree with that. This is the garbage section they just threw that they just like throw this in here to like Basically tests you to see if If you can do it, you know, it's like it's one of those things is like The test isn't long enough.  I think it might be I Don't know how we got carried away on this topic, but nonetheless, I do like talking Horribly about these exams now that I don't have to worry about it anymore to the double amc. Sorry But your exam is garbage All right back to the questions here I know they're super chat with the $5 He'd actually I'm in community college and looking to transfer for a four year in the fall Do you think it'll be looked down upon because of community college? Um, for what do they into med school you're saying I Don't think it'll look nobody will look down on it because if you graduate from a four year light state university or whatnot I don't think people really care as long as you have as long as you have first of all, no one's gonna really know As long as you have those premedical prerequisites and less things have changed. That's all you really needed in my time But yeah, that's all I needed and they didn't really care where it came from I didn't mind it like a state university and didn't had no care in the world Shout out to himself state University where I did my post back All right What is that does anybody care about the MCAT over here?  All right. Where's my uh, We don't have any of my members in the chat right now Anyways All right, let's check out some other things here enough of the MCAT. I don't like to talk about the MCAT more than I have to So let's see what else is going on in the world, huh? Shall we as per usual browse some current events? I think this is the refreshed version here Oh, let me guess more COVID, huh? Dr.  Yeah, we're still talking about that. I mean, I feel like every live stream I've done on this we've talked about this Isolation period I have no idea. They just won't stop Top 10 questions about living with HIV. It won't be a pandemic forever Here's what it could be next. Let's see What's coming after the pandemic Sanjay? Is unlikely blah blah But there will come a day when there's no longer a paramedic There's no longer a pandemic and the cases are no longer out of control of hospitals That's what we're currently trying to figure out here The pt is really The pt is really high, but it's the hospitalizations that are concerning when you max out of the hospitals and that's why New York always gets hit so hard because New York City's hospitals I can't even remember a time where like New York City's they're basically always maxed out. That's just the norm I remember, you know last year in fellowship The hospitals were always maxed out There was there were always no beds in the hospital There are always times where we had to turn patients away or send them to like NYU or with neighboring hospitals because we had no beds in our hospital or we couldn't transfer a patient because there were no beds And that was in like the valley of COVID COVID was still there, but The COVID cases were severely down when I was there towards the last half of the year And now once COVID cases start picking up you're adding on top of an already packed hospital So that's the problem with New York. There's just so many people all the hospital beds are always full So when you have any disruption in that it's just such a catastrophe So they really feel the brunt of it So that's that But yeah, we're always talking about this, huh? What else is going on here? Holiday lights are not blah blah blah.  Doctor says yeah, that's the other thing too is whatever happens in New York City Will likely happen to the rest of the world going forward Also, what is this dog over here on the CT scanner? That's kind of cute Sure, my brother would be happy of that Oh, here we go. Oh, they did. That's an MRI, I guess It's a kind of a big MRI Um, all right, I'll do some questions here. I'm bored with CNN You know, you know what I mean Let's see what's going on in the world over here Um, let me screw up a little bit blah blah blah Yeah, this is the this is the problem Nancy. If not the MCAT, what would you suggest instead? I feel like a lot of students are smart, but lack of bedside manner Yeah, well, let me tell you one thing the MCAT doesn't do Teach you bedside manner That's something I think you're innately born with You know, if you have a good personality, you're good with people and you interact. Well, that's something you have but Contrary to popular belief you can you can help someone who is not good at the bedside become better But you can't make someone Like have good bedside manner. It's just something you have you have or you don't Um, but you can definitely work at it. I guess some says, how do you feel like that? How do you feel about baba? Let's take a look at this the alibaba stock you're talking about. Yeah, that's uh Alibaba has seen better days, but it's actually on the rise here whoops Here I was just actually just looking at it today because it's under like 100. Isn't there something or 127 Compared to what it was Let's see here This is the weekly chart here. So maxed out at 319 And it dropped all the way down to 109 I stay away from any Chinese stocks at the moment because You literally have no idea what that government is going to do with The companies because the last couple times like DD. You're in a DD. It's like the uber I think I think it's the chinese uber if i'm not mistaken They listed on the new york stock to change and then the government was like nope No more listing and That's that so I stay away as as much as I want to pull the trader on this stock because it seems like such a good deal Right. I mean it's down over 50% Almost back to I mean it wasn't back to these levels. This was 2016 so part of me is like, okay, that's Super good deal here, but I stay away from any of these stocks right now because you never know what the chinese government is going to do and That's why I stay away from it so Also, can we just get a shout out to Our boy Who just joined the channel Paul Cologne Welcome to the family. Welcome to welcome to the family. Paul Cologne Who's just joined the channel? He is our member that is in here at the moment Um, again, you can join the channel as well get access to some cool perks and uh obviously Paul will demonstrate the special emoji that only he gets to use Huh, what else is going on? What do you think about fig stock? I was actually just talking about this on my instagram. I have a pretty big position in fig stock I mean not big decent size position in fig stock Let's go over their chart if we care about this. I feel like meat heaven I have no idea why Figs have this huge sell-off recently They got IPO around like 22 dollars or whatnot Over here somewhere And now you look at it I have no idea Why it's selling off maxed out of 50. I sold a large position a large chunk at 50 at 49 actually I remember this because I was in hawaii and I was like Double my money from down here and I was like I got a sell at least half of my position. So I did And then now it's all the way down here. I actually bought more I think I bought more around here $28 29 and it just keeps dropping but I have no idea to be honest with you why fig stock is dropping so much because the company is doing really well their projections are really well and I don't know. I'm a huge fan of figs as you know um They sponsor a lot on the channel The company is very nice to work with. I love them a lot And I love their stock even more, but for some reason It's just not doing well. I just don't get it Um, what else we got guys hit me some more questions here. I got some times that y'all yeah pot alone I'm cranking out those emojis. I see you. What other emojis should I add to the uh membership by the way? This is the only one I can think of that's like me It's like a unique syringe. I was gonna add a few more, but Shayna, Shayna. Do I say Shayna or Shayna? Probably Shayna, right? Because it's like Shayna with an a Shayna Mckinley another member to the channel. Thank you for being here Um, what else is going on here? Oh, did you all like my video with my brother that I did? Which one did you like better the one that I did on my channel or the one that I did with him on his channel? Because a lot of people really like those videos So we were thinking about doing more and if you remember if you're an og member of the channel You may remember that We talked about doing a podcast together with my younger brother as well but it's just It's challenging to get us all in the same place at the same time So I think that's the problem, but I would totally do that It'd be hilarious. My older brother's hilarious, by the way If you don't follow him, go check out his channel because he does some good content And uh, I'm gonna I'm trying to get him to do more stuff as well All right, what else what else is going on guys? What else is popping over here? We have 166 people in here. That's not bad right now Um So we check out some current events for the time being let's go back to the So we already did CNN we already got everything over here Um, well, let's check out this how do we transform workouts? How many people worked out in the morning by the way? I worked out this morning I'm just kidding. I don't lift like heavy weights. I do a lot of cardio um Six creative ways to transform your workout. I mean, can't they just like list it? So I don't have to go down here looking join a fitness group. That's what I did. I joined a fitness gym There's like 28 of us or whatever in the morning and we crush it. It's like a cardio group And angrionic comes with me and we do it together and it's a lot of fun dance not doing that Sign up for a new to you event.  That'd be not ideal I don't think my practice would like that too much All right This scene is dead to me today. Let's check out the old fox news. We got to keep it balanced all right Oh by the way So the new members in here, I'll tell you what my This is reminding me of the video I just made for sunday. I'll tell you what it is to my members, but Um, let's see what else is going on here You know, it's gonna be I can't wait for the day where we tend to do these live streams and I pull up The turn events in medicine and it's just not covet. I think I say that every time but What else What is the Lurona? A twendemic I guess they're talking about a flu pandemic and coven. I heard the flu is pretty bad this year because the The strain of the flu shot is Not the strain that causes the flu this year. So it was a huge miss but it still lessens the course of the Infection, but it's just not uh It's not on the mark Sometimes you miss the mark this year. We miss the mark. I did it, but someone did Someone smarter than me Let's see the washington post to see what lives behind their paywall Does you know they like to annoy me with that? I'm thinking about joining the apple news Hello, how much is the apple news? Let's see here. So I've noticed every time I start typing it kicks me off of the actual Stream here Let's see the apple news Oh, yeah, never click on the ad by the way You can't see it anyways Let's see here Try free for one month. But how much is it? Can you get like I think you can get like new york times? 