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Supreme Court Upholds Curbs on Care for Transgender Minors · Bloomberg Intelligence

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  Speaker 2: Let's go back that a Supreme Court decision. We've been
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  Speaker 2: waiting a number of rulings. We got one this morning.
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  Speaker 2: The Supreme Court upholds curbs on treatment for transgender miner.
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  Speaker 2: Judan Grassow Joints is here. She's a legal analyst at
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  Speaker 2: Bloomberg News. Here, Jude, I know it's a big court case. Here,
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  Speaker 2: what did the court find?
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  Speaker 3: So this is basically expected from what we heard during
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  Speaker 3: the oral arguments, and the court found that this Tennessee
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  Speaker 3: law that bans gender firm and care for minors doesn't
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  Speaker 3: violate the Equal Protection Clause. And the key is the
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  Speaker 3: method of analyzing it, so.
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  Speaker 4: It could be analyze.
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  Speaker 3: These laws can be analyzed under a rational basis test
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  Speaker 3: or under a strict scrutiny test.
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  Speaker 4: The rational basis test is much easier.
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  Speaker 3: You just have to show that there's a rational connection
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  Speaker 3: between the government's interests and the law, and that's what
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  Speaker 3: the Fifth Circuit did in this case. And then they
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  Speaker 3: found that the law wasn't didn't violate the equal protection claws.
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  Speaker 3: With the strict scrutiny test, which is what the trial
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  Speaker 3: court used, you have to show that there is a
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  Speaker 3: compelling government interest in having this law and that it's
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  Speaker 3: narrowly tailored. So here the Supreme Court said, we don't
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  Speaker 3: have to use the strict scrutiny test. We're going to
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  Speaker 3: use the rational basis test, and under that law, under
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  Speaker 3: that kind of analysis, this law passes.
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  Speaker 4: And that's you know, as I said, the rational basis
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  Speaker 4: is a pretty easy test. Justice.
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  Speaker 3: During the oral arguments, there were a lot of questions
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  Speaker 3: and a lot of the Conservatives talked about how they
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  Speaker 3: didn't this was not a question for the court. This
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  Speaker 3: was a question for the lawmaker, and the lawmakers had
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  Speaker 3: decided this. And so the Chief Justice in his opinion
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  Speaker 3: in the last sentence, referred to that. He said, hold on,
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  Speaker 3: I'm looking for it. It's one hundred and eighteen pages. I
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  Speaker 3: don't know if I'll be able to find it.
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  Speaker 4: At this point.
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  Speaker 3: He said that this case carries with it the weight
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  Speaker 3: of fierce scientific and policy debates about the safety, efficacy,
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  Speaker 3: and proprietary of medical treatments, and so by the courts,
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  Speaker 3: the court's role is is just to dirt termine whether
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  Speaker 3: it violates the equal protection clause. So we're leaving policy
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  Speaker 3: to the people. They're elected representatives and the democratic process.
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  Speaker 3: Justice Soto Mayor wrote the dissent, and you know, she
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  Speaker 3: was very heartfelt and concerned during the oral arguments about
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  Speaker 3: you know, the fact that transgender people are about one
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  Speaker 3: percent of the population. And so the lawmakers who are
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  Speaker 3: making these laws, she said, are not considering them. They
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  Speaker 3: have no input, really have no voice, they have no voice.
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  Speaker 4: So what law does this then leave in place? So
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  Speaker 4: it leaves in place.
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  Speaker 3: The Kentucky ban on gender firming care for minors, which
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  Speaker 3: other states have copied.
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  Speaker 5: And so but in reality, what does that mean? So
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  Speaker 5: if you're under eighteen, you're not allowed to take steps
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  Speaker 5: to change genders, right exactly transition, I should say.
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  Speaker 3: It's a little bit of a complicated law. But under
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  Speaker 3: any kind of gender firming care or firming care for
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  Speaker 3: gender dysphoria is not allowed.
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  Speaker 4: If you're under eighteen.
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  Speaker 3: So that even includes if your parents are on board
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  Speaker 3: with it. So it eliminates a lot of the treatments
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  Speaker 3: that are out there.
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  Speaker 6: What are we still waiting form the Supreme Court?
