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>>> GOOD EVENING AND THANKS FOR JOINING US.
JOINING US. I'M MARIA PARRA, EDITORIAL PAGE
I'M MARIA PARRA, EDITORIAL PAGE EDITOR FOR "THE ARIZONA DAILY
EDITOR FOR "THE ARIZONA DAILY STAR."
STAR." TONIGHT ON AZ ILLUSTRATED METRO
TONIGHT ON AZ ILLUSTRATED METRO WE'LL MEET A YOUNG UNDOCUMENTED
WE'LL MEET A YOUNG UNDOCUMENTED IMMIGRANT IN THE UNITED STATES.
IMMIGRANT IN THE UNITED STATES. HE IS UNUSUAL AMONG HIS PEERS
HE IS UNUSUAL AMONG HIS PEERS BECAUSE HE'S NOT FROM A LATIN
BECAUSE HE'S NOT FROM A LATIN AMERICAN COUNTRY.
AMERICAN COUNTRY. THEN WE'LL CHECK IN ON A PLAN TO
THEN WE'LL CHECK IN ON A PLAN TO END VETERANS' HOMELESSNESS IN
END VETERANS' HOMELESSNESS IN THE CITY OF TUCSON.
THE CITY OF TUCSON. WE'LL ALSO MEET THE NEW DIRECTOR
WE'LL ALSO MEET THE NEW DIRECTOR OF THE PIMA ASSOCIATION OF
OF THE PIMA ASSOCIATION OF GOVERNMENTS AND THE REGIONAL
GOVERNMENTS AND THE REGIONAL TRANSPORTATION AUTHORITY.
TRANSPORTATION AUTHORITY. FINALLY, WE'LL CHECK IN WITH A
FINALLY, WE'LL CHECK IN WITH A NATIONAL INVESTMENT STRATEGIST
NATIONAL INVESTMENT STRATEGIST ABOUT THE STOCK MARKET, BUT
ABOUT THE STOCK MARKET, BUT FIRST, A LOOK AT TODAY'S TOP
FIRST, A LOOK AT TODAY'S TOP STORIES.
STORIES. >> THE U.S. ENVIRONMENTAL
>> THE U.S. ENVIRONMENTAL PROTECTION AGENCY IS
PROTECTION AGENCY IS RECOMMENDING AGAINST THE
RECOMMENDING AGAINST THE ISSUANCE OF A WATER PERMIT FOR
ISSUANCE OF A WATER PERMIT FOR THE PROPOSED ROSE MONTT
THE PROPOSED ROSE MONTT COMPROMISE SOUTH OF TUCSON.
COMPROMISE SOUTH OF TUCSON. THE EPA'S REGIONAL WATER
THE EPA'S REGIONAL WATER DIVISION DIRECTOR SAYS IN IN A
DIVISION DIRECTOR SAYS IN IN A LETTER TO THE ARMY CORPS OF
LETTER TO THE ARMY CORPS OF ENGINEERS THAT THE MINING
ENGINEERS THAT THE MINING ACTIVITY WOULD BE, QUOTE,
ACTIVITY WOULD BE, QUOTE, INSUFFICIENT TO AVOID
INSUFFICIENT TO AVOID DEGRADATION OF THE AQUATIC
DEGRADATION OF THE AQUATIC ECOSYSTEM.
ECOSYSTEM. END QUOTE.
END QUOTE. ROSE MONTT HAS PROPOSED AN OPEN
ROSE MONTT HAS PROPOSED AN OPEN PIT MINE IN THE SANTA RITA
PIT MINE IN THE SANTA RITA MOUNTAINS.
MOUNTAINS. THE OPERATION WOULD CREATE 2900
THE OPERATION WOULD CREATE 2900 JOBS AND INJECT $19 BILLION INTO
JOBS AND INJECT $19 BILLION INTO THE STATE'S ECONOMY.
THE STATE'S ECONOMY. CONGRESSMAN RON BARBER ISSUED A
CONGRESSMAN RON BARBER ISSUED A TWO-LINE STATEMENT ABOUT HIS
TWO-LINE STATEMENT ABOUT HIS POLITICAL FUTURE THIS MORNING
POLITICAL FUTURE THIS MORNING SAYING AT THE END OF IT, QUOTE,
SAYING AT THE END OF IT, QUOTE, THERE WILL BE PLENTY OF TIME
THERE WILL BE PLENTY OF TIME NEXT YEAR TO TALK ABOUT THE
NEXT YEAR TO TALK ABOUT THE CAMPAIGN, BUT LET ME BE CLEAR.
CAMPAIGN, BUT LET ME BE CLEAR. I WILL BE RUNNING AND AM PUTTING
I WILL BE RUNNING AND AM PUTTING EVERYTHING IN PLACE TO WIN.
EVERYTHING IN PLACE TO WIN. FOR MONTHS BARBER SAID HE HAD TO
FOR MONTHS BARBER SAID HE HAD TO TALK TO HIS FAMILY BEFORIC MAING
TALK TO HIS FAMILY BEFORIC MAING A DECISION, BUT HIS CAMPAIGN
A DECISION, BUT HIS CAMPAIGN FUND-RAISING MACHINE HAS BEEN IN
FUND-RAISING MACHINE HAS BEEN IN FULL GEAR WITH FREQUENT EMAIL
FULL GEAR WITH FREQUENT EMAIL SOLICITATIONS AND VISITS FROM
SOLICITATIONS AND VISITS FROM OTHER MEMBERS OF CONGRESS FOR
OTHER MEMBERS OF CONGRESS FOR PRIVATE EVENTS.
PRIVATE EVENTS. THREE REPUBLICANS ARE VYING FOR
THREE REPUBLICANS ARE VYING FOR THEIR PARTY'S NOMINATIONS IN
THEIR PARTY'S NOMINATIONS IN HOPES OF UNSEATING BARBER IN THE
HOPES OF UNSEATING BARBER IN THE FALL AND THAT'S A LOOK AT
FALL AND THAT'S A LOOK AT TONIGHT'S HEADLINES.
TONIGHT'S HEADLINES. ¶
¶ ¶
¶ >>> SOME LAWMAKERS IN
>>> SOME LAWMAKERS IN WASHINGTON, D.C., CONTINUE TO
WASHINGTON, D.C., CONTINUE TO PUSH FOR IMMIGRATION REFORM AND
PUSH FOR IMMIGRATION REFORM AND BORDER SECURITY.
BORDER SECURITY. AT THE SAME TIME, ACTIVISTS
AT THE SAME TIME, ACTIVISTS ACROSS THE COUNTRY ARE DEMANDING
ACROSS THE COUNTRY ARE DEMANDING A PATH TO CITIZENSHIP FOR YOUNG
A PATH TO CITIZENSHIP FOR YOUNG PEOPLE BROUGHT TO THE U.S. AS
PEOPLE BROUGHT TO THE U.S. AS CHILDREN.
CHILDREN. MANY OF THEM CALL THEMSELVES
MANY OF THEM CALL THEMSELVES DREAMERS REFERRING TO THE DREAM
DREAMERS REFERRING TO THE DREAM ACT, A STALLED PROPOSAL TO
ACT, A STALLED PROPOSAL TO LEGALIZE UNDOCUMENTED STUDENTS.
LEGALIZE UNDOCUMENTED STUDENTS. MOST OF THE CONVERSATION
MOST OF THE CONVERSATION SURROUNDING THIS TOPIC RELATES
SURROUNDING THIS TOPIC RELATES TO UNDOCUMENTED PEOPLE FROM
TO UNDOCUMENTED PEOPLE FROM MEXICO, BUT THE ISSUE ALSO
MEXICO, BUT THE ISSUE ALSO AFFECTS IMMIGRANTS FROM
AFFECTS IMMIGRANTS FROM COUNTRIES ON THE OTHER SIDE OF
COUNTRIES ON THE OTHER SIDE OF THE WORLD.
THE WORLD. MOHAMMED ABDULAHI ORIGINALLY
MOHAMMED ABDULAHI ORIGINALLY FROM IRAN WORKS FOR THE NATIONAL
FROM IRAN WORKS FOR THE NATIONAL YOUTH IMMIGRANT ALLIANCE.
YOUTH IMMIGRANT ALLIANCE. THE SOCIAL MEDIA HUB ADVOCATES
THE SOCIAL MEDIA HUB ADVOCATES FOR LEGALIZATION OF YOUNG
FOR LEGALIZATION OF YOUNG STUDENTS.