9999 a month. I think you can get pretty much everything with this So I may try that but we'll see We shall see We shall see Let's see what's going on the chat here catch up on some things here All right Talk to alone workouts either happen in the morning or not at all That is a statement I could not agree more with if I don't go work down the morning The chances of me doing it afterward Man, I can't work out after work. I just can't like when I finish work. I have to come home and Just veg out after the long day, you know, I can't be like I can't uh, I can't just I can't work out at night. I'm just not motivated. I have to wake up And just go straight to the gym. That's the only way to do it Who said a Rolex Explorer 2 on an oyster flex band? Who said that? Who knows watches like Danny M um What oh wait, what is a horologist? Horo horo horologists I have to look that up now guys Is it like a wash guru or something? I know I'm saying that's so wrong Here we go Horologists is Oh, it's a watchmaker. Oh, I know that's occupation a person skilled in the practice of theory of Horology Well, that doesn't make a maker of clocks or watches. That's a little better definition Huh, you know, have you guys ever seen the uh, so I obviously love watches. Have you guys ever seen the uh That I think it's on instagram where they have It's like a subscription service where you can they send you Like a broken up watch And then you put it together and they give you all the tools to do that and I've always wanted to do that but the problem is Like I've I liked certain watches. I don't like that watch that they that they actually give them the kit, but I really wanted to do it Let me know if you've done that before All right, let me look at some questions here. Sorry. I'm trying to keep up guys Trying to keep up do some current events all that stuff What else is going on? Can you make a video about the differences between t1 and t2? You know, I would But nobody would watch it That's the problem. It's like too specific, you know So I'd spend a lot of time making that video and like Five people would watch it. So That's the problem. Also, it's very complex To be quite honest with you We have to know all that stuff for our boards like the ins and outs of the physics behind t1 and t2 and t1 shortening t2 shortening and TR time and all that kind of stuff repetition time pulse time What I don't I remember half that stuff, but it's very complex and people would just be like if I did a whole video on this People would just buy this That's what happened or they would just turn it off So it'd be Not very good use of my time Let's put it that way What else is going on here? Hello from Peru. Hola You know I'm glad my wife isn't in here because we almost booked a trip to Peru for march But uh, we decided not to because we're letting this whole COVID thing die down because especially I was already kind of steered about being Before sustaining a country and testing positive while I was there But I was less so steered until the micron variant came out and now like Just spreading like wildfire and it's just a simple cold for most people who are vaccinated And uh, the last thing to want is to have that in a quiet when I'm in South America or something Or anywhere for it for that matter. So I'm just waiting to travel until this thing kind of dies down Because I don't want to test positive when I'm in another country Paul Cologne says would it be wise to pick up a new hobby while juggling school work and volunteering? I did I picked up a new hobby aka Social media while I was in residency. So I was learning radiology working every day and also Learning how to film how to do photography How to edit photos edit video How to do all this stuff what kind of technology I need And it's a constant learning experience. So Look the end of the day you have plenty of time to do all this stuff to do whatever you want. So You know What else is going on here The real question is how long have I been on this chat for? Oh, not that long Not that long though 36 minutes I try not to go too long past an hour because people start to Nancy, you know, all right. Shall we check on some more? Currents eventuals All right, so we're figuring out what a watchmaker is called had no idea So that's cool We didn't check out this yet How fast a micron idea and see if I clicked on this it's behind a paywall. So I'm not even gonna try Man arrested on charges of attacking vaccination clinic Injuring staffers he called murder as well People are interesting ba ba, but every freaking article Is about covid it's crazy What are they gonna talk about after this? I saw winter dryness, uh, let's see Humidifier Chapstick lotion probably cuts that I'm basically dermatologist um ba ba ba menstrual pad we already have a pretty good cervical cancer tool called a pap smear It's a pretty good tool Home remedies for some conditions I mean some people believe in that stuff whatever Oh, yeah, we already did this medical implants. We already know that already did that Shall we check out the old? Reddit and see what's going on in the health world or the reddit We always like to see this Whoever was the person who got me started on reddit That's awesome John Lito's Does the wifey get jealous when needed to work from home sometimes? No, because she is I'm off right now not working from home, but she is Also working from home right now Well, I'm not working from home, but she is working from home right now. So she's not jealous We both have a pretty good, uh flexible schedule One million virus cases with data delay. Wow And that doesn't even count for all the people who are taking home tests Like most people I know who are diagnosed with COVID lately New COVID vaccine from Texas could be a global game changer There's another vaccine. What? See when you see stuff like this, this is super sad, right? Arizona siblings lose both parents COVID-19 the less than 48 hours. I saw like the The twins from France. I forgot who they are But they died like right after each other both from COVID. It's very sad But nowhere else to go. He slept in the emergency room. Interesting Yeah, see this is where it's over Massachusetts flu activities highest for the first time since April 2020 that's probably because I think people are just like Steered of vaccines and everything all together now So a lot of them aren't getting the flu shot either, but the flu shot is a miss this year So that's not good. So now we're going to have this confounding people are going to get severely ill with the flu and then I think it's COVID run to the hospital Cross an outbreak of flu at the hospital and it's just going to be this whole world one here All right, what else what else is going on here? I guess I can answer some questions now If anybody has anything and then we'll uh We'll end it a little after some of these questions here I'm getting a stream thing down by the way I'm getting it down All right Did you ever think about an academic career for like 0.00005 milliseconds No, I have I have no interest in doing academics whatsoever The only time I would ever do academics is if I was like trying to settle down towards the end of my career Or something to be like one of those old dinosaur doctors who's like a professor Just walks around the hospital in a white coat But I definitely don't plan on doing any academics. I do like teaching residents But there are so many other things. I don't like about academics And that's why I'm not doing academics Um paul cologne says if not new york city and new jersey, where would you like to live? That's a good question. We were just talking about this the other day. Um I don't know you know from the south So I considered Going back to the south at one point. I also considered florida I would love to live in florida. The problem is it's so damn hot all the time. It's like 80 degrees right now there It's supposed to snow here tomorrow and it's like 80 degrees in florida. I just can't be hot and sweaty all the time I have to have some seasons So anywhere the northeast is probably fine for me Problems taxes in northeast are high Which i'm not a fan of and florida has no income tax, which is fantastic And uh, that's why we buy all of our rental properties in georgia by the way Which obviously i'll talk about that in the upcoming videos because We may be doing some other things with some rental properties And since you all are interested in it Might as well talk about it Um, what else is going on here folks? Hello from bosnia dobro yutra. What time is it over there? That's probably seven Do you rotate florida's humid too? I know florida's so humid So humid Um, I don't understand this talked about being popular in med school I don't know. I don't know what that means Are people popular in med school? Dennis balanios Why keep asking me the same question The more you ask it the more i'm likely not going to answer it Because i have no idea i'm an interventional radiologist. I'm not a neurologist Um, ever thought about moving to california. I wouldn't go to california for literally any reason Literally There's no reason to go to california. The weather's nice.  Let's just pull up something here You know because i'm curious Because this is why Let me see here. Let's pull something up. You know when you get me on the live stream. I tell you how it is All right, so california tax rate. So let's just let this is all we really care about here, right? Just look at this. So married filing jointly So say you make somewhere above 122 to 625 That's not true though. That's not nine 9.3 tax rate. It's higher than that. It's like 63 or something What is this for or that's the income tax? The state tax is 7.25 percent The number one highest in the entire nation Which is awesome The actual tax rate is something like 62 percent or something. This is so not right I don't know what this is for I don't know why I don't know what that's the tax back. That's not true though. Let's find the real Let's see what let's see what this says Oh, this is in addition to the tax rate Okay So you pay all this plus The 10.3 percent on top of all that stuff So whatever that is Can someone just do this math for me? Is that too hard? I feel like doing this Danny insist as California. I feel attacked. I don't you know, I loved california. I will say the problem is I mean your money just goes to the government. That's That's what you do there It's it makes it really difficult. So if you're a high earner in california It a lot of it goes to taxes, you know, I was watching podcast today with like Who's not watching podcast multi-millionaire? And they think his he pays 60 something percent the taxes like he worked his butt off To do well there and ended up Has to pay so much in taxes versus like Yeah, see someone's Someone says, uh, I am paying those taxes in Cali. No way in hell That's how I feel Look, I'm all about taxes like look you gotta pay taxes and the high earners have to pay taxes Um because someone has to and I think I think it's fine if If you know we're taxed. I think you have to be taxed, right? I