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  Speaker 3: Aunt, So we're still waiting for the birthright citizenship case,
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  Speaker 3: which is, by the way, not going to rule on
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  Speaker 3: whether the birthright Citizenship Executive Order that Trump put forth
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  Speaker 3: is legal or not. It's going to rule on another
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  Speaker 3: issue about nationwide injunctions. And we're waiting on the age
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  Speaker 3: very garification for porn websites from Texas.
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  Speaker 4: And let me see, we're also.
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  Speaker 3: Waiting on how I have a list here of the
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  Speaker 3: trans care that was a big one that we were
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  Speaker 3: waiting for, the Universal the FCC's Universal Service Fund.
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  Speaker 6: All right, so there's still a couple more.
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  Speaker 2: Thanks we're waiting for all right, excellent stuff, Drian Grass,
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  Speaker 2: thank you so much for joining us. Jean Grasso on
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  Speaker 2: short notice on the Supreme Court cases.
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  Speaker 6: Our legal analyst here for Bloomberger Newspaper.
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  Speaker 5: Alex Delire alongside paulsw Need. This is Bloomberg Intelligence Radio.
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  Speaker 5: industries all around the world. We are also following what
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  Speaker 5: is happening around the world. President Donald Trump declining to
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  Speaker 5: say whether the US plans to join Israel's military offensive
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  Speaker 5: on Iran, but had some pretty harsh words for Iran
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  Speaker 5: and what he thought unconditional surrender meant, which.
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  Speaker 4: Was He's had it. That's what he said, quote, I've
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  Speaker 4: had it.
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  Speaker 5: Daniel Biman is director of the Warfare of Regular Threats
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  Speaker 5: and Terrorism Program at the Center of Strategic and International
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  Speaker 5: Studies and a professor at Georgetown University. Professor, what do
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  Speaker 5: you take that to mean? Unconditional surrender means I've had it?
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  Speaker 5: What is that?
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  Speaker 7: It's unclear exactly what President Trump is looking for when
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  Speaker 7: it comes to Iran. Obviously, he was trying negotiations and
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  Speaker 7: was frustrated by Iran's unwillingness to accept the US offer.
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  Speaker 7: But what he actually hopes to accomplish through military threats
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  Speaker 7: or perhaps military action. He still has not made clear.
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  Speaker 2: What do you think the options are for the US
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  Speaker 2: and its role potentially in that part of the world today.
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  Speaker 7: So the United States could continue variations of what it's
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  Speaker 7: doing right now, which is eighth israil but on the
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  Speaker 7: relatively light side. So the US is already assisting with
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  Speaker 7: air defense. There are news reports the US has assisted
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  Speaker 7: with intelligence entron and helping resupply Israel as it runs
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  Speaker 7: out of important munitions could be one role basically continuing
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  Speaker 7: what the US is doing, but it could also step
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  Speaker 7: up pressure in lots of ways. One of the ones
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  Speaker 7: being most discussed is using the US ordinance that is
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  Speaker 7: massive and specifically designed to go after sites that are
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  Speaker 7: deeply buried, and Iran's key nuclear site, Foordo, is literally
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  Speaker 7: inside a mountain, So joining that and using the assets
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  Speaker 7: that really only the United States has to go after
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  Speaker 7: this and in so doing probably further devastating Around's new
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  Speaker 7: core program. And it could be even more ambitious than that.
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  Speaker 7: Israel has attacked iran An infrastructure and especially a range
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  Speaker 7: of military and energy targets, and if the United States
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  Speaker 7: joined in that the goal might be to severely weaken
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  Speaker 7: the regime for several years and perhaps even try to
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  Speaker 7: lay the groundwork for regime change, although that's probably a
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  Speaker 7: bridge too far.
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  Speaker 5: Yesterday on television, I was speaking with retired General Wesley Clark.
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  Speaker 5: He's a retired US Army officer. He also was head
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  Speaker 5: of NATO. There's a pre mall ed leader of NATO
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  Speaker 5: for the West, and I wonder and he was pointing
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  Speaker 5: out the three things that happen when you're in the
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  Speaker 5: situation room, sort.
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  Speaker 4: Of the means, the.
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  Speaker 5: Ends, and he said something else the house I think
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  Speaker 5: it is, or is how you do it, the means
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  Speaker 5: with which you do it, and then with the end
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  Speaker 5: goal is what is your level of confidence that those
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  Speaker 5: three things are being given equal treatment right now?