STUDENTS. ANDREA KELLY SPOKE WITH HIM AS
ANDREA KELLY SPOKE WITH HIM AS HE WORKED WITH UNDOCUMENTED
HE WORKED WITH UNDOCUMENTED IMMIGRANTS FROM MEXICO WHO
IMMIGRANTS FROM MEXICO WHO STAGED A PROTEST AT THE PORT OF
STAGED A PROTEST AT THE PORT OF ENTRY IN NOGALES.
ENTRY IN NOGALES. >> MY NAME IS MOHAMMED ABDULAHI.
>> MY NAME IS MOHAMMED ABDULAHI. I'M FROM IRAN.
I'M FROM IRAN. I LIVE IN MICHIGAN.
I LIVE IN MICHIGAN. I'VE BEEN SEARCHING FOR THE LAST
I'VE BEEN SEARCHING FOR THE LAST YEAR TO FIND ANOTHER
YEAR TO FIND ANOTHER UNDOCUMENTED IRANIAN.
UNDOCUMENTED IRANIAN. I'M STILL LOOKING.
I'M STILL LOOKING. I'M NOT UNIQUE AT ALL IN ANY
I'M NOT UNIQUE AT ALL IN ANY SENSE.
SENSE. I LIVED IN THE U.S. SINCE I WAS
I LIVED IN THE U.S. SINCE I WAS 3 YEARS OLD AND MY PARENTS CAME
3 YEARS OLD AND MY PARENTS CAME HERE ON A VISA AND I'VE PRETTY
HERE ON A VISA AND I'VE PRETTY MUCH GROWN UP HERE.
MUCH GROWN UP HERE. MY FAMILY CAME HERE TO GO TO
MY FAMILY CAME HERE TO GO TO SCHOOL, LIKE EVERYONE ELSE,
SCHOOL, LIKE EVERYONE ELSE, SEARCHING FOR A BETTER LIFE AND
SEARCHING FOR A BETTER LIFE AND AFTER MY DAD GRADUATED HE FILED
AFTER MY DAD GRADUATED HE FILED FOR A CHANGE OF STATUS, BUT
FOR A CHANGE OF STATUS, BUT UNFORTUNATELY, WE WERE NEVER
UNFORTUNATELY, WE WERE NEVER ABLE TO FIX OUR STATUS BECAUSE
ABLE TO FIX OUR STATUS BECAUSE THE YEAR BEFORE THE FILING FEES
THE YEAR BEFORE THE FILING FEES HAD CHANGED FOR THE APPLICATION
HAD CHANGED FOR THE APPLICATION HE WAS FILING FOR AND IT WAS
HE WAS FILING FOR AND IT WAS REJECTED BECAUSE IT WAS OFF BY
REJECTED BECAUSE IT WAS OFF BY $20.
$20. BECAUSE OF THAT I BECAME
BECAUSE OF THAT I BECAME UNDOCUMENTED AND I HAVEN'T BEEN
UNDOCUMENTED AND I HAVEN'T BEEN ABLE TO FIX MY STATUS AND THE
ABLE TO FIX MY STATUS AND THE ONLY WAY I CAN CAN FIX MY STATUS
ONLY WAY I CAN CAN FIX MY STATUS IS BECAUSE OF THE DREAM ACT OR
IS BECAUSE OF THE DREAM ACT OR IMMIGRATION REFORM SO I CAN
IMMIGRATION REFORM SO I CAN LEGALIZE MY STATUS AND DO THINGS
LEGALIZE MY STATUS AND DO THINGS THE RIGHT WAY.
THE RIGHT WAY. >> I HAVEN'T REALLY YET APPLIED.
>> I HAVEN'T REALLY YET APPLIED. IT'S JUST FOR, YOU KNOW, I HAVE
IT'S JUST FOR, YOU KNOW, I HAVE TO SAVE UP $465 AND I HAVE OTHER
TO SAVE UP $465 AND I HAVE OTHER PRIORITIES RIGHT NOW, AND SO THE
PRIORITIES RIGHT NOW, AND SO THE ORGANIZATION THAT I WORK WITH
ORGANIZATION THAT I WORK WITH THE NATIONAL IMMIGRANT YOUTH
THE NATIONAL IMMIGRANT YOUTH ALLIANCE, A LOT OF US BELIEVE WE
ALLIANCE, A LOT OF US BELIEVE WE HAVEN'T DONE ANYTHING WRONG AND
HAVEN'T DONE ANYTHING WRONG AND PLACED IN DEPORTATION
PLACED IN DEPORTATION PROCEEDINGS.
PROCEEDINGS. THERE ARE LOTS OF PEOPLE FROM
THERE ARE LOTS OF PEOPLE FROM LOTS OF DIFFERENT COUNTRIES.
LOTS OF DIFFERENT COUNTRIES. I KNOW ONE IN FOUR KOREANS ARE
I KNOW ONE IN FOUR KOREANS ARE UNDOCUMENTED SO THERE ARE A LOT
UNDOCUMENTED SO THERE ARE A LOT OF KOREAN ORGANIZATIONS IN
OF KOREAN ORGANIZATIONS IN CALIFORNIA, CHICAGO AND NEW YORK
CALIFORNIA, CHICAGO AND NEW YORK THAT WORK WITH UNDOCUMENTED
THAT WORK WITH UNDOCUMENTED KOREANS AND A LOT OF
KOREANS AND A LOT OF UNDOCUMENTED FOLKS FROM ALL
UNDOCUMENTED FOLKS FROM ALL WALKS OF LIFE, REALLY.
WALKS OF LIFE, REALLY. WHAT IS UNIQUE IN MY SITUATION
WHAT IS UNIQUE IN MY SITUATION IS THERE ARE A LOT OF FOLKS THAT
IS THERE ARE A LOT OF FOLKS THAT ARE FROM THE MIDDLE EAST AND
ARE FROM THE MIDDLE EAST AND THOSE COUNTRIES AND AFRICA THAT
THOSE COUNTRIES AND AFRICA THAT ARE UNDOCUMENTED AND IT'S A
ARE UNDOCUMENTED AND IT'S A SHAMEFUL THING TO COME OUT.
SHAMEFUL THING TO COME OUT. EVEN TO THIS DAY, MY PARENTS ARE
EVEN TO THIS DAY, MY PARENTS ARE NOT SUPPORTIVE OF ME ORGANIZING
NOT SUPPORTIVE OF ME ORGANIZING BECAUSE THEY SEE IT AS A
BECAUSE THEY SEE IT AS A SHAMEFUL THING THAT YOU
SHAMEFUL THING THAT YOU SHOULDN'T TALK ABOUT UNTIL YOU
SHOULDN'T TALK ABOUT UNTIL YOU FIX YOUR STATUS.
FIX YOUR STATUS. THAT IS VERY UNIQUE ABOUT MY
THAT IS VERY UNIQUE ABOUT MY SITUATION.
SITUATION. I KNOW THERE ARE OTHER
I KNOW THERE ARE OTHER UNDOCUMENTED KIDS LIKE MYSELF
UNDOCUMENTED KIDS LIKE MYSELF WHO ARE FROM AN UNDOCUMENTED
WHO ARE FROM AN UNDOCUMENTED CULTURE, AND I THINK IT OPENS
CULTURE, AND I THINK IT OPENS THE DOOR FOR FOLKS TO UNDERSTAND
THE DOOR FOR FOLKS TO UNDERSTAND IT'S NOT JUST A MEXICAN PROBLEM
IT'S NOT JUST A MEXICAN PROBLEM AND NOT JUST A LATINO PROBLEM.
AND NOT JUST A LATINO PROBLEM. >> TUCSON MAYOR JONATHAN ROTH
>> TUCSON MAYOR JONATHAN ROTH CHILD TOOK ON TO END HOME
CHILD TOOK ON TO END HOME LITTLENESS IN THE CITY BY 2015.
LITTLENESS IN THE CITY BY 2015. HE'S ENLISTED A NUMBER OF
HE'S ENLISTED A NUMBER OF ORGANIZATIONS TO HELP AND HE
ORGANIZATIONS TO HELP AND HE JOINS ME IN THE STUDIO NOW TO
JOINS ME IN THE STUDIO NOW TO GIVE US AN UPDATE ON THE
GIVE US AN UPDATE ON THE PROGRESS.
PROGRESS. MAYOR ROTHSCHILD THANKS SO MUCH
MAYOR ROTHSCHILD THANKS SO MUCH FOR BEING HERE.
FOR BEING HERE. >> THANKS FOR HAVING ME.