mean Someone has to pay for the roads someone has to pay for the construction the highways The trains the transportation all that stuff like we have to have taxes But I mean come on now It's a little crazy some of these places like california Like you work so hard for this money and then they just like take it from you I wish there were a way to be like I want my taxes to go to School systems or like I want my taxes to go through go to repairing the potholes in my Road in front of my house, you know what I mean But instead it goes to the government. You have no idea what the heck happens to it I think that's what a lot of people really get pissed off with with taxes I can't find the damn tax bracket for California But it's something I Anyways What are people saying about california? I'm not trying to like hate on california. We got they just have a super high tax rate CJ thanks for the five dollar super chat. I thought radiologists are paid more in cali and new york city They are but not in the way that It would make a difference so like They're probably paid a little more than A physician and like Actually, you know what I take that back. No, they're not which is counterintuitive, right? New york city physicians are paid less And why I have no idea The general rule of thumb is like The further you are out from a large city like new york city chicago la the more money you make as a physician Counter to that new york city is one of the few places where You can make a hell of a lot of money as a physician Because there's no ceiling. However The actual physicians that make that are like You know the cmo's of the big hospital systems like sinai or nyu or like cornell Stuff like that. So for those reasons you can make a lot of money as a physician, but mostly You don't get paid Worth your weight at all. It's terrible. Which is why I didn't want to work in new york city it's just You get paid less you get taxed more and you work harder and you work longer like Who wants that as a job especially after you just work for 10 to 14 years of training You're like, oh, please. Can I work harder for less money with longer hours? India tax more like what that makes no sense, right? I don't know why people practice medicine in a new york city plus a lot of people don't know if you live in new york city You pay the new york state tax and you pay the new york city tax. I'll never forget my first paycheck when I was um a resident Surgery resident in uh, Manhattan And I was I got I was like, why not get taxed twice? Because I moved from georgia to new york city. I was like, oh It's because they charge the new york city tax, which is very high So that's that um, hopefully that answers your question cj Yeah, popular. I ain't paying those taxes in Cali.  I love that man I grew up in the Bronx. I know taxes don't go there.  I love new york city, but some things Drive me crazy about that place. They have like the worst roads on the planet Coming from the south where our roads are pristine And I know they have the salt and I know that like eats up the asphalt and all that stuff But like for the amount of taxes you pay in new york city You get nishta It's nothing in creation nishta All right phone sizes But you live in new york city. Yeah, and that's cool and it's it's really worth a lot honestly um Like new york city is like no place on earth and that's why a lot of people just deal with that stuff They deal with the rats. They deal with the small apartments. They deal with the taxes because You know, you can go grab a nice cocktail the Steps out your door and it's fun, but at some point If you don't have a job like on wall street or something building wealth Like a lot of people work there because that's You know, the only place they can work to make a lot of money, but I don't it's a different it's interesting spot for sure So let's sum up this uh a live stream and two things here hating on california and new york city and hating on them That's what i've done so far this whole time Hey, if you want if you want to join this live stream, you get the real me This is the way it goes guys This is just the way it goes Um, let me see how long we've been on this by the way Um, how long what time is it? Oh, yeah about 10 minutes to answer some more questions here guys Um new york city is as cool as it seems. I mean it's definitely cool as it seems Um, it's it's definitely interesting too But uh, yeah, I always say like if or when I have kids When they finish college or if they go to college, I don't even know if they're gonna have college But let's you know what? Let's hit it a little more here Tuition in america that's another thing i'm gonna hate on Because I don't know 18 years from now say we have kids in 18 years from now They go to college.  I mean at some point it gets a little crazy, right? But um Yeah, so I don't know I forgot what I was gonna talk about Oh when Yeah, I want I think everybody should move to new york city just because it opens your eyes to so much Right.  I was just talking about it Is that it really opens your eyes to a lot I first moved up there in Eight nine 10 somewhere around there And It was the best thing I ever did it opens your eyes to so much culture It opens up your eyes to see stuff from other people You meet so many different people from all walks of life all around the world And they're the best restaurants in the world And what else? That's pretty much it It's just fun. I mean, there's no way I subscribe. It's the best place to go when you're young for sure um mandy morrow Welcome to the channel everybody. We got two new members in this chat alone. I really appreciate it You know, I'm gonna have a lot of comments to respond to now with all of you all joining the channel This is gonna be a lot of work for me, but uh, I really appreciate it in fun size Welcome to the family as well All these new channel members. I'm getting I'm getting excited now I'm really I'm excited guys. It makes me happy. You join the channel.  You get access to me.  I'm thinking about filming two more tomorrow. What topic should I do a video on? And tell me how you think it what you think about my uh, my recent video also thomas chelini is in the chat He's my younger brother who wasn't on our youtube videos. Who's also a radiologist I'm reading impatient ct today's and don't want to do it anymore. What should I do? Um, what you should do is wait until Four o'clock or five o'clock when you can finish Tell your attendings to read some I'm sure they'll I'm sure they will All right. What else is going on here? I just I just love aims are these questions, you know I'm off today by the way. Did I tell you all that? This is why I'd be excited. I filmed like I've been off. I've been off this whole week by the way Sorry, I've been off this whole week by the way Um, so that's good and uh What else was I gonna say? um I forgot what I was talking about. I'm like all over the place today What else we have here book recommendations for real estate investing That's a good one um I think rich dad poor dad was always a classic, right? I read that originally like 20 years ago before that I even knew what the heck I was doing with my life Um, I was actually going to reread it but my favorite favorite Book of all time, especially for anybody in the medical field is Let me tell you what this is right now Let me just go ahead and tell you Let me pull this up so you can see it I don't know if the book is here though Either way, this is the book. So let me show you This one right here This Is like the best starter book That anybody in medicine even not in medicine should read You have to read this book the white-toed investor a doctor's dad into personal finance Nobody teaches you this kind of stuff in med school And we're so busy studying like medicine learning how to be a doctor all this stuff even for like nursing students nurses Physical therapy students all the above. This is the best book you could possibly read It like it gets your feet wet into finance and kind of opens the doors for you I loved it. I read it back in the day and I just read it recently probably about Six months ago or so It's good solid book and it's kind of like motivated me to do more Medical finance financial literacy stuff On my channel because I think it's that important and it's it's funny like so many You see so many doctors who've been practicing for years and they don't know a lot of this stuff And uh, it's kind of a shame. We spend all our lives doing this stuff But don't learn any finance Um, and then what else do you want? CJ with the Super chat here. You know, I gotta answer that when you guys put these super chats like so bright On my screen here. Let me see. Can I add it to my? Oh, I can't do it Anyways, CJ says rental investing in georgia versus texas. Oh, that's a good question I don't know what the texas market is but um In georgia the reason I love it is because So in like northeast states like new york, new jersey the tenant has a lot of the say and has Basically a lot of the controls like you always hear those stories like new york where You can have someone not pay rent and They can't be evicted Because they just sit in their apartment for like a year Um, that is true In georgia If you don't pay your rent you can start the eviction process pretty quickly Um, and that's not to say i'm like You know gonna kick someone out as soon as they don't pay rent but i'll work with them But it's it's a lot easier to own properties there plus taxes are way cheaper Let me say you own like a 200 000 house in georgia Your taxes are not to be that high per year versus in york york city Those taxes could be like 10 grand a year. They're probably closer to like 1500 in georgia. I'd imagine texas would be similar But i don't do business in texas But i know a lot of people who make a lot of money in real estate kind of focused in the southeast so Hopefully that answers something there all right adarsh sedu With the five dollar super chat. Thank you very much for your contribution Your thoughts on unions like nursing unions in kaiser hospitals in california get paid a lot I'm talking like 80 dollars an hour. That is a lot Um Also, thank you for becoming a member adarsh. I really appreciate it. I did a lot of members in this in this chat here My thoughts on unions. I think they're good. Um In the certain environment It's this is kind of a tough tough tough question to answer um It's good because it helps The workers who are in their unions, right? um, it helps make sure they maintain their jobs and make sure that They work safely they always have a You know a lobbying body around them when things go wrong or like say for instance If the hospitals were like, hey, we need you to work Have five patients per nurse right now And if they didn't have a union to kind of ban against that thing and have a lobbying power against that those topics and healthcare and all that stuff then it would be an issue just kind of to fight it but With a union you kind of you're like a huge group And uh, you have a lot of lobbying power with you. So they can be really good um 80 dollars an hour for california. It seems like a lot but california