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  Speaker 7: So let me say two things that may seem to contradict,
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  Speaker 7: but I think they're both true. One is, the US
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  Speaker 7: has been preparing for this separation for really for decades.
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  Speaker 7: This is something that has been discussed over the years
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  Speaker 7: by different administrations, and there's tremendous knowledge in the military
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  Speaker 7: and intelligence community on how to target around and so
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  Speaker 7: there's a lot of ability to cut to do this
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  Speaker 7: reasonably well from a tactical sense, but there are a
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  Speaker 7: lot of chaotic factors that are also in play here,
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  Speaker 7: and one of the biggest is simply what the United
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  Speaker 7: States is hoping to achieve from all this. Is it
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  Speaker 7: simply bandwaggoning on what Israel's already doing. Does it have
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  Speaker 7: different goals? And it's unclear to me how the process
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  Speaker 7: is working in terms of who is giving the present advice,
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  Speaker 7: how serious those people are in terms of what they've
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  Speaker 7: thought through, and whether they've thought about some of the
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  Speaker 7: long term consequences that are political as well as military.
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  Speaker 2: Do we have any sense, Daniel, how the Uranians will
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  Speaker 2: respond if the Americans were to aid these rules with
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  Speaker 2: some offensive operations.
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  Speaker 7: So it's possible that the Irritians will recognize the overwhelming
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  Speaker 7: might of American military forces and simply try to limitate retaliation,
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  Speaker 7: recognizing that they're going to receive a lot worse than
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  Speaker 7: they're going to give, and the best they can know
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  Speaker 7: for is just to hunker down. But no country likes
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  Speaker 7: to frankly be bombed or take a beating and do
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  Speaker 7: nothing about it, and they'll have strong political reasons to
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  Speaker 7: try to respond. A lot could be in the Middle East.
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  Speaker 7: Ron has a strong presence in terms of paramilitary ties
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  Speaker 7: and proxy groups in Iraq in particular, but also other states,
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  Speaker 7: and they'll go after US forces station there, they'll go
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  Speaker 7: after the US personnel there. In the past, Ron has
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  Speaker 7: also supported international terrorism and it is attacked targets around
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  Speaker 7: the world. So these are definite possibilities. And then we
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  Speaker 7: have to accept that Iran is creative and might do
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  Speaker 7: things we don't anticipate, that there are things that maybe
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  Speaker 7: in its playbooks that we just don't know about.
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  Speaker 5: This is an extremely unfair question. Is there a better
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  Speaker 5: way to go around this? Like, no one thinks that
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  Speaker 5: a nuclear iron is good. Everyone doesn't want that hands down.
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  Speaker 5: What is a better way If we're not going to
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  Speaker 5: get drawn into this on some military level and negotiations
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  Speaker 5: aren't working, is there a third rail?
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  Speaker 7: When we have negotiations backed by the threat of military force,
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  Speaker 7: they're more likely to succeed. And Iran was moving towards
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  Speaker 7: some degree of acceptance of negotiations. It's just a question
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  Speaker 7: of what level of success the United States was willing
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  Speaker 7: to have with negotiations. Having something similar to the Iran
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  Speaker 7: deal that Present Obama signed, which basically froze Iron's program,
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  Speaker 7: that was definitely in the realm of the possible and
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  Speaker 7: I think could be in the future, but Iran was
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  Speaker 7: drawing the line in terms of having some nuclear program.
• 10:31
  Speaker 7: It said, we are not going to give it up completely,
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  Speaker 7: even if it's not a nuclear weapons program. Iran was
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  Speaker 7: also drawing the line when it comes to support like
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  Speaker 7: proxy groups. So it's really a question of whether the
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  Speaker 7: United States will accept limits on a deal risk in
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  Speaker 7: other areas, or if it wants a much more absolute solution.
• 10:48
  Speaker 2: Daniel real quickly, thirty seconds left. Does the US have
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  Speaker 2: the military assets in place now where we need a
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  Speaker 2: few days and or weeks.
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  Speaker 7: So we have some in place now that can do
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  Speaker 7: a lot of damage to Iran. We also have long
• 11:00
  Speaker 7: range strike capabilities, so we have aircraft that can fly
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  Speaker 7: from totally from thousands of miles away, refuel in flight,
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  Speaker 7: and do a lot of damage. But having another carrier
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  Speaker 7: in the area certainly would help.