>> THANKS FOR HAVING ME. >> YOU AGREED A FEW MONTHS AGO
>> YOU AGREED A FEW MONTHS AGO TO BE ONE OF 25 CITIES IN THE
TO BE ONE OF 25 CITIES IN THE COUNTRY TO TAKE ON THIS ISSUE.
COUNTRY TO TAKE ON THIS ISSUE. CAN YOU GIVE US SOME HISTORY OF
CAN YOU GIVE US SOME HISTORY OF HOW WE GOT HERE AND JUST WHAT
HOW WE GOT HERE AND JUST WHAT TAKING IT ON MEANS?
TAKING IT ON MEANS? >> WELL, THE WAY WE GOT HERE WAS
>> WELL, THE WAY WE GOT HERE WAS THE PRESIDENT OF THE UNITED
THE PRESIDENT OF THE UNITED STATES ALONG WITH THE HOUSING
STATES ALONG WITH THE HOUSING DEPARTMENT AND THE VETERANS
DEPARTMENT AND THE VETERANS DEPARTMENT CHOSE TUCSON AS ONE
DEPARTMENT CHOSE TUCSON AS ONE OF THE 25 CITIES IN THE UNITED
OF THE 25 CITIES IN THE UNITED STATES TO END VETERANS'
STATES TO END VETERANS' HOMELESSNESS BY DECEMBER 31,
HOMELESSNESS BY DECEMBER 31, 2015, AND I BELIEVE THE WAY WE
2015, AND I BELIEVE THE WAY WE WERE CHOSEN IN TALKING TO PEOPLE
WERE CHOSEN IN TALKING TO PEOPLE IN WASHINGTON IS THEY REALLY SAW
IN WASHINGTON IS THEY REALLY SAW TUCSON AS A COMMUNITY THAT HAD
TUCSON AS A COMMUNITY THAT HAD SOME OF THE INFRASTRUCTURE IN
SOME OF THE INFRASTRUCTURE IN PLACE TO GET THIS DONE, HAD SOME
PLACE TO GET THIS DONE, HAD SOME HISTORY TO GET THIS DONE AND
HISTORY TO GET THIS DONE AND THEY THOUGHT THIS WAS A PLACE
THEY THOUGHT THIS WAS A PLACE WHERE WE COULD BE SUCCESSFUL.
WHERE WE COULD BE SUCCESSFUL. SO IN A SENSE, WE SHOULD BE
SO IN A SENSE, WE SHOULD BE PROUD OF THE FACT THAT WE WERE
PROUD OF THE FACT THAT WE WERE RECOGNIZED JUST IN THAT WAY.
RECOGNIZED JUST IN THAT WAY. ?
? TELL US ABOUT SOME OF THE
TELL US ABOUT SOME OF THE AGENCIES THAT YOU BROUGHT
AGENCIES THAT YOU BROUGHT TOGETHER TO MAKE THIS HAPPEN.
TOGETHER TO MAKE THIS HAPPEN. >> YEAH.
>> YEAH. WHEN WE GOT WORD THAT WE WERE
WHEN WE GOT WORD THAT WE WERE GOING TO BE ONE OF THESE
GOING TO BE ONE OF THESE COMMUNITIES, WHAT I DID WAS I
COMMUNITIES, WHAT I DID WAS I SAID I NEED TO CONTACT ALL OF
SAID I NEED TO CONTACT ALL OF THE AGENCIES, AND ALL OF THE
THE AGENCIES, AND ALL OF THE GROUPS WHO CAN HELP WITH THIS
GROUPS WHO CAN HELP WITH THIS EFFORT, AND ILTELL YOU, MARIA.
EFFORT, AND ILTELL YOU, MARIA. IT'S BEEN ONE OF THE MOST
IT'S BEEN ONE OF THE MOST GRATIFYING MODELS AND SOMETHING
GRATIFYING MODELS AND SOMETHING WE SHOULD EMULATE WHENEVER WE
WE SHOULD EMULATE WHENEVER WE WANT TO DO SOMETHING.
WANT TO DO SOMETHING. WE HAD IMMEDIATELY 18 AGENCIES
WE HAD IMMEDIATELY 18 AGENCIES CONTACT US, AND I'M GOING TO
CONTACT US, AND I'M GOING TO NAME SOME OF THEM AND I WILL
NAME SOME OF THEM AND I WILL FORGET OTHERS.
FORGET OTHERS. >> SURE.
>> SURE. >> BUT GIVE US AN IDEA.
>> BUT GIVE US AN IDEA. >> PRIMA VERA, AMERICAN RED
>> PRIMA VERA, AMERICAN RED CROSS, COMPASS HEALTH, OLD
CROSS, COMPASS HEALTH, OLD PUEBLO COMMUNITY SERVICES.
PUEBLO COMMUNITY SERVICES. MOST IMPORTANT THE VA ITSELF,
MOST IMPORTANT THE VA ITSELF, THE VETERANS ADMINISTRATION AND
THE VETERANS ADMINISTRATION AND IN THE CITY OF TUCSON COMMUNITY
IN THE CITY OF TUCSON COMMUNITY HOUSING DEVELOPMENT DEPARTMENT.
HOUSING DEVELOPMENT DEPARTMENT. >> SO TELL US HOW YOU GO ABOUT
>> SO TELL US HOW YOU GO ABOUT FINDING THE HOMELESS VETERANS.
FINDING THE HOMELESS VETERANS. YOU TALKED ABOUT THESE VARIOUS
YOU TALKED ABOUT THESE VARIOUS AGENCIES AND I'M SURE THEY'RE
AGENCIES AND I'M SURE THEY'RE ALL FEEDING YOU NAME, SO JUST
ALL FEEDING YOU NAME, SO JUST DESCRIBE IT A BIT.
DESCRIBE IT A BIT. >> WHAT WE DID WAS WENT TO THE
>> WHAT WE DID WAS WENT TO THE CITY HOUSING DEPARTMENT AND SAID
CITY HOUSING DEPARTMENT AND SAID LOOK, WE WANT TO PRIORITIZE AND
LOOK, WE WANT TO PRIORITIZE AND SHORTEN THE TIME IT TAKES TO GET
SHORTEN THE TIME IT TAKES TO GET A VETERAN INTO A HOME BECAUSE
A VETERAN INTO A HOME BECAUSE WE'RE TALKING ABOUT HOMELESS
WE'RE TALKING ABOUT HOMELESS FOLKS AND YOU MAY MAKE CONTACT
FOLKS AND YOU MAY MAKE CONTACT WITH THEM, BUT IF YOU DON'T DO
WITH THEM, BUT IF YOU DON'T DO SOMETHING FOR THEM WITHIN TEN
SOMETHING FOR THEM WITHIN TEN DAYS YOU COULD LOSE THEM.
DAYS YOU COULD LOSE THEM. AND SO WE'VE BEEN WORKING WITH
AND SO WE'VE BEEN WORKING WITH THE VA MEETING ON A WEEKLY BASIS
THE VA MEETING ON A WEEKLY BASIS AND GETTING NAMES THEY HAVE AND
AND GETTING NAMES THEY HAVE AND GETTING NAMES FROM THESE OTHER
GETTING NAMES FROM THESE OTHER AGENCIES IN THE COMMUNITY AND
AGENCIES IN THE COMMUNITY AND LITERALLY, WE HAVE IN THESE
LITERALLY, WE HAVE IN THESE AGENCIES PEOPLE GOING OUT INTO
AGENCIES PEOPLE GOING OUT INTO THE DESERT.
THE DESERT. WE HAVE PEOPLE WALKING THE
WE HAVE PEOPLE WALKING THE DOWNTOWN STREETS.
DOWNTOWN STREETS. WE HAVE CONTACT WITH OUR POLICE
WE HAVE CONTACT WITH OUR POLICE AND FIRE DEPARTMENT AND TRYING
AND FIRE DEPARTMENT AND TRYING TO IDENTIFY THESE FOLKS AND THEN
TO IDENTIFY THESE FOLKS AND THEN GETTING THEM INTO SERVICES AS
GETTING THEM INTO SERVICES AS QUICKLY AS POSSIBLE.
QUICKLY AS POSSIBLE. >> SO THERE'S A VOUCHER PROGRAM
>> SO THERE'S A VOUCHER PROGRAM AND THAT COMES THROUGH THE
AND THAT COMES THROUGH THE FEDERAL GOVERNMENT.
FEDERAL GOVERNMENT. HOW DOES THAT WORK FOR THE
HOW DOES THAT WORK FOR THE VETERANS?