again Such expensive to live taxes are high um, so I mean I don't know I go back and forth on it because sometimes they're good um Sometimes they can be tough to deal with Um, especially it's the weird thing is is they don't like physicians unionize, which is very odd I don't know why I think it's because we I don't know I never really understood that but Sorry dars. That's a tough tough question to answer. You put me on the spot there But thank you for joining the channel. Thank you for your contribution um What else is going on here? I love these questions. I love I love interacting with you all this is really cool um Nothing like cryptocurrency investment I do own crypto. I showed you What when did I show you all? Back in the day. Didn't I show you all my crypto? stuff here I didn't show you like my whole crypto, but I showed you uh What I invest in just real quickly. I used to invest in ada, but I sold it around That 240 I think somewhere around here Maybe I sold it on this peak somewhere around here. I sold it um But I invest in Not sheeb Where is it? Oh, here we go. They're red today. That's why they recognize them bitcoin, which is unfortunately down to 43 which is Not the ideal situation Ethereum also down in salana are the three cryptos that I currently invest in So there you go Now you know All right. We have some more super chats in here So itachi Uchiha I think that's how you spell you say it. Tell me if I'm wrong Um on my 50 freestyle. I swam at 22 38. That's good. You have to tell me how old you are male female My fastest 50 free I swam in college I don't know if this is fast anymore. I went 19.0 19.03. I think was my fastest 50 free Um So one day you'll beat me And adarsh, thank you so much. Hopefully I answered your question earlier. Love the vids keep it up. Dr. Chilani appreciate it Appreciate the support I really do and thank you for all the new members of my channel. I really appreciate that I'll send you all a little chat as soon as we get off this super chat or this uh live stream What else is going on? Even though you're a doctor Watching your videos inspire me every day to go to ph cool. Yeah, I mean, that's my goal I want to help anybody out in the medical community. So not just physicians everybody nurses phas physical therapists pharmacists vets you name it That's why I do this whole thing Um, what else is going on here? I think I missed some questions. Let me scroll up Do you have any podcast recommendations? Um I think I've said this on one of my channels before let me pull it up here This is my favorite podcast to listen to I don't know why Well, I do know why because I love it, but let me see if I can find the youtube channel here It's just fine because it has my a few of my favorite youtubers And they have a podcast together, which I absolutely love Why can't I find it? Let me see Give me a sec. Let me pull it up here. I'm trying to It is called my favorite podcast right now is This right here. Let me pull it up This millennial money I love this podcast It's just like for young guys like 20 high late 20s early 30s Graham Stefan, Jeremy Meet Kevin, Andrejik For them just do a podcast every week. I Love this podcast and I watch All four of these guys like religiously. I swear Um I just I love the information they put out. I love their investment stuff I love all this stuff. So if you're interested in like a money podcast catered towards The younger generation This is it millennial money. Trust me You won't regret it. Just start watching every Tuesday or just pick up on this last Tuesday one Um, and you'll you'll learn some cool stuff Very good information on here. Yes. I'm at adarsh says ice coffee hour. Yes Yes, yes, yes This is the other one This is my other favorite podcast that I do here He talks with some awesome people a real estate investor right here meet Kevin again and uh They talked with a lot of people about the financial stuff and successful people how they became financially successful They also recently had a Who was it? This one, which is an amazing episode. This is a 23 year old Former pre-med student fan her. I think her mom's a doctor Now she does only fans it makes 200 000 a month. It made me rethink my life decisions So, uh, there's that Um What else? All right All right. We had some other things going on here. Yeah, adarsh. She said by the way, I love also watching meet Kevin and Graham.  He should treat me better Um But yeah Because i'm off again. I'm off this whole week. What do you want me to do?  It depends on if you like micromanaging or not Oh, that's a good question cj. Um Let's see I think it depends on what specialty you're in for one. Um Major chains have a lot of benefits like they usually have good benefit packages like 401k good insurance policies um You know, it's a very established Hospital system. They have every specialty So if you have health issues you can see any specialty you want um, like sinai for instance Huge hospital system that I worked with in uh, new york city They have every medical specialty to dream of there And the insurance for me and indiana per month I paid for like full Amazing insurance was five dollars a month, which is incredible, right? um Do I like it more than a small single location? I liked my job. I worked at a community hospital I liked a little better because it's not like everybody knows everybody But um, it depends some people don't like that some people like to work at big academic places But I like to kind of like smaller mom and pops kind of place I think it's probably easier to move up At the smaller community places and be promoted and whatnot, but That being said there probably aren't as many Like promotions or higher positions At the small community hospitals versus these large institutions because they have like So you're a nurse There's like a head nurse for This a head nurse for that a head nurse for this whereas Smaller community hospital. You may just have like the head nurse for the floor or whatever. I mean, I'm I'm downplaying this significantly But I hope you get my point. Um, which one which one micromanages more man. That's tough. I don't know I think the micromanagement just depends on who you work for And all that stuff But uh, yeah, hopefully they answer your questions, CJ That's another tough one. These are tough questions. Yeah, that's it Fun size is how many vacation weeks do you get per year? Quite a bit um quite a bit But I took a job that has a lot of vacations so I can devote a lot of time towards uh Other things like social media and investing all that stuff Um, what else is going on besides my older brother He goes die live stream during our shift. Yeah, I mean, I'm off today. What do you want me to do? Um, can you really work from home as a diagnostic radiologist? This is my home setup. Um, so This is how I work from home This is my dictaphone. This is my mouse So, uh, this is where I sit. I literally just sit Look this way turn on my computer And work from home So yeah, you definitely can all the hospital studies gets in here All right What else is going on? I love how DVM Chalini is like talking all this crap about me not working But he says he's at work, but he's watching a live stream So I don't really know how much working he's doing while at work. At least I have an excuse as I'm off, but I don't know I don't know DVM Chalini Um, Adarsh says do you like the fire movement? I don't know what that is Should I look that up? Let's find out the fire movement, huh? Oh, this is what you mean The fire movement financial independence retire early. Yes. Yes. Yes Uh, yeah 100% I move this all the way I do I do like that movement um It sounded different from our uh older generation, but uh, yeah I'm down with that Financial independence retire early Sorry, I knew that I just had a brain fart All right. What else is going on here? We've had a lot of people join this stream today, which is pretty cool So thanks to all you all for that to all you all um See legit my younger brother Thomas Chalini here DVM Chalini works less than anyone I know it exactly he always talks about this crap how I I don't work that often even though I do Meanwhile, I was on call the last nine days before I had this week off So I don't know what he's talking about He says I never worked and then and he's at work right now watching a live stream He's watching me live stream and and not just watching not having in the background. He's actively commenting. So I mean, he's telling me that I don't work a lot. I think he doesn't work that much Um fun side says I'm in between Derm and rad prefer the rad lifestyle, but hate reading rad research papers Who who reads rad research papers? I don't read rad research papers Why would you read rad research papers? I don't understand. Um If you're deciding between dermatology and radiology, you should ask yourself One Do I love acne because that's a lot of what you looked at two Do I like seeing patients like every 15 minutes and being booked in the clinic every day? I'm talking about the rash or do you like seeing new cases every day working from home? do you like normal hours minimal call So you should ask yourself Um adarsh. Thanks for joining. Thanks for coming to member by the way. I'll see you later Paul Cologne says work harder or not smarter or work smarter and harder. I totally agree and uh Are some rad jobs one week on one week off some rad jobs are one week on two weeks off if you can believe that um One of my friends who took a night shift job only he works one week at nights and he has two weeks off afterwards So it's not too bad if you don't like if you don't mind working nights You don't like a family to go to and you work Literally A third of the year And have a real salary. It's not a bad gig if you ask me Ah, what else before I get off here? Um How did you use to study med school? I did a whole video on that Um how I study med school. It's probably the most top-performing video on my channel to be honest with you So, uh, if you haven't seen it Let me pull it up so you can see it Let's see here So here you go by the way If you want to join the channel you can join. Oh, look i'm live right now If you want to join the channel, all you gotta do is just click this guy Click it. Oh, I gotta sign in if you click this you can join the channel Become a member of the channel get access to cool things like a badge. That's your name. You get Priority comment responses from me yours truly and now i'm getting a lot of members I'm rethinking responding to all these comments that the members post but nonetheless That's why you join the membership Um You access me you access to videos before I post them I post member only content all the time. So, uh, if you want to become a member hit here And other than that, this is the video I was talking about. This is probably the top performing video on my channel here How I memorized everything in med school? I basically talked about the study strategy I made this two years ago. It has almost three million views And uh, this is the strategy. This is the strategy I use in med school and how I did so well in med school Finished in the top tier of my class in med school And yeah, if you