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  Speaker 6: Daniel, thank you so much for your time. Really appreciate it.
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  Speaker 2: Daniel Bimen, director of Warfare, Irregular Threats, and Terrorism Program
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  Speaker 2: at the Center for Strategic and International Studies, laying out
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  Speaker 2: the options for the US as we heard from President
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  Speaker 2: Trump earlier today on the South Lawn, as you said,
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  Speaker 2: as you quoted him, he's had it, so I'm not
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  Speaker 2: sure what that means, but it feels like a decision
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  Speaker 2: will be coming from the US side, maybe sooner on
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  Speaker 2: than later.
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  Speaker 1: You're listening to the Bloomberg Intelligence podcast. Catch US Live
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• 11:52
  Speaker 5: Something is confirmed when it comes to nip On Steel
• 11:55
  Speaker 5: and US Steel. I'm still trying to understand if it's
• 11:57
  Speaker 5: a takeover, if it's a partnership, if it's a golden relationship.
• 12:01
  Speaker 5: I really couldn't tell you. But you know who Ken
• 12:03
  Speaker 5: Jod He's an economic estate craft reporter. He's also covered
• 12:06
  Speaker 5: the steel industry for many many years.
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  Speaker 4: Joe, what kind of.
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  Speaker 5: Deal is this?
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  Speaker 8: Well, I mean, this is a takeover takeover. So the
• 12:17
  Speaker 8: decks just hit and I had a chance to look
• 12:19
  Speaker 8: through them right before I got here. It's a fourteen
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  Speaker 8: point one billion dollar deal, which is what was agreed
• 12:24
  Speaker 8: to in December of twenty twenty three, and an additional
• 12:27
  Speaker 8: eleven billion dollars in investments across the footprint of US Steel.
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  Speaker 8: Now here's the key thing. There's a golden share, and
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  Speaker 8: what is now confirmed that I think is could be
• 12:39
  Speaker 8: considered by some troubling but also a hurdle for many
• 12:43
  Speaker 8: who are steel who are investors in nip On Steel.
• 12:46
  Speaker 8: The Golden share gives the President of the United States
• 12:49
  Speaker 8: in perpetuity decision making abilities over a number of company
• 12:54
  Speaker 8: specific decisions that every company on planet Earth has to
• 12:57
  Speaker 8: make over periods of time, capital investments, decisions to layoff workers,
• 13:03
  Speaker 8: decisions to cut capacity, and then there's some basic ones
• 13:07
  Speaker 8: like a decision whether or not they want to move
• 13:09
  Speaker 8: the headquarters and change the name.
• 13:10
  Speaker 2: I've never heard of a golden share type of mechanism.
• 13:14
  Speaker 6: Have they been used? Has this been used before?
• 13:16
  Speaker 8: Golden shares are not unusual outside of the United States.
• 13:19
  Speaker 8: We see this in Europe, we do see this across Asia,
• 13:23
  Speaker 8: but the United States takes a bit of pride in
• 13:25
  Speaker 8: the fact that it doesn't do golden shares.
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  Speaker 6: Now.
• 13:28
  Speaker 8: Initially, Josh wing Grove and I are one of our
• 13:30
  Speaker 8: White House reporters had been reporting in this golden share,
• 13:32
  Speaker 8: and the initial reporting we was getting we were getting
• 13:34
  Speaker 8: was that, well, the golden share isn't exactly a golden share,
• 13:37
  Speaker 8: it's more just some veto powers, but what has become
• 13:41
  Speaker 8: clear is the Golden share gives specific power to the
• 13:46
  Speaker 8: President of the United States. There's all sorts of questions
• 13:50
  Speaker 8: that I have there that I don't know if we
• 13:51
  Speaker 8: can get into right now, but I do think these
• 13:54
  Speaker 8: are the questions that investors in Nippon Steel are going
• 13:57
  Speaker 8: to have to be asking themselves.
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  Speaker 5: Okay, here's the dumb one. Why did Nipon Steel go
• 14:02
  Speaker 5: for this? Like why spend fourteen billion dollars to have
• 14:05
  Speaker 5: your investment in the US run by the President of
• 14:07
  Speaker 5: the United States.