VETERANS? >> IT'S CALLED A VASH, AND IT'S
>> IT'S CALLED A VASH, AND IT'S CALLED VETERANS ADMINISTRATION
CALLED VETERANS ADMINISTRATION SUPPLEMENTAL HOUSING.
SUPPLEMENTAL HOUSING. THE CITY OF TUCSON HAD SOME
THE CITY OF TUCSON HAD SOME VASHES BEFORE AND WE PROBABLY
VASHES BEFORE AND WE PROBABLY HAD 57 THAT WE HADN'T USED AND
HAD 57 THAT WE HADN'T USED AND SO WE HAD A LITTLE BIT OF
SO WE HAD A LITTLE BIT OF RESERVE AND IN THIS PROGRAM WE
RESERVE AND IN THIS PROGRAM WE WERE AWARDED AN ADDITIONAL 75.
WERE AWARDED AN ADDITIONAL 75. SO WE HAVE THOSE VASHES
SO WE HAVE THOSE VASHES AVAILABLE TO GET PEOPLE INTO THE
AVAILABLE TO GET PEOPLE INTO THE HOME.
HOME. SO WHAT HAPPENS IS WE IDENTIFY A
SO WHAT HAPPENS IS WE IDENTIFY A VET.
VET. WE AT THE CITY KNOW WHO WILL
WE AT THE CITY KNOW WHO WILL ACCEPT THESE VASHES AND WE TRY
ACCEPT THESE VASHES AND WE TRY TO MATCH THE FOLKS UP INTO AN
TO MATCH THE FOLKS UP INTO AN APARTMENT AS SOON AS WE CAN.
APARTMENT AS SOON AS WE CAN. >> HOW LONG DO THESE LAST?
>> HOW LONG DO THESE LAST? THESE VOUCHERS?
THESE VOUCHERS? >> ONCE YOU HAVE THE VOUCHERS
>> ONCE YOU HAVE THE VOUCHERS YOU HAVE THEM, SO, BUT I CAN
YOU HAVE THEM, SO, BUT I CAN TELL YOU THERE'S FAR MORE THAN
TELL YOU THERE'S FAR MORE THAN 150 FOLKS THAT WE'RE GOING TO
150 FOLKS THAT WE'RE GOING TO NEED TO HOUSE AND SO WE ARE
NEED TO HOUSE AND SO WE ARE GOING TO HAVE TO HOPE FOR AND
GOING TO HAVE TO HOPE FOR AND RELY ON REAUTHORIZATIONS EACH
RELY ON REAUTHORIZATIONS EACH YEAR.
YEAR. THERE ARE OTHER WAYS TO DO IT,
THERE ARE OTHER WAYS TO DO IT, BUT THIS IS A SHORT CUT WAY TO
BUT THIS IS A SHORT CUT WAY TO GET PEOPLE INTO THE HOME.
GET PEOPLE INTO THE HOME. SO IF WE CONTINUE TO BE
SO IF WE CONTINUE TO BE SUCCESSFUL WE SHOULD BE ABLE TO
SUCCESSFUL WE SHOULD BE ABLE TO GET OUR REAUTHORIZATION OF
GET OUR REAUTHORIZATION OF ADDITIONAL VASH VOUCHERS.
ADDITIONAL VASH VOUCHERS. >> I ASSUME THERE'S A BROADER
>> I ASSUME THERE'S A BROADER STRATEGY IN DEALING WITH
STRATEGY IN DEALING WITH HOMELESS VETS THAN FINDING A
HOMELESS VETS THAN FINDING A HOME.
HOME. CERTAINLY, THAT'S A KEY PLACE TO
CERTAINLY, THAT'S A KEY PLACE TO START, BUT WHAT OTHER THINGS ARE
START, BUT WHAT OTHER THINGS ARE YOU DOING TO MAKE SURE THAT
YOU DOING TO MAKE SURE THAT THEY'RE SUCCESSFUL?
THEY'RE SUCCESSFUL? THERE ARE SEVERAL PROGRAMS FOR
THERE ARE SEVERAL PROGRAMS FOR DOING THIS.
DOING THIS. THIS IS A HOUSING FIRST PROGRAM
THIS IS A HOUSING FIRST PROGRAM THAT UNLESS YOU HAVE THE
THAT UNLESS YOU HAVE THE WRAPAROUND SERVICES FOR THE VET,
WRAPAROUND SERVICES FOR THE VET, YOU'RE -- YOU PROBABLY WON'T BE
YOU'RE -- YOU PROBABLY WON'T BE SUCCESSFUL.
SUCCESSFUL. SO WORKING WITH THE VA IN
SO WORKING WITH THE VA IN PARTICULAR, SOME OF THE
PARTICULAR, SOME OF THE DIFFERENT MENTAL HEALTH AGENCIES
DIFFERENT MENTAL HEALTH AGENCIES AND SOME OF THE SUBSTANCE ABUSE
AND SOME OF THE SUBSTANCE ABUSE AGENCIES, WE'RE REALLY TALKING
AGENCIES, WE'RE REALLY TALKING ABOUT TWO POPULATIONS HERE.
ABOUT TWO POPULATIONS HERE. WE'RE TALKING ABOUT THE VIETNAM
WE'RE TALKING ABOUT THE VIETNAM VETERAN ERA WHERE WE HAVE PEOPLE
VETERAN ERA WHERE WE HAVE PEOPLE THAT ARE IN THEIR 60s, GOING IN
THAT ARE IN THEIR 60s, GOING IN THEIR 70s AND MAYBE HAVE BEEN
THEIR 70s AND MAYBE HAVE BEEN HOMELESS FOR YEARS, BUT ARE NOW
HOMELESS FOR YEARS, BUT ARE NOW AT AN AGE WHEN THEY ARE
AT AN AGE WHEN THEY ARE VULNERABLE ON THE STREETS AND SO
VULNERABLE ON THE STREETS AND SO THEY ARE NOW READY TO COME HOME.
THEY ARE NOW READY TO COME HOME. READY TO COME IN AND THEN WE
READY TO COME IN AND THEN WE HAVE OUR IRAQ AND AFGHANISTAN
HAVE OUR IRAQ AND AFGHANISTAN VETS WHO COME WITH A LOT
VETS WHO COME WITH A LOT DIFFERENT ISSUES AND SOME ARE
DIFFERENT ISSUES AND SOME ARE MORE DIFFICULT TO FIND IN THE
MORE DIFFICULT TO FIND IN THE SENSE THAT WHETHER IT'S BEEN A
SENSE THAT WHETHER IT'S BEEN A POST TRAUMATIC STRESS SYNDROME
POST TRAUMATIC STRESS SYNDROME AND THOSE ARE WHAT WE'RE TRYING
AND THOSE ARE WHAT WE'RE TRYING TO DEAL WILL WITH AND QUITE
TO DEAL WILL WITH AND QUITE FRANKLY, WHAT WE WANT TO DO WITH
FRANKLY, WHAT WE WANT TO DO WITH THIS NEW GENERATION OF WAR
THIS NEW GENERATION OF WAR VETERANS IS TO TREAT THEM
VETERANS IS TO TREAT THEM DIFFERENTLY THAN WE TREATED THE
DIFFERENTLY THAN WE TREATED THE PAST GENERATION.
PAST GENERATION. >> GIVE US NUMBERS NOW.
>> GIVE US NUMBERS NOW. HOW MANY PEOPLE HAVE YOU HELPED
HOW MANY PEOPLE HAVE YOU HELPED AND WHAT KIND OF NUMBER DO YOU
AND WHAT KIND OF NUMBER DO YOU SEE OUT THERE TO REACH THAT GOAL
SEE OUT THERE TO REACH THAT GOAL IN 2015?
IN 2015? YES, OUR GOAL WAS TO HOUSE 208
YES, OUR GOAL WAS TO HOUSE 208 PEOPLE IN THE FIRST HUNDRED
PEOPLE IN THE FIRST HUNDRED DAYS.
DAYS. WE HOUSE 223 AND THAT'S JUST NOT
WE HOUSE 223 AND THAT'S JUST NOT THE VET, BUT THEIR FAMILIES.
THE VET, BUT THEIR FAMILIES. OUR GOAL OVER THE NEXT HUNDRED
OUR GOAL OVER THE NEXT HUNDRED DAYS IS ANOTHER 225.