want to watch that video go watch it there Um, still the best video on my channel. I filmed this video fun fact behind the scenes here I filmed this video while I was on diagnostic hall at like 3 a.m. I just whipped out my camera And did it in residency. It was kind of funny. And then now all of a sudden it's the top performing video on my channel like I literally was like, oh, let me put on the channel I'm have a little lull here in the study is at 3 a.m. And uh And that video just like took off crazy Crazy how that works It really is It's one of the things is like You put like minimal effort in something and it turns out huge and then you put so much effort in something and like Nobody watches it That's youtube for you Um, blue wolf says join. I totally agree another member of the channel Shout out blue wolf um What else we'll answer a few more questions and then we'll get the heck out of here Because you know, it's my day off. I gotta enjoy it Maybe I should sit closer to the uh Screen here. I was all slunched over Slunched CJ says with another five dollar hitter Thank to you CJ. CJ might be my top contributor to this channel You could have been a member like five times over now Um, how to get jobs in radiology. Do you work directly for the hospital or do you work? For a radiology group and get contracted to different hospitals. Very good question as usual. Are you do you do radiology? What's your what's your background here? You have some good questions um so How to get jobs so you get jobs on job boards. There's a couple of different job boards you can look at If you're in radiology, you know what those are Do you work directly for the hospital? Yes, you can a lot of hospitals contract Radiologists directly some contract radiology groups directly. So for instance for me, I work for a private practice and a couple hospitals around the area and outpatient centers contract us To read their studies and they contract the interventionalists like myself To perform procedures on the patients at those hospitals. So I don't work directly for the hospital But i'm contracted through my practice to work for the hospital And I can work at many different hospitals within that system or other systems Um, it's not I don't have to stay at one hospital. I do mostly work at one hospital, but we can bounce around over the place um A lot of my colleagues in my practice worked at many different hospitals I do as well. Just not so much and uh, yeah, so You can pretty much do anything if you're an academic interventionalist or radiologist you can just Work for that hospital. So if I work for like New York university and why you I would only work at NYU hospitals I wouldn't work at like Cornell and and NYU. I would only work for NYU um So yeah, CJ CJ you're basically a member now from all these uh contributions all right, so Bruno asks How much radiation exposure do you have? Do you worry about it? I had a lot of radiation exposure in Fellowship and not as much anymore because I don't just sit in front of the floor being for hours and hours and hours Those days are over Um All right, any other questions before I get out of here as always join the channel Um, I really think you should join because it's fun and we're fun And you can get access to me hit this join button right here. So all you gotta do is hit this button first Gently tap this button and then hit this button And then you can follow me on instagram as well deal deal I can't believe that actually worked. You can follow me on twitter too by the way So go join the channel Be a member Be a true member true fan All right, so If there's a cool question, I'll answer right now Otherwise i'm getting out of here because it's been like an hour and 20 minutes on here And that was a long time to do a live stream blah blah blah blah I think that's pretty much it But some people have extra money Also, I'm so sick of getting These spam calls. I don't know why For some reason Let me see. What are my brothers and me?  CJ is typing guys. So I better wait for CJ I'm only waiting for you because you have so many super chats this time Um See you later Tommy back to work Do you have to do continue education and if so how much oh brad good question? I actually just figured this out two days ago Got an email and they said oh by the way You have to start doing your continue education for your board certification and i'm like I haven't even gotten my certificate in the mail yet Like i'm board certified. I found out in october or november I haven't even got my certificate in the mail that I can put on my wall And they're already telling me I need to keep up with it doing questions I was like, okay And uh, so the requirement is actually quite a lot. So we have to do two questions On radiology questions like test questions We got like 60 seconds each to answer them. You have to do two questions every single week For like 10 years That's that's a lot of continuing education. I mean granted. It's only like two minutes or whatever, but You know It's still That's a lot. Especially. I'm like, I haven't even gotten my certificate yet. I thought it was quite funny You have board certification the last 10 years Um And I don't know what happens after those 10 years because they keep changing it They used to make us say to test every 10 years But I think this is the way that they don't make us hate the test They just make us answer questions for like every week for the rest of our lives, which is I don't know what's worse We'll see I'll let you know the first two questions I answered. It's so easy at this point you answer all these questions because I mean technically I'm an expert in the field So it's pretty easy for me to answer these questions now But um, yeah That's that All right, what else is going on before I get out of here Um All right fun side says in the lull And uh CJ of course with another five dollar hitter I have to answer it. This would be the last question I answer Please review how to choose a good radiology group to work for any horror stories from horror. Yeah 100% Um, all right. Are you a radiologist? You have to answer that So how to choose a radiology group to work for It's that's really tough actually the interview is like all you have And you can basically talk to other people who have been at the practice before that um, I got to Talk, I knew some of the people who were in fellowship before me worked at this current place that I'm a um radiologist that And I talked with them and found out all the information I needed to about it I love the people that worked there love the group there. It's awesome So that's what made me join but I've heard a lot of horror stories where You know some people join a group and then like A month later they sell the practice to a big hospital system or whatever and then they get screwed so Yeah, I mean you definitely have to feel it out and it's you definitely are taking some risk when you join a private practice less of a risk when you're joining an academic big hospital system because The job's not going anywhere unless the like building gets demolished, you know, but um Yeah, it's tough. You have to do your due diligence talk to people talk to current partners Talk to current uh people that work there talk to past people that work there And do your due diligence and compare it to others around so Hopefully that answers that question It's a good question. Yeah, CJ. You should just join by it. I mean you could have had like five memberships by now But all right Uh, do you honestly love your job? Yes 100 love my job Without question So I'll end it there everybody um Thank you so much by the way and uh CJ you're too nice, man He said not yet. I'm doing a college for it. Thank you for making this channel. Go ahead. You'll be an exceptional radiologist Um, and obviously I'll do more of these I may do one Maybe I'll do one like friday or saturday a live stream or sunday I don't know make sure you go watch the channel or go watch channel Make sure you go watch the prior videos that I did. I'll show you right here Um, you guys need to go check out these two videos. You know what the heck we're talking about This is obviously the video we're currently doing This is the video you should watch because I talked about all the changes coming to my channel You should also check out this video um when I talked about Dr. Verse veterinarian with my brother dvm cellini and then you should also Oh, that's annoying You should also Go check out his channel Son of a all these Check out his channel because we posted a video together as well And uh, yeah, we post some pretty cool stuff So as always Subscribe to my channel become a member if you're not already and You all are awesome. I really appreciate everything appreciate the support And uh, I guess I'll see you on the next live stream. Let me know in the comments when that should be I might do like two a week now We'll see All right. See you on the next one guys


I'm Matty B, VRP, I'm going to play as a party. My relationship history, I don't really know where to start really. Obviously, I live in Ibiza for most of the year, and having a girlfriend out there, as you can imagine, is pretty tough. I've had one serious relationship, live there on Ibiza, and then that's when things all went wrong, really. My ex is Daisy, I met her on Ibiza last year. We're a great banter, great sex, and that's all it was. I've seen her a few times, but we're literally just friends, and that's how it's going to stay. My ex would probably describe me as an absolute gent of a monos. I took the girls to Dubai for her birthday. I couldn't have given her any more. If anything, I'd probably give her too much. She finished me in the end, so I've had my heart broken, which is probably why I don't open up. I'm quite a closed person, because I've protected myself from past relationships. My biggest social media fail is stalking birds, double-clicking to zoom in, and obviously I've liked it. Do I just pretend it never happened? Do I unlike it? What do you do? The best way to get revenge on an ex, you've got to be cracking up with their mate. It's the only way you're going to get back at them, or at least someone that they know or sort of care about.    My mum's gone bowling in the room. Oh, sorry, sorry, sorry, said my girlfriend's name. Obviously it wasn't my girlfriend. So then the girl in the bed's going, who's your girlfriend, who's your girlfriend? Didn't you have a girlfriend? My mum's going to tell my girlfriend that I'm with another girl, but it's not my girlfriend. It's all going up in the air. The weirdest thing I do when I'm alone is I just sit there and talk to myself. Asking myself questions, I sometimes even answer them. Then I answer them and tell myself that I've gotten wrong. The next minute, I'm arguing with myself. The best thing about me is definitely my personality. I'm a 2 out of 10 looks wise, but I'm an 8 out of 10 personality. That's a 10, isn't it? The thing I like least about myself is definitely my temper. Sometimes people just grate and grate on me and I'll just snap. It's definitely my worst trait and I do not like doing it.   Whatever happens, happens. Let's have it.