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  Speaker 8: I think it shows how much Nipon Steel needed this expansion.
• 14:14
  Speaker 8: The question the idea was if Nippon Steel didn't close
• 14:17
  Speaker 8: the US Steel deal, they would have to pivot. And
• 14:19
  Speaker 8: the pivot discussions among investors and analysts who've covered this
• 14:22
  Speaker 8: company four years said, well, maybe they're going to build
• 14:26
  Speaker 8: out more steel capacity in India. India is actually their
• 14:30
  Speaker 8: biggest footprint in terms of production, not Japan. But it
• 14:33
  Speaker 8: still left them without a foothold in the United States
• 14:37
  Speaker 8: and North America. And mind you, that is arguably the
• 14:41
  Speaker 8: most important steel market in the world. The automotive market
• 14:45
  Speaker 8: in the United States is unbelievably important for steel makers.
• 14:49
  Speaker 8: It is a crown jewel. If you are Arsener Middle,
• 14:52
  Speaker 8: if you are any Chinese company, you wish you could
• 14:55
  Speaker 8: be selling steel into the automotive industry. The margins on
• 15:00
  Speaker 8: that steal are incredible and the customers are solid gold.
• 15:04
  Speaker 8: You know that they're going to be taking shipments year
• 15:06
  Speaker 8: in and year out. The deals that they make with
• 15:08
  Speaker 8: these guys are three year contracts. It's not just at
• 15:11
  Speaker 8: hoc So Nippon Steel. Now, they spent a lot, they
• 15:16
  Speaker 8: put a lot into it, but I think it said
• 15:18
  Speaker 8: how much the executives at Nippon Steel believed that the
• 15:21
  Speaker 8: future of Nippon Steele relied on getting this deal. Wow?
• 15:26
  Speaker 6: Was this deal subject to shareholder approval?
• 15:29
  Speaker 4: Yeah?
• 15:29
  Speaker 8: Absolutely so the shareholders. Sorry, the merger agreement was signed
• 15:35
  Speaker 8: and agreed to back in April of twenty twenty four
• 15:39
  Speaker 8: by all the shareholders. The national security agreement that was
• 15:43
  Speaker 8: signed with the eleven billion dollar investment before twenty twenty
• 15:46
  Speaker 8: eight was not subject to that same shareholder So this
• 15:51
  Speaker 8: golden golden share did not come up for shareholder vote, right,
• 15:57
  Speaker 8: not a direct vote. Interesting and there's a lot to
• 16:01
  Speaker 8: unpack around that. I mean, to some this deal's done.
• 16:04
  Speaker 8: The arms are probably going to be celebrating having a
• 16:06
  Speaker 8: few beers or enjoying their wife and kids for the
• 16:08
  Speaker 8: first time in a year and a half. But for
• 16:11
  Speaker 8: those of us who are in the steel market and
• 16:13
  Speaker 8: follow the steel market, it is going to be interesting
• 16:17
  Speaker 8: how the landscape morphs around all of these decisions.
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  Speaker 5: Right, So, what is the biggest thing then that you're
• 16:23
  Speaker 5: watching for the trickle down of this kind of deal.
• 16:27
  Speaker 8: I want to see how Nippon Steel jumps into the market.
• 16:30
  Speaker 8: Are they going to start selling at below market prices
• 16:34
  Speaker 8: to gain market share? There is an argument to be
• 16:37
  Speaker 8: made that the doubling of steel tras that we saw
• 16:40
  Speaker 8: President of the United States announce in Pittsburgh three weeks
• 16:43
  Speaker 8: ago when he announced the deal, is actually because the
• 16:46
  Speaker 8: administration understands that by Nippon Steel getting this deal closed,
• 16:51
  Speaker 8: they are a formidable opponent to New Core Corporation, which
• 16:54
  Speaker 8: is the largest US steelmaker, and Steel Dynamics and cliffs.
• 16:59
  Speaker 8: But that also means you're bringing in a very viable
• 17:03
  Speaker 8: opponent who can continue to produce and increase their production
• 17:07
  Speaker 8: in their capacity that would hurt prices technically by putting
• 17:11
  Speaker 8: in a higher tariff.
• 17:12
  Speaker 6: This fifty percent tariff.