DAYS IS ANOTHER 225. WE BELIEVE WE NEED TO HOUSE 1650
WE BELIEVE WE NEED TO HOUSE 1650 OVER THE THREE-YEAR PERIOD TO
OVER THE THREE-YEAR PERIOD TO ACCOMPLISH OUR GOAL BECAUSE
ACCOMPLISH OUR GOAL BECAUSE HOMELESSNESS, PEOPLE COME IN AND
HOMELESSNESS, PEOPLE COME IN AND OUT OF HOMES AND SOME PEOPLE GO
OUT OF HOMES AND SOME PEOPLE GO IN AND OUT OF THEIR HOME BEFORE
IN AND OUT OF THEIR HOME BEFORE WE'LL BE HOMELESS AND WE BELIEVE
WE'LL BE HOMELESS AND WE BELIEVE WE CAN HAVE THE INFRASTRUCTURE
WE CAN HAVE THE INFRASTRUCTURE AND NOT ONLY END VETERANS'
AND NOT ONLY END VETERANS' HOMELESSNESS AND ENDING WOMEN'S
HOMELESSNESS AND ENDING WOMEN'S AND CHILDREN'S HOMELESSNESS.
AND CHILDREN'S HOMELESSNESS. >> AND IN THE TIME LEFT, CAN YOU
>> AND IN THE TIME LEFT, CAN YOU TALK TO US REALLY ABOUT HOW THE
TALK TO US REALLY ABOUT HOW THE COMMUNITY CAN CAN GET INVOLVED
COMMUNITY CAN CAN GET INVOLVED IN THIS?
IN THIS? I KNOW THAT'S AN IMPORTANT
I KNOW THAT'S AN IMPORTANT ASPECT OF IT AND PEOPLE WILL
ASPECT OF IT AND PEOPLE WILL HEAR THIS AND SAY I WANT TO BE
HEAR THIS AND SAY I WANT TO BE ABLE TO HELP.
ABLE TO HELP. THE THREE THINGS THEY NEED AND
THE THREE THINGS THEY NEED AND WE CAN FIND AN APARTMENT AND IF
WE CAN FIND AN APARTMENT AND IF IT'S VACANT AND HAVE SOMETHING
IT'S VACANT AND HAVE SOMETHING IN IT, THAT'S NOT WHY YOU SHOULD
IN IT, THAT'S NOT WHY YOU SHOULD KEEP A PERSON IN A HOME.
KEEP A PERSON IN A HOME. FOR $300 WE CAN HOUSE SOMEONE
FOR $300 WE CAN HOUSE SOMEONE WITH OTHER SUPPLIES AND IF YOU
WITH OTHER SUPPLIES AND IF YOU GO TO 51, THAT'S THAT HOME AND
GO TO 51, THAT'S THAT HOME AND THAT'S THE PLACE TO GO AND WE
THAT'S THE PLACE TO GO AND WE NEED MENTORS AND WE NEED PEOPLE
NEED MENTORS AND WE NEED PEOPLE TO HELP PEOPLE MOVE IN.
TO HELP PEOPLE MOVE IN. >> MAYOR, THANKS SO MUCH FOR
>> MAYOR, THANKS SO MUCH FOR BEING HERE TODAY.
BEING HERE TODAY. >> THANK YOU.
>> THANK YOU. ¶
¶ ¶
¶ >>> IRAN'S SUPREME LEADER
>>> IRAN'S SUPREME LEADER EXPRESSED SUPPORT WITHIN LIMITS
EXPRESSED SUPPORT WITHIN LIMITS FOR NEGOTIATIONS OVER THE
FOR NEGOTIATIONS OVER THE COUNTRY'S NUCLEAR PROGRAM JUST
COUNTRY'S NUCLEAR PROGRAM JUST AS A NEW ROUND OF TALKS KICKS
AS A NEW ROUND OF TALKS KICKS OFF IN GENEVA.
OFF IN GENEVA. >> THE LAST IN OUR SEAR, THE
>> THE LAST IN OUR SEAR, THE PERSONAL STORIES FROM HEALTH
PERSONAL STORIES FROM HEALTH REFORM.
REFORM. A DENVER WOMAN WHOSE INSURANCE
A DENVER WOMAN WHOSE INSURANCE POLICY WAS CANCELED.
POLICY WAS CANCELED. >> I WAS PLANNING TO KEEP THIS
>> I WAS PLANNING TO KEEP THIS PLAN FOR THE FUTURE.
PLAN FOR THE FUTURE. THIS WAS NOT A SUB-STANDARD PLAN
THIS WAS NOT A SUB-STANDARD PLAN AND IT WAS A PLAN THAT WAS GOOD
AND IT WAS A PLAN THAT WAS GOOD FOR ME AND MILES O'BRIEN SITS
FOR ME AND MILES O'BRIEN SITS DOWN WITH CHRIS HATFIELD AND THE
DOWN WITH CHRIS HATFIELD AND THE ASTRONAUT WHOSE OUT OF THIS
ASTRONAUT WHOSE OUT OF THIS WORLD DISPATCHES SHED LIGHT ON
WORLD DISPATCHES SHED LIGHT ON LIFE IN SPACE.
LIFE IN SPACE. >> I CAN TAKE A PICTURE AND
>> I CAN TAKE A PICTURE AND WITHIN MINUTES TWEET IT TO A
WITHIN MINUTES TWEET IT TO A MILLION PEOPLE.
MILLION PEOPLE. IT JUST FINALLY ALLOWED ME TO
IT JUST FINALLY ALLOWED ME TO REALLY SHARE THE EXPERIENCE WITH
REALLY SHARE THE EXPERIENCE WITH AS MANY PEOPLE WHO WANTED TO
AS MANY PEOPLE WHO WANTED TO COME ONBOARD.
COME ONBOARD. THOSE ARE JUST SOME OF THE
THOSE ARE JUST SOME OF THE STORIES WE'RE COVERING ON
STORIES WE'RE COVERING ON TONIGHT'S PBS NEWS HOUR.
TONIGHT'S PBS NEWS HOUR. >> WILD PIGEON AND VENISON,
>> WILD PIGEON AND VENISON, THANKSGIVING DINNERS HAVE
THANKSGIVING DINNERS HAVE CHANGED OVER THE THE CENTURY AND
CHANGED OVER THE THE CENTURY AND SO HAVE ORCHESTRAS.
SO HAVE ORCHESTRAS. >> I'M TALKING ABOUT THE LOOT
>> I'M TALKING ABOUT THE LOOT AND THE LONG-NET LOOT CALLED THE
AND THE LONG-NET LOOT CALLED THE ARCH LOOT AND SOMETHING CALLED
ARCH LOOT AND SOMETHING CALLED THE CORNETO.
THE CORNETO. ¶
¶ ¶
¶ >> MILES HOFFMAN'S MUSICAL
>> MILES HOFFMAN'S MUSICAL INGREDIENTS FOR THANKSGIVING ON
INGREDIENTS FOR THANKSGIVING ON THE NEXT MORNING EDITION FROM
THE NEXT MORNING EDITION FROM NTR NEWS.
NTR NEWS. >>> THE REGIONAL TRANSPORTATION
>>> THE REGIONAL TRANSPORTATION AUTHORITY AND THE PIM
AUTHORITY AND THE PIM ASSOCIATION OF GOVERNMENTS ARE
ASSOCIATION OF GOVERNMENTS ARE INDIVIDUAL AGENCIES, BUT THEY
INDIVIDUAL AGENCIES, BUT THEY EMPLOY LARGELY THE SAME STAFF
EMPLOY LARGELY THE SAME STAFF INCLUDING SHARING AN EXECUTIVE
INCLUDING SHARING AN EXECUTIVE DIRECTOR.
DIRECTOR. THE FORMER DIRECTOR LEFT THE JOB
THE FORMER DIRECTOR LEFT THE JOB ABOUT A YEAR AGO.
ABOUT A YEAR AGO. THE NEW PERMANENT DIRECTOR IS
THE NEW PERMANENT DIRECTOR IS HARLAND JAEMY.
HARLAND JAEMY. HE STARTED IN THE POSITION IN
HE STARTED IN THE POSITION IN OCTOBER.
OCTOBER. HE HAS WORKED ON THE
HE HAS WORKED ON THE TRANSPORTATION AND OTHER
TRANSPORTATION AND OTHER INFRASTRUCTURE JOBS IN THE TOWNS
INFRASTRUCTURE JOBS IN THE TOWNS OF MORANA AND SARITA.
OF MORANA AND SARITA. ANGELA KELLY INTERVIEWED HIM
ANGELA KELLY INTERVIEWED HIM ABOUT THE NEW DIRECTION OF THE
ABOUT THE NEW DIRECTION OF THE AGENCIES.