Thank you very much, Tony, and apologies for imposing a new French accent burden today in this room. Okay, so very much of the introduction to this presentation has been done by Nora, and she already said a lot about those databases, so let's really go quickly in describing those databases where people are responsible for them, and then let's get into the comparison and let's get into the detail of what they do and some of the problems that we find in trying to understand why there are in some cases yielding different estimates of what is going on in terms of inequality in Latin American countries. CEPAL, or what I would call CEPALSTAT, which is a statistical office of the Economic Commission for Latin America and the Caribe in Santiago in Chile, they are publishing since quite some time their own equality measures on the basis of microdata that are getting directly from member countries. One of the problems with this database is that when you go to their website, there is no up-to-date methodological document which would describe precisely the way in which those data are being generated. I've been told by people responsible for this database that they are preparing a new document, at the same time they will take that opportunity to modify some of their methodologies, but at this stage, in some cases I really have to guess what they do because when you go back in time, people who are responsible for producing those data in the 90s are not anymore there, so you are not completely sure about the methodology that was followed. They say that the methodology is based on a rather famous paper by Oscar Altimir in 1987, which was really a comparison between household surveys and national accounts, and the main conclusion of that paper was that it was absolutely crucial to correct, to adjust, survey data in order to fit the national accounts, and we will see that this is the main difference between CEPALSTAT and the alternative database in the region. Poverty data are, again, their own, that are based on poverty lines which have been estimated a long time ago by CEPAL people based on the cost of a minimum diet, and then expanded with standard Orchansky coefficient, and again, this has nothing to do with international poverty lines like the 1.25 dollar a day, etc. Those poverty estimates also differ from the national poverty estimates available in the various countries, again, basically because poverty lines may be quite different. Another database, SEDLAC, is the name SEDLAC, the acronym SEDLAC is for Socioeconomic Database for Latin America and the Caribbean. This is a joint venture between a center of research at the Universidad de la Plata in Argentina and the World Bank Poverty and Journal Group in the Latin America and the Caribbean region in the bank. So they publish their own harmonized inequality measures on the basis of the microdata, the same microdata which is used by CEPALSTAT, and basically all those countries which are in this MECOVI program, which was a program where it was intending to harmonize our national survey in Latin America. They have a very well documented and fully up-to-date methodology, and from that point of view, they are very reasonably close to what could be the best practice today, that is LIS and POFCAL in the World Bank. So the database is very regularly updated, anytime there is a new database available immediately or in a few weeks, you have the corresponding data on the database, and this is very well organized. Finally the poverty estimates are those from POFCAL. They have an agreement with the World Bank in the center, they are providing the harmonized microdata to the World Bank for the World Bank to compute poverty measures based on the $1.25 a day and the $2 a day, but SEDLAC also is computing other poverty lines which I think are better in the Latin American context, which is $2.5 and $4 a day. Okay, the other data which are covering LAC countries, the POFCAL database in the World Bank I already mentioned, LIS has some Latin American countries in this database, although most often only a very few observation, a few data points, Mexico may be the only one for which they have a rather long series of points, and the OECD of course, now that Mexico has been in the OECD for quite some time, but now that Chile is in the OECD, both countries will be also followed by the OECD. And of course the secondary database that Nora mentioned. So the question I want to ask are how close are the inequality measures and the poverty measures which are reported by both databases. I want also to ask about the differences in the treatment, basically of missing data and under-reporting, and this issue of the national account household survey gap, and I will end up with a few other methodological issues. This is another view to a chart that Nora has shown before. This is a difference between the two databases in terms of levels of inequality, these are genetic coefficients. On the vertical axis, this is the SEDLAC estimate, on the horizontal axis, this is a SEPAL stat, you have the 45-degree line, and then as Nora was saying a little earlier, you see that definitely SEPAL stat tends to overestimate genetic coefficients in comparison with SEDLAC. In some cases, you can see that the difference is substantial, that's not me. And what is quite, I think, striking is the fact that the ranking of the countries is not the same. You see that for SEPAL stat, Brazil, sorry, Marcelo, is the most unequal country in the region, but for SEDLAC, Guatemala, Colombia, and Honduras are more unequal than Brazil. So because very often you have people-papers which are mentioning this kind of ranking, I think that this is not something which is completely innocuous. If instead of looking at the levels, we look at the series, then we see that as, again, Nora was saying that the trends are more or less the same. Here I have mentioned only a couple of countries, Argentina, on the left-hand side. So the top series is SEPAL, and the bottom series is SEDLAC, and the Pofcal data are still there, but they are very close to SEDLAC. The vertical lines correspond to years where we have an observation available in the two databases, which is not always the case. And the circles correspond to the case where you have discrepancy between the two databases. In one case, a database says inequality is increasing very much, whereas the other database says inequality is decreasing, or maybe it's remaining the same. And you see that in the case of Argentina, even in the recent past, in the mid-2000s, there are discrepancies which are quite important, and this is really problematic because as those data are scrutinized by politicians, by the press, by all observers, for a few years to have this kind of discrepancy is introducing a lot of noise in the debate. Bolivia, we cannot say very much about this. I mean, there is consistency. The reason why I'm mentioning Bolivia here is that Bolivia is a country where if we believe those databases, in a few years, the Gini coefficient went down by 15 points. And I don't think this is something which is possible. I know that a lot has been going on in Bolivia. There has been a change of regime in Bolivia. But to say that inequality has gone down by 15 points is something absolutely enormous. And it is quite amazing to see that in neither SEDLAC nor CEPALSTAD, there is no mention about what is going on there. And I think this is not a good job from databases of this type. Here you have Brazil. So again, there is some discrepancy on when did inequality started to decrease in Brazil between the two databases. And the final ones in Mexico, where we have almost the same estimates for all the years, except a few years, again, the circle where there is definitely one database saying that inequality is going down, whereas the other one is saying that nothing much is happening. So definitely there are discrepancy. Here we have the same thing for poverty measures. Brazil over there is OK. We have the trends are more or less the same. On the right and at the bottom, we have Mexico. And we see that at least in three years, there is a complete disagreement about the way in which poverty evolved. Costa Rica at the top is quite nice. And Colombia at the bottom here is showing that there is a kind of a change probably of methodology taking place in SEPARSTAT, which has not been documented, and which means that for a while there is a complete opposition between the two database. So the overall evaluation is frequent sizeable differences in levels. And as a matter of fact, to some extent, systematic differences for some countries. So time evolution is in general consistent of a long period, but very not infrequently there are big divergences. And one thing which is worth mentioning is that when, and this is a comparison, it was really very heavy to do that because it was requiring to cover or to review all the papers showing some treatment of those microdata in the literature. But in general, it is true that ZLAC is in agreement with research papers trying to see or to analyze the way in which inequality is changing in one of these countries. This morning listening to Marcelo, I was trying to see whether his picture was completely consistent with that. I didn't have time to do a proper job, so send me the slide and I will do it. And I'm not sure this is a good argument in favor of ZLAC in the sense that very often people or researchers are using data which are directly coming from ZLAC. And if they are using the same database, we have to hope that they are using Stata in a rather efficient way and they will not find a very different result. So I'm not sure about what to do with that, but this is a point that is worth mentioning. There is an issue with updating because it happened to me that by looking at the database set like I think at two time intervals, I didn't find the same result because there was some updating taking place. And one of the problems when you have that is that because there is no, you don't have access to archives, you don't really know what happened. So it may be the case that at some stage, there was some series and then that a few months later or two years later, the series has changed. And this is definitely something that should be documented. Let's get to the adjustment for missing data and reporting. In ZLAC, there is practically no imputation made when data are missing, when somebody is saying that he or she is working as a wage worker with this level of education, et cetera. And no wage income is being reported. In the case of ZLAC, they would say, okay, fine. So either this is a major component of the household income. In that case, we simply drop this household from the sample. Or it is not, and we keep the household and there will be a zero for that income and in the simple stat, they are imputing the value. They are imputing value simply by doing some matching or what they call the hot deck, which is basically to draw randomly somebody with more or less the same kind of characteristics and to use that, to duplicate to some extent that observation. But the main correction which is done in said pulse stat is because of underreporting by comparison with national accounts. So their procedure is following and they will maybe illustrate that with what they do in the case of Chile. Here in the case of Chile in this table, you have for various years the ratio between national accounts data taken from the household account in national accounts divided by the corresponding mean obtained in the household survey. So for example, for wage and salaries, you see that surveys are more or less okay. We are very close to the national account estimate. We have a ratio which is oscillating around one. If we look at self employment, it is not the case. Now we have a ratio which fluctuates around two. And what is problematic is that in some cases we have big changes. When you go from 1.85 in one year to 2.10 in another year, if self employment income are distributed in a non-mutual way with respect to total income, then we know that we will be producing big change in the distribution. And of course, the worst is for property income, where the underreporting is close to 30% or national accounts are present in some cases three times what you find in household surveys. And again, what is problematic is the fact that there is a lot of irregularity in that theory, look 2009, 1.94, 2011, 3.51. Again, because when we do that, instead of scaling up all those incomes in order to fit the national accounts, they for property income, they only look at the top, they only do that for the top quintile. So they impute to the top quintile all the difference between the survey and the national accounts. And this is, of course, quite problematic. When you try to do some simulation to see what is the implication of simply doing that and what is the kind of change that we obtain simply through this adjustment. And I've done some very simple simulations in the case of Chile. And if you look at the columns on the right-hand side, for example, in Chile 2011, because the correction for property income is quite big, we see that without the correction, the genetic coefficient could go from 44.8 to 46, which is something which is not negligible. But in 2009, because the discrepancy between national accounts and the survey was much smaller, then the correction of the genie is much smaller. If you were to do that in the case of Brazil, where in 2005, the underestimation of property income, according to national accounts, was much bigger. In that case, it would generate a much bigger change in the genie. So, definitely, this is something important. OK, because I'm short of time, I will go very quickly to the main points I want to make. The issue here is, what should we do? Should we indeed make an adjustment or not? There is definitely something we just heard about top incomes. And we just know that because in many cases we are ignoring or we are missing the top income people, because of that we are underestimating the inequality. So, should we make this adjustment to national accounts or should we simply stick to household surveys? And I don't think that there is a definite answer to that question. But because there may be many ways to do the adjustment to national accounts, it might be certainly good, first, to make sure that people would have access to the microdata, that somewhere there would be information what we get from the survey. And at the same time, it would be important to make some consistency check with national accounts. Is it OK that when we make the kind of comparison between household accounts in the national accounts and the surveys, is it OK that we observe some big change in one of the ratios I've shown in the case of Chile or not? And if you don't have access to household accounts in national accounts, some countries do not have a very detailed household account, then at least what we could do is look at a comparison between mean consumption expenditure in national accounts and the mean income in household surveys. Presumably, there must be some kind of consistency, some kind of parallelism between those two series. And this is what is done here. And if you do that, and if you look at where the inconsistencies are, you see that in many cases, if you do that, you say, OK, 2011, in the case of Brazil, there is a big drop in this ratio, we should go to see the survey, go to see the national accounts, and try to understand what is going on. What is the source of that change? And only by doing that, I think that we'll be making a big progress for the consistency of the distribution data or the consistency of the national accounts. And I think that this is something which is very simple and which could be done at a very low cost. Three, I need two minutes, Tony. One remark on each of these points, non-response. We don't see the non-response. When you receive a survey, you have all the people who have responded. But the surveyors know that they got to a place and there was nobody in that place or the somebody in that place said, I don't want to answer your questionnaire. We know that this non-response is not random. There is a selection. And some people have worked on this, in particular Martin Ravallian has written some papers on this in the case of the US. So at least the national statistical offices should give information on the non-response. And this would help. And this is something which applies to all household surveys, not of course to SEDLAC or CEPALSTAT. Equivalent scales. When you compare those databases with lists or with the OECD, you'll find that to be different is that there is less inequality in lists for Mexico or in the OECD basically because lists and OECD are using an equivalent scale. Whereas SEDLAC and CEPALSTAT are using income per capita. And they are doing that simply because they want to be consistent with poverty estimates. And poverty estimates, poverty lines are defined in terms of income per capita. So the point here is to say, try to make sure that you are reporting data with at least some equivalent scale and per capita. But it's not a big cost to produce this multiple result. Inputed rents, maybe to start talking about this. This is an important topic. One thing the point I wanted to make on this, inputed rent is fine. I mean, when you have the owner of a house, for example, in SEDLAC, if there is no information except the fact that the household is on its dwelling, they say, OK, we add 10% of the income to that household. Why not? But if the household is acquiring the house, they have to repay the mortgage. Shouldn't we take into account this? So the way in which inputed rent or dealt with is not completely satisfactory. Special differences in the cost of living, it doesn't cost the same thing to live in rural areas and to live in urban areas. SEDLAC simply says rural areas plus 15%. Why not? But of course, it would be much better to have some data on prices in the two areas in order to do that. And finally, when I'm saying multiple poverty lines, all those people are using different poverty lines. This is fine. Why not? But why don't they publish all what they find with the various poverty lines? Instead of saying the poverty count is so much, they should say poverty count is so much with $1.25 a day. It is so much with two, with four, with five. And maybe it is so much with one poverty line that we have used. And this would be clarified very much in everything. I stop here.


So I want to show you a couple of clips from last night's debate where Joe Biden was caught in a lie and Bernie Sanders masterfully backed him into a corner and wouldn't let him out and got him to admit that he was lying So when it comes to the issue of Social Security Biden has repeatedly denied that he ever floated cuts to Social Security. In fact, he once accused Bernie Sanders team of doctoring a video of him where he says very clearly You can watch the video that he wants to cut Social Security now What Bernie Sanders did was get him to basically admit that he was open to it now He still denied it after he admitted it in this debate. Nonetheless, I think that it was very clear what was happening here. Joe Biden Showed his cards and Bernie Sanders played this very well. Take a look. Joe. Let me repeat it again. I want you just to Be straight with the American people. I am saying You have been on the floor of the Senate time and time again Talking about the need to cut Social Security Medicare and veterans programs. Is that true? No, it's not true. What that is not true That is not true. What is true is in terms of the negotiations are taking place how to deal with the deficit Everything was on the table. I did not support any of those cuts and social security or in veterans. Oh, whoa, whoa You everything was on the table. All right, you're right You just said it including in your judgment cuts the social security and veterans in order to get the Kinds of changes we need on other things related Joe, but it just but we did not cut it I know because people like me helped stop that but Joe you just contradict Joe. You just Contradicted yourself one minute. Yeah, excuse me one minute. You said I was not on the floor the next minute You say well, yes, there was a reason why I was worried about the deficit. Maybe that's good reason Maybe it's not all that I am saying is you were prepared to cut and advocated for the cuts Let's just let me I did not I never voted to cut social not talking about voting Joe That's not what I said voted but look I voted to protect it I was the just go look at the debate with Paul Ryan for the vice presidency look at what I did and Bernie Will you acknowledge your campaign took out a context that whole exchange between Paul Ryan? Are you saying political fact is wrong? Are you saying yeah, well believe me the washing the post political fact is wrong a whole lot of times But are they wrong on that Bernie? Okay, are they wrong on that? Joe Bernie? Did you miss Joe? Did Joe wait a minute? I'll answer your question. You answer mine. I answered yours. No, you didn't all right one more time Were you on the floor time and time yet for whatever reason? Talking about the need to cut social security and Medicare and Veterans program No, I did not talk about the need to cut any of those programs Okay, all that I would say to the American people go to YouTube. It's all over the place Joe said it many many times I'm surprised, you know, you can defend that or change your mind on it But you can't deny the reality senator because you brought up social security and you've been talking about it I want to ask you about something that you wrote in 1996 You were a member of the house and you wrote an op-ed that said quote it is clear We will have to make incremental adjustments in social security taxes and benefits. Yeah Why are your past comments any less relevant than incremental adjustments what I advocated? adjustments that I advocated and have advocated for years is Among other things increasing the cost of living Assistant no, you're not gonna find me ever calling for cuts the social security I mean, what do you even say to that if you watch that and you don't see how disingenuous Joe Biden is being I don't know what to say like he admitted there. He was open to cutting social security I'd never said I'd cut social security Bernie Sanders. You're lying All I said was that I was open to put everything on the table including social security Which I specifically named and called a sacred cow, but I never said I'd cut social security Wait, you just admitted that everything was on the table including social security But you don't want to cut social security like this really I think should show people How easy it is for politicians to just outright lie and use double-speak. No, I never said the words specifically verbatim I want to cut social security. Therefore. I never floated cuts to social security Sure, Jan now what I love is that once he was back into the corner He tried to get out of that by basically saying well look I never did cut social security in actuality and I'm paraphrasing, you know Even if he proposed cuts it never happened and then Bernie Sanders came in with a death blow and said because I stopped that from happening Brilliantly brilliantly played by Bernie Sanders. That was just that was phenomenal And this is what Bernie Sanders needed to do because Joe Biden has the support of older voters And they don't realize that by voting for Joe Biden They are voting against their own self-interest because this is someone who has throughout the years said he's open to cutting social security Now you can choose to not believe that in spite of all of the evidence That's online go to the YouTube to find it as Bernie Sanders put it But he's been saying he wants to cut social security Not necessarily that he wants to do it, but he's open to do it And if he's in power what would Republicans want to do? Of course, they'd want to cut it under a democratic administration so they can blame Democrats for it and then boast to the public We've never supported cuts to social security. We voted to cut social security, but it was a democratic president who cut social security Now what irritated me to no end was how Dana Bash Came through and basically implied that Bernie wanted to cut social security. She said well Bernie You floated adjustments to social security now She didn't provide you with that additional context that what Bernie Sanders meant by adjustments was that we need to increase The standard of living for recipients of social security lift the cap on taxable income So it's solved meant even longer in the future And that that's just it shows how the media tries to manufacture consent because a lot of people point to Joe Biden using that code word adjustments, right and back in the 90s Bernie Sanders did say we need to make adjustments to social security So what they tried to do when the story originally came up was say aha gotcha Bernie because you and your team said Adjustments as code for cuts, but you said adjustment except the problem is that if you Follow the word adjustment and see what else he said after that, you know Follow the the entire sentence to its conclusion You'd see that he said specifically how to adjust it when politicians say adjust it and they leave it vague That means cuts usually because we've been dealing with this for decades Wall Street has been salivating over social security They want to cut it So we've had to be incredibly vigilant and look out for doublespeak look out for code words or weasel words as Cal Kalinsky would put it when politicians they say something But they try not to reveal their true colors to the public when we know what they actually are intending to do but overall I mean, this was a great move by Bernie Sanders now another move that was just so Painfully bad for Joe Biden. It was cringe worthy was when the subject of super PACs came up now to give you some additional Context because I'm not gonna play the entire clip because it would be too long Bernie Sanders was talking about the power structures in America, right that the reason why Americans are losing their voice the reason why politicians are almost exclusively doing the bidding of their corporate donors is because of the power Structures in the country large multinational corporations and billionaires they buy off politicians Hence why all of the policy outcomes reflect their interests. So, you know, Bernie Sanders, you know, he tacitly implied that Joe Biden's financial contributions are the reason why we're in this state not just Joe Biden, but all of the politicians and Joe Biden is you know, just a pawn in the game that's being played to rig the rules against normal Americans and Joe Biden basically tried to pivot by saying Well, look if you're trying to point to, you know, my campaign contributions I haven't taken more than $2,800 which is when Bernie Sanders correctly identified the problem is that there are these super PACs that flood campaigns with dark money to which Joe Biden then tried to accuse Bernie of also having super PACs Didn't go too well as you're gonna see and the implication is I'm getting these I've not accepted a contribution of anybody over $2,800 number one. My average contribution is $44 just this month. I've raised $33 million average contribution $51 the idea that this is Bernie's implication is somehow I'm being funded by millionaires Burn look in the last Super Tuesday and before that Bernie outspent me two, three, four, five, six to one and I still want I didn't have any money and I still want Senator Sanders It's good that you had an idea 30 years ago. I don't want to join you. Why don't you join me? Why don't you get rid of the super PAC that you have right now, which is running very ugly negative ads about me Don't laugh Joe. That's just the truth and they got two other super PACs running ads Against us.  I think in the past, Joe If I'm not mistaken you condemned super PACs that correct You get rid of the nine super PACs you have I don't have a nine super. I don't have any money to list them No, yeah, you go ahead. Let's get come on. Give me a break. No, I won't give you a break on this one Joe you condemned super PACs you got a super PAC is running negative, but here's the point this is the point in the richest country in the history of the world Half of our people should not be struggling to put food on the table and the reason for that is you have a political structure in which Big money interest not only dominate the political system, but dominate our economy as well. Somebody makes a decision We're gonna shut down a factory in America. We're gonna move to China We're gonna move to Mexico pay people's salvation wages there This is an issue that has got to be ultimately deal with who has the power in America Are we content with so few exercising so much power when so many people have given up on the political process? That was really embarrassing. That was perhaps the worst moment of the debate for Joe Biden Are you gonna condemn the nine super PACs that you have Bernie? You want me to name them? Bernie Sanders then says yes name them and then Joe Biden says give me a break So he tried to play chicken with Bernie Sanders and he backed down immediately This tells you everything you need to know About Joe Biden now. It's funny because this is the same lie that Elizabeth Warren used against Bernie Sanders and the rationale for her Getting her own super PAC. Well, Bernie has super PACs So it's all you know It's only fair that I get my own super PAC when what they were referring to as super PACs were our revolution Sunrise movement dream defenders organizations funded by you know, either their members like the national nurses united PAC which is technically a PAC or you know grassroots Donations like sunrise movement.  That's what happened when you tried to call out Bernie Sanders super PACs And you end up looking foolish So these were these two clips were my favorite moments from the debate It really made Bernie Sanders look strong and I really I'm just crossing my fingers and hoping that people see through Joe Biden Right see how disingenuous He was because he didn't display how he was in cognitive decline He hit it well enough for that to our debate, which is astonishing nonetheless I think he hit it well, but he still proved how much of a liar and disingenuous Regular, you know a standard politician he is Saying and doing anything to get ahead and I really hope that the voters see that you know and watching this debate if they Did watch it