• 17:14
  Speaker 8: You are on some level closing out most foreign imports,
• 17:18
  Speaker 8: and therefore you're putting a floor on prices. That will
• 17:21
  Speaker 8: be interesting to see how it plays out. We're already
• 17:24
  Speaker 8: in a tough situation in the steel market right now.
• 17:26
  Speaker 8: It's a cyclical moment. Obviously, the entire trade tariff situation
• 17:30
  Speaker 8: going on is problematic, even in the steel industry. I
• 17:34
  Speaker 8: think that's the first thing we're really going to have
• 17:36
  Speaker 8: to focus on, all right, Joe, thanks so much, appreciated,
• 17:39
  Speaker 8: Jodee Bloomberg Metals and.
• 17:40
  Speaker 5: Mining economic Stakecraft, reporter Economic Stakcraft. It's a totally new
• 17:45
  Speaker 5: section within Bloomberg talk about metals and mining and all
• 17:49
  Speaker 5: the risks that come with it, the economics with it exactly.
• 17:52
  Speaker 1: You're listening to the Bloomberg Intelligence Podcast. Catch us live
• 17:56
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• 17:59
  Speaker 1: Oti with the Blue Work Business app, Listen on demand
• 18:02
  Speaker 1: wherever you get your podcasts, or watch us live on YouTube.
• 18:06
  Speaker 5: June is Pride Month, So over the next couple weeks
• 18:09
  Speaker 5: we're going to highlight segments that on topics related to
• 18:12
  Speaker 5: a quality and today we decided to speak to Kevin Tilsey,
• 18:14
  Speaker 5: a founder and CEO of GEO Academies. The organization's focused
• 18:19
  Speaker 5: on helping to break the cycle of poverty through access
• 18:22
  Speaker 5: to education. Super pressing topic right now. Hey, Kevin, can
• 18:25
  Speaker 5: you walk us through specifically what your company does?
• 18:29
  Speaker 9: Okay, thanks for having me. GEO stands for Greater Education
• 18:33
  Speaker 9: Opportunities Foundation, and what we do is we we're a
• 18:37
  Speaker 9: nonprofit and we support and manage and start public open
• 18:42
  Speaker 9: enrollment charter schools in the country. We're in Louisiana and
• 18:47
  Speaker 9: Indiana right now and headed to Ohio.
• 18:50
  Speaker 2: Give us a talk to us about our Describe one
• 18:52
  Speaker 2: of your schools, like what grade levels and kind of
• 18:55
  Speaker 2: what's the focus.
• 18:57
  Speaker 9: What we're most known for, first of all, kindergarten through
• 19:00
  Speaker 9: twelfth grade. But we take a very business like approach
• 19:05
  Speaker 9: to what we do in the sense that we believe
• 19:08
  Speaker 9: in spending the money most effectively and efficiently for each
• 19:11
  Speaker 9: student's needs. And there's nothing in the law anywhere in
• 19:14
  Speaker 9: the country that says all you can get with K
• 19:16
  Speaker 9: twelve dollars is a K twelve education. So we're best
• 19:19
  Speaker 9: known for students graduating from our high school with a
• 19:22
  Speaker 9: full associate degree. That's two years of college. That's already
• 19:25
  Speaker 9: paid for by us, earned by them. We're also, i believe,
• 19:31
  Speaker 9: the only network in the country where students have actually
• 19:34
  Speaker 9: graduated having earned a full bachelor's degree before graduating from
• 19:39
  Speaker 9: high school.
• 19:40
  Speaker 5: How does school choice benefit the US workforce and how
• 19:43
  Speaker 5: does that align to the DOE.
• 19:46
  Speaker 9: Well, I think we're completely aligned with the current US
• 19:49
  Speaker 9: Department of Education's goals of preparing students for success, to
• 19:55
  Speaker 9: be successful citizens in the community. When I use the
• 20:01
  Speaker 9: term college, that's a universal umbrella name that I put
• 20:06
  Speaker 9: for both college and career. And what we're trying to
• 20:09
  Speaker 9: do is get our students to graduate not only from
• 20:13
  Speaker 9: high school and not just to go to college, but
• 20:16
  Speaker 9: to complete college. And to say that we have a
• 20:20
  Speaker 9: problem in the United States is a bit of an
• 20:22
  Speaker 9: understatement when it comes to college completion, and it's not
• 20:26
  Speaker 9: necessarily because of lack of money. The US Department of
• 20:32
  Speaker 9: Education's biggest job is to loan money for kids to
• 20:36
  Speaker 9: go to college, so they do student loans. You've probably
• 20:40
  Speaker 9: been following the student loan forgiveness program under the previous administration.
• 20:46
  Speaker 9: The reality is the US Department of Education and frankly,
• 20:50
  Speaker 9: all the states across the country have either pel grants
• 20:54
  Speaker 9: or loans or college scholarship programs, in most they're a failure.
• 21:02
  Speaker 9: We have students borrowing money or getting money who have
• 21:06
  Speaker 9: absolutely no college experience whatsoever. And so does that make
• 21:12
  Speaker 9: any sense. If you're an employer and you're hiring somebody
• 21:16
  Speaker 9: to come take a job, the very first thing and
• 21:19
  Speaker 9: employers going to ask is what's your experience? But when
• 21:22
  Speaker 9: it comes to college loans or grants, PELL grants, FASPA,
• 21:28
  Speaker 9: which you've probably heard of, the Federal Student Loan program,
• 21:31
  Speaker 9: even in state grant programs, there's no question on there
• 21:34
  Speaker 9: that asks what's your college experience? And you may say, well, well,
• 21:38
  Speaker 9: these are high school kids, why should they have college experience? Well,
• 21:41
  Speaker 9: many schools across the country are doing dual credit and
• 21:45
  Speaker 9: dual enrollment now. So if you know that you're going
• 21:49
  Speaker 9: to need a grant or a loan by the time
• 21:51
  Speaker 9: you graduate from high school, maybe you ought to be
• 21:54
  Speaker 9: getting some of that college experience while you're in high school.
• 21:57
  Speaker 9: And then the loan and grant folks or the officers
• 22:01
  Speaker 9: that are reviewing the opportunity, they would have a question
• 22:05
  Speaker 9: there that says, do you have any college experience?
• 22:07
  Speaker 7: Right?
• 22:08
  Speaker 9: How did you do so? That when they're borrowing that money,
• 22:11
  Speaker 9: the borrower knows what they're getting into. Makes sense to.
• 22:14
  Speaker 2: Me, Kevin, what's the economic model for geo academies?
• 22:19
  Speaker 9: We try not to rely on philanthropy. We focus one
• 22:23
  Speaker 9: hundred percent on using the public tax dollar, the federal
• 22:27
  Speaker 9: and local and state dollars at every traditional public school gets,
• 22:32
  Speaker 9: and we just try to get as much education as
• 22:34
  Speaker 9: possible for each of our students. We do need philanthropy
• 22:38
  Speaker 9: to start the school, but after we get it up
• 22:42
  Speaker 9: and running, we are self sustaining.
• 22:45
  Speaker 5: Really great stuff. Good luck, really appreciate it. What actually
• 22:49
  Speaker 5: is your biggest hurdle right now before we let you go.
• 22:53
  Speaker 9: I think the biggest hurdle is getting adults to understand
• 22:56
  Speaker 9: that when we get kids that graduate with an associate
• 22:59
  Speaker 9: degree or bachelor's degree, that that is a great start
• 23:03
  Speaker 9: to their career and their lives and it benefits all
• 23:07
  Speaker 9: of us. Believe it or not, there's some adults out
• 23:09
  Speaker 9: there that think kids in high school should enjoy high school. Well,
• 23:15
  Speaker 9: in many cases that's okay, But in the student population
• 23:19
  Speaker 9: that I'm serving, which is Gary, Indiana, Indianapolis, and Baton Rouge,
• 23:23
  Speaker 9: very low in community, low income communities, These kids are
• 23:27
  Speaker 9: ready to rock and get going. They don't have time
• 23:31
  Speaker 9: to sit around and enjoy the traditional high school. They
• 23:34
  Speaker 9: want to get busy with their life.
• 23:35
  Speaker 6: They want to get.
• 23:36
  Speaker 9: Moving and earning an income and you know, being successful.
• 23:41
  Speaker 5: All right, really great story. Thank you so much, Kevin Telsey.
• 23:44
  Speaker 5: We wish you all the luck for that in all
• 23:47
  Speaker 5: your endeavors. He is the founder and CEO Geo Academics.
• 23:52
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