AGENCIES. >> CAN YOU DESCRIBE THE ROLE OF
>> CAN YOU DESCRIBE THE ROLE OF THE PIM ASSOCIATION OF
THE PIM ASSOCIATION OF GOVERNMENTS?
GOVERNMENTS? >> SURE.
>> SURE. THEY ARE ACTUALLY TWO SEPARATE
THEY ARE ACTUALLY TWO SEPARATE ORGANIZATIONS.
ORGANIZATIONS. PAG IS THE PLANNING ORGANIZATION
PAG IS THE PLANNING ORGANIZATION FOR THE ENTIRE REGION THAT
FOR THE ENTIRE REGION THAT INCLUDES ALL OF THE CITIES AND
INCLUDES ALL OF THE CITIES AND TOWNS AND THE COUNTY AND THE
TOWNS AND THE COUNTY AND THE TRIBAL COUNCILS AND THE TRIBAL
TRIBAL COUNCILS AND THE TRIBAL GOVERNMENTS.
GOVERNMENTS. ESSENTIALLY THE ROLE OF THAT
ESSENTIALLY THE ROLE OF THAT AGENCY IS TO COORDINATE ALL OF
AGENCY IS TO COORDINATE ALL OF THE PLANNING EFFORT, LAND USE,
THE PLANNING EFFORT, LAND USE, TRANSPORTATION-RELATED ISSUES
TRANSPORTATION-RELATED ISSUES AND ANY OTHER POTENTIAL REGIONAL
AND ANY OTHER POTENTIAL REGIONAL ISSUES THAT MIGHT COME UP THAT
ISSUES THAT MIGHT COME UP THAT WE CAN COORDINATE COLLECTIVELY
WE CAN COORDINATE COLLECTIVELY AND BE ABLE TO RESOLVE.
AND BE ABLE TO RESOLVE. >> AND THEN THE RTA?
>> AND THEN THE RTA? >> THE ROLE OF THE RTA, THE RTA
>> THE ROLE OF THE RTA, THE RTA WAS ESTABLISHED BACK IN 2004 FOR
WAS ESTABLISHED BACK IN 2004 FOR A VERY SPECIFIC PURPOSE.
A VERY SPECIFIC PURPOSE. RTA ESSENTIALLY HAS THE
RTA ESSENTIALLY HAS THE RESPONSIBILITY TO DELIVER A SET
RESPONSIBILITY TO DELIVER A SET OF PROJECTS THAT WERE APPROVED
OF PROJECTS THAT WERE APPROVED BY THE VOTERS IN 2006 WITH A SET
BY THE VOTERS IN 2006 WITH A SET OF FUNDING THAT WAS ALSO
OF FUNDING THAT WAS ALSO APPROVED FOR THE PURPOSE OF
APPROVED FOR THE PURPOSE OF DELIVERING THOSE PROJECTS.
DELIVERING THOSE PROJECTS. THE RT ABOARD IS THE SAME BOARD
THE RT ABOARD IS THE SAME BOARD AS THE REGIONAL COUNCIL AND
AS THE REGIONAL COUNCIL AND OBVIOUSLY WITH SEPARATE
OBVIOUSLY WITH SEPARATE RESPONSIBILITIES TO DELIVER
RESPONSIBILITIES TO DELIVER THOSE PROJECTS.
THOSE PROJECTS. >> HOW DOES THE PREVIOUS WORK
>> HOW DOES THE PREVIOUS WORK EXPERIENCE SET YOU UP TO BE THE
EXPERIENCE SET YOU UP TO BE THE LEADER OF THIS ORGANIZATION?
LEADER OF THIS ORGANIZATION? I'VE BEEN IN THE REGION FOR 20
I'VE BEEN IN THE REGION FOR 20 YEARS AND THE COMBINATION OF
YEARS AND THE COMBINATION OF PUBLIC SECTOR EXPERIENCE AS WELL
PUBLIC SECTOR EXPERIENCE AS WELL AS PUBLIC SECTOR EXPERIENCE AND
AS PUBLIC SECTOR EXPERIENCE AND BACK IN ROUGHLY EARLY 2000, I
BACK IN ROUGHLY EARLY 2000, I WAS WORKING FOR THE TOWN AND
WAS WORKING FOR THE TOWN AND THAT'S WHEN THE DISCUSSION FOR
THAT'S WHEN THE DISCUSSION FOR THE REGIONAL TRANSPORTATION
THE REGIONAL TRANSPORTATION AUTHORITY STARTED.
AUTHORITY STARTED. I WAS VERY ACTIVE WITH THE PAG
I WAS VERY ACTIVE WITH THE PAG AT THE TIME AND THROUGH MY
AT THE TIME AND THROUGH MY INVOLVEMENT WITH THE PAG
INVOLVEMENT WITH THE PAG ORGANIZATION, I GOT MORE AND
ORGANIZATION, I GOT MORE AND MORE INVOLVED AND WORKING ON THE
MORE INVOLVED AND WORKING ON THE PLAN FOR THE RTA AS WELL AS THE
PLAN FOR THE RTA AS WELL AS THE FINANCING DOCUMENT THAT CAME
FINANCING DOCUMENT THAT CAME BACK TO THE PUBLIC FOR A VOTE IN
BACK TO THE PUBLIC FOR A VOTE IN 2006.
2006. BY 2006 I WAS IN THE PRIVATE
BY 2006 I WAS IN THE PRIVATE SECTOR, AND I WAS ABLE TO HELP
SECTOR, AND I WAS ABLE TO HELP AND ADVOCATE FOR THE PASSAGE OF
AND ADVOCATE FOR THE PASSAGE OF THE RTA VOTE IN 2006, AS WELL.
THE RTA VOTE IN 2006, AS WELL. SO BEING INVOLVED EARLY ON IN
SO BEING INVOLVED EARLY ON IN THE PROCESS I WAS VERY ENGAGED
THE PROCESS I WAS VERY ENGAGED AND INVOLVED WITH THE COMMUNITY
AND INVOLVED WITH THE COMMUNITY AND TRULY UNDERSTOOD THE
AND TRULY UNDERSTOOD THE PERSPECTIVE FROM ALL OF THE
PERSPECTIVE FROM ALL OF THE STAKEHOLDERS IN THE COMMUNITY.
STAKEHOLDERS IN THE COMMUNITY. IT WASN'T JUST THE TECHNICAL
IT WASN'T JUST THE TECHNICAL BACKGROUND, BUT REALLY THE
BACKGROUND, BUT REALLY THE COMMUNITY'S INTEREST AND DESIRES
COMMUNITY'S INTEREST AND DESIRES AND WHAT THE RTA WOULD HAVE TO
AND WHAT THE RTA WOULD HAVE TO LOOK LIKE AND HOW WE CAN MEET
LOOK LIKE AND HOW WE CAN MEET OUR PROMISE AND DELIVER THOSE
OUR PROMISE AND DELIVER THOSE PROJECTS.
PROJECTS. I HAD THOSE PERSPECTIVES AND
I HAD THOSE PERSPECTIVES AND THAT WAS KEY IN BEING ABLE TO
THAT WAS KEY IN BEING ABLE TO UNDERSTAND WHAT I NEED TO DO IN
UNDERSTAND WHAT I NEED TO DO IN THIS CURRENT POSITION TO BE ABLE
THIS CURRENT POSITION TO BE ABLE TO CONTINUE THAT COMMITMENT AND
TO CONTINUE THAT COMMITMENT AND MEET THE PROMISE THAT WE MADE TO
MEET THE PROMISE THAT WE MADE TO THE PUBLIC.
THE PUBLIC. >> HOW WILL YOU LEAD BOTH
>> HOW WILL YOU LEAD BOTH ORGANIZATIONS?
ORGANIZATIONS? WHAT ARE YOUR PLANS?
WHAT ARE YOUR PLANS? >> I TRULY BELIEVE IN WORKING
>> I TRULY BELIEVE IN WORKING TOGETHER AS A LARGER COMMUNITY
TOGETHER AS A LARGER COMMUNITY AND LEADING THE ORGANIZATION
AND LEADING THE ORGANIZATION LIKE THE RTA AND PAG REALLY
LIKE THE RTA AND PAG REALLY REQUIRES MY UNDERSTANDING OF
REQUIRES MY UNDERSTANDING OF WHAT IS GOING ON THROUGHOUT THE
WHAT IS GOING ON THROUGHOUT THE REGION WITH OTHER MEMBER
REGION WITH OTHER MEMBER AGENCIES THAT I WORK WITH.
AGENCIES THAT I WORK WITH. SO MY GOAL HAS ALWAYS BEEN AND
SO MY GOAL HAS ALWAYS BEEN AND WILL CONTINUE TO BE TO MAKE SURE
WILL CONTINUE TO BE TO MAKE SURE THAT WE UNDERSTAND THE
THAT WE UNDERSTAND THE PRIORITIES OF THE REGION AND
PRIORITIES OF THE REGION AND MAKE SURE THAT WE WORK
MAKE SURE THAT WE WORK COLLABORATIVELY WITH EVERYBODY
COLLABORATIVELY WITH EVERYBODY ELSE INVOLVED IN THE REGION TO
ELSE INVOLVED IN THE REGION TO SOLVE THOSE CHALLENGES.
SOLVE THOSE CHALLENGES. SO IT'S NOT GOING TO BE JUST
SO IT'S NOT GOING TO BE JUST FOCUSING ON WHAT'S IMPORTANT TO
FOCUSING ON WHAT'S IMPORTANT TO PAG AS AN ORGANIZATION.
PAG AS AN ORGANIZATION. IT'S WHAT'S IMPORTANT TO ALL OF
IT'S WHAT'S IMPORTANT TO ALL OF THE REGION AND ALL OF THE
THE REGION AND ALL OF THE MEMBERS.
MEMBERS. SO UNDERSTANDING THEIR
SO UNDERSTANDING THEIR PRIORITIES AND UNDERSTANDING
PRIORITIES AND UNDERSTANDING WHAT OUR CHALLENGES ARE AND
WHAT OUR CHALLENGES ARE AND WORKING TOGETHER TO BE ABLE TO
WORKING TOGETHER TO BE ABLE TO SOLVE THOSE PROBLEMS OPENS UP
SOLVE THOSE PROBLEMS OPENS UP THE OPPORTUNITY FOR
THE OPPORTUNITY FOR COMMUNICATION AND DIALOGUE ON A
COMMUNICATION AND DIALOGUE ON A REGULAR BASIS.
REGULAR BASIS. SO WE'RE CONSTANTLY GOING BACK
SO WE'RE CONSTANTLY GOING BACK AND CHECKING WITH OUR MEMBERS
AND CHECKING WITH OUR MEMBERS AND UNDERSTAND WHAT WE NEED TO
AND UNDERSTAND WHAT WE NEED TO FOCUS IN ANY GIVEN POINT OF
FOCUS IN ANY GIVEN POINT OF TIME.
TIME. I DON'T WANT TO BE IN A POSITION
I DON'T WANT TO BE IN A POSITION THAT WE DON'T HAVE THAT REGULAR
THAT WE DON'T HAVE THAT REGULAR COMMUNICATION WITH OUR MEMBERS
COMMUNICATION WITH OUR MEMBERS AND THEIR PRIORITIES TO
AND THEIR PRIORITIES TO OBVIOUSLY CHANGE CONSTANTLY, AS
OBVIOUSLY CHANGE CONSTANTLY, AS WELL AND WE WANT TO MAKE SURE
WELL AND WE WANT TO MAKE SURE THAT WE'RE COMMUNICATING ON A
THAT WE'RE COMMUNICATING ON A REGULAR BASIS AND FOCUSING ON
REGULAR BASIS AND FOCUSING ON PRIORITIES AND ADJUSTING TO
PRIORITIES AND ADJUSTING TO THOSE CHANGE IN PRIORITY, AS
THOSE CHANGE IN PRIORITY, AS WELL.
WELL. >> WHAT'S THE LONG-TERM OUTLOOK
>> WHAT'S THE LONG-TERM OUTLOOK FOR THE REGIONAL TRANSPORTATION
FOR THE REGIONAL TRANSPORTATION AUTHORITY, IS THERE ANY -- THE
AUTHORITY, IS THERE ANY -- THE RTA PROGRAM, AS YOU KNOW, IT WAS
RTA PROGRAM, AS YOU KNOW, IT WAS A 20-YEAR PROGRAM AND THE
A 20-YEAR PROGRAM AND THE FUNDING THAT CAME WITH THE RTA
FUNDING THAT CAME WITH THE RTA GOES THROUGH 2026.
GOES THROUGH 2026. AS PART OF OUR ONGOING EFFORT TO
AS PART OF OUR ONGOING EFFORT TO MAKE SURE THAT WE MEET THE
MAKE SURE THAT WE MEET THE COMMITMENTS TO THE RTA, WE
COMMITMENTS TO THE RTA, WE CONSTANTLY CHECK ON OUR
CONSTANTLY CHECK ON OUR EXPENDITURES AS WELL AS OUR
EXPENDITURES AS WELL AS OUR REVENUE PROJECTIONS.
REVENUE PROJECTIONS. WE RECENTLY ASKED THE UNIVERSITY
WE RECENTLY ASKED THE UNIVERSITY OF ARIZONA AND THE COLLEGE OF
OF ARIZONA AND THE COLLEGE OF MANAGEMENT TO GIVE US AN OUTLOOK
MANAGEMENT TO GIVE US AN OUTLOOK FOR WHAT THE REVENUES ARE GOING
FOR WHAT THE REVENUES ARE GOING TO BE LOOKING LIKE MOVING
TO BE LOOKING LIKE MOVING FORWARD FROM 2013 THROUGH 2026.
FORWARD FROM 2013 THROUGH 2026. AS YOU KNOW, DUE TO THE
AS YOU KNOW, DUE TO THE RECESSION, IF THERE WOULDN'T BE
RECESSION, IF THERE WOULDN'T BE ANY SURPRISE TO ANYBODY THAT
ANY SURPRISE TO ANYBODY THAT BECAUSE OF THE RECESSION THE
BECAUSE OF THE RECESSION THE REVENUES THAT ARE PROJECTED ARE
REVENUES THAT ARE PROJECTED ARE GOING TO BE LOWER THAN WHAT WE
GOING TO BE LOWER THAN WHAT WE HAD ANTICIPATED BACK IN 2005.
HAD ANTICIPATED BACK IN 2005. I DON'T THINK ANYBODY BACK IN
I DON'T THINK ANYBODY BACK IN 2005 COULD HAVE PREDICTED THE
2005 COULD HAVE PREDICTED THE IMPACT OF THE RECESSION.
IMPACT OF THE RECESSION. SO EITHER THE RESULTS WE'LL HAVE
SO EITHER THE RESULTS WE'LL HAVE TO GO BACK AND LOOK AT THE
TO GO BACK AND LOOK AT THE ACTUAL REVENUE PROJECTIONS AND
ACTUAL REVENUE PROJECTIONS AND HOW MUCH WE COLLECTED TO DATE,
HOW MUCH WE COLLECTED TO DATE, VERSUS HOW MUCH WE ACTUALLY
VERSUS HOW MUCH WE ACTUALLY SPENT ON PROJECTS AND MOVING
SPENT ON PROJECTS AND MOVING FORWARD, START PROJECTING ON OUR
FORWARD, START PROJECTING ON OUR EXPENDITURES THAT POTENTIALLY
EXPENDITURES THAT POTENTIALLY WOULD RECOGNIZE SAVINGS AS WELL
WOULD RECOGNIZE SAVINGS AS WELL AND WHILE THE BENEFITS OF THE
AND WHILE THE BENEFITS OF THE RECESSION UNFORTUNATELY WAS THAT
RECESSION UNFORTUNATELY WAS THAT THE BITS WERE MUCH MORE
THE BITS WERE MUCH MORE COMPETITIVE.
COMPETITIVE. SO WE SAW THE CONSTRUCTION
SO WE SAW THE CONSTRUCTION PROJECTS THAT WERE 20% LOWER
PROJECTS THAT WERE 20% LOWER THAN WHAT WE HAD ANTICIPATED.
THAN WHAT WE HAD ANTICIPATED. THERE WERE SOME SAVINGS AND AT
THERE WERE SOME SAVINGS AND AT THE SAME TIME THEIR REVENUE
THE SAME TIME THEIR REVENUE WASN'T COMING IN AS HIGH AS THEY
WASN'T COMING IN AS HIGH AS THEY HAD PREDICTED INITIALLY.
HAD PREDICTED INITIALLY. MOVING FORWARD WE'LL HAVE TO
MOVING FORWARD WE'LL HAVE TO WORK TOGETHER AS A COMMUNITY AND
WORK TOGETHER AS A COMMUNITY AND LOOK AT THE PROJECTS AND
LOOK AT THE PROJECTS AND IDENTIFY THE WAY TO MAKE UP ANY
IDENTIFY THE WAY TO MAKE UP ANY POTENTIAL DIFFERENCES IN THE
POTENTIAL DIFFERENCES IN THE REVENUE AND EXPENDITURE
REVENUE AND EXPENDITURE PROJECTIO
PROJECTIO PROJECTIONS.
PROJECTIONS. >> THE PIMA ASSOCIATION IS
>> THE PIMA ASSOCIATION IS PARTLY RESPONSIBLE FOR
PARTLY RESPONSIBLE FOR DISTRIBUTING ORGANIZATION TO THE
DISTRIBUTING ORGANIZATION TO THE GOVERNMENTS IN THE REGION.
GOVERNMENTS IN THE REGION. WHAT ARE THE CHALLENGES WITH
WHAT ARE THE CHALLENGES WITH THAT RIGHT NOW?
THAT RIGHT NOW? >> SO, SAME THING APPLIES TO
>> SO, SAME THING APPLIES TO FEDERAL FUNDS AND STATE FUNDS
FEDERAL FUNDS AND STATE FUNDS THAT COME THROUGH THE REGION FOR
THAT COME THROUGH THE REGION FOR PROJECTS, WITHIN THE PAG REGION.
PROJECTS, WITHIN THE PAG REGION. FOR THE SAME REASON RTA WILL SEE
FOR THE SAME REASON RTA WILL SEE POTENTIAL REVENUES DECLINING
POTENTIAL REVENUES DECLINING OVER TIME.
OVER TIME. THE FEDERAL FUNDING SOURCE ARE
THE FEDERAL FUNDING SOURCE ARE SEEING DECLINES AS WELL.
SEEING DECLINES AS WELL. THAT WILL BE ONE OF THE THINGS
THAT WILL BE ONE OF THE THINGS MOVING FORWARD WITH REGIONAL
MOVING FORWARD WITH REGIONAL TRANSPORTATION FUNDING.
TRANSPORTATION FUNDING. AT THE TIME IT WAS THE SOLUTION
AT THE TIME IT WAS THE SOLUTION TO NOT GETTING ENOUGH FUNDING TO
TO NOT GETTING ENOUGH FUNDING TO MEET OUR NEEDS LOCALLY, SO RTA
MEET OUR NEEDS LOCALLY, SO RTA WAS THE SOLUTION TO THAT AND NOW
WAS THE SOLUTION TO THAT AND NOW WE FIND OURSELVES IN THE SAME
WE FIND OURSELVES IN THE SAME POSITION THAT THE FEDERAL FUNDS
POSITION THAT THE FEDERAL FUNDS ARE DECLINING, AS WELL, AS WELL
ARE DECLINING, AS WELL, AS WELL AS THE STATE FUNDS.
AS THE STATE FUNDS. SO OBVIOUSLY, I WANT TO BE
SO OBVIOUSLY, I WANT TO BE OPTIMISTIC, AND I THINK WE CAN
OPTIMISTIC, AND I THINK WE CAN CONTINUE TO WORK TOGETHER WITH
CONTINUE TO WORK TOGETHER WITH THE STATE AND FEDERAL PARTNERS
THE STATE AND FEDERAL PARTNERS TO CONTINUE TO FUND PROJECTS FOR
TO CONTINUE TO FUND PROJECTS FOR THE REGION IN THE FUTURE, BUT
THE REGION IN THE FUTURE, BUT THE REALITY IS THERE'S JUST NOT
THE REALITY IS THERE'S JUST NOT ENOUGH FUNDS AT THE FEDERAL
ENOUGH FUNDS AT THE FEDERAL LEVEL TO ADDRESS THE NEED OF
LEVEL TO ADDRESS THE NEED OF EVERY REGION AND EVERY MEMBER
EVERY REGION AND EVERY MEMBER AGENCY.
AGENCY. THE TRANSPORTATION
THE TRANSPORTATION REAUTHORIZATION BILL THAT WAS
REAUTHORIZATION BILL THAT WAS PASSED BY CONGRESS IN SEPTEMBER
PASSED BY CONGRESS IN SEPTEMBER EXPIRES IN 2014 AND THAT WAS
EXPIRES IN 2014 AND THAT WAS ONLY A TWO-YEAR EXTENSION OF THE
ONLY A TWO-YEAR EXTENSION OF THE TRANSPORTATION BILL.
TRANSPORTATION BILL. SO BETWEEN NOW AND SEPTEMBER
SO BETWEEN NOW AND SEPTEMBER 2014, OBVIOUSLY, THE CONGRESS
2014, OBVIOUSLY, THE CONGRESS WOULD HAVE TO REAUTHORIZE AND
WOULD HAVE TO REAUTHORIZE AND DEVELOP A NEW EXPENDITURE FOR
DEVELOP A NEW EXPENDITURE FOR THE EXTENSION OF THE
THE EXTENSION OF THE TRANSPORTATION BILL AND INCLUDE
TRANSPORTATION BILL AND INCLUDE SOME PROJECTS.
SOME PROJECTS. SO WE HOPE THAT WE CAN BE AT THE
SO WE HOPE THAT WE CAN BE AT THE TABLE AND HAVE THAT CONVERSATION
TABLE AND HAVE THAT CONVERSATION AND MAKE SURE THAT SOME OF THE
AND MAKE SURE THAT SOME OF THE REGIONAL PROJECTS THAT ARE OF
REGIONAL PROJECTS THAT ARE OF THE HIGHER IMPORTANCE MAKE IT
THE HIGHER IMPORTANCE MAKE IT INTO THE LIST OF PROJECTS THAT
INTO THE LIST OF PROJECTS THAT POTENTIALLY COULD GET FUNDING
POTENTIALLY COULD GET FUNDING AND THE QUESTION FROM THE
AND THE QUESTION FROM THE TRANSPORTATION FUNDING BILL AT
TRANSPORTATION FUNDING BILL AT THE FEDERAL LEVEL IS NOT SO MUCH
THE FEDERAL LEVEL IS NOT SO MUCH HOW MUCH MONEY IS THERE.
HOW MUCH MONEY IS THERE. IT'S HOW IMPORTANT THE PROJECTS
IT'S HOW IMPORTANT THE PROJECTS ARE AND THEY'LL GET PRIORITY AND
ARE AND THEY'LL GET PRIORITY AND GET FUNDED AND THAT'S THE
GET FUNDED AND THAT'S THE CONVERSATION THAT WE'LL GET WITH
CONVERSATION THAT WE'LL GET WITH THE CONGRESSIONAL DELEGATES AND
THE CONGRESSIONAL DELEGATES AND WITH THE LEADERS AT THE STATE
WITH THE LEADERS AT THE STATE LEVEL TO MAKE SURE WE CAN
LEVEL TO MAKE SURE WE CAN PRIORITIZE THOSE PROJECTS AND
PRIORITIZE THOSE PROJECTS AND GET FUNDING FOR THEM.
GET FUNDING FOR THEM. ¶
¶ ¶
¶ >>> THE STOCK MARKET HITS RECORD
>>> THE STOCK MARKET HITS RECORD LEVELS REGULARLY THESE DAY, YET
LEVELS REGULARLY THESE DAY, YET THE ECONOMY REMAINS SLUGGISH AND
THE ECONOMY REMAINS SLUGGISH AND UNEMPLOYMENT IS HIGH.
UNEMPLOYMENT IS HIGH. HOW SHOULD INVESTORS VIEW THE
HOW SHOULD INVESTORS VIEW THE MARKET, AVOID ITS VOLATILITY AND
MARKET, AVOID ITS VOLATILITY AND GROW THEIR NEST EGGS?
GROW THEIR NEST EGGS? FOR SOME ANSWERS, REPORTER ZACK
FOR SOME ANSWERS, REPORTER ZACK ZIGLER SPOKE WITH KATHERINE
ZIGLER SPOKE WITH KATHERINE NIXON, CHIEF INVESTMENT OFFICER
NIXON, CHIEF INVESTMENT OFFICER FOR NORTHERN TRUST CORPORATION
FOR NORTHERN TRUST CORPORATION ON A RECENT VISIT TO TUCSON.
ON A RECENT VISIT TO TUCSON. >> THE STOCK MARKET IS
>> THE STOCK MARKET IS CONTINUING TO NUDGE AT AN
CONTINUING TO NUDGE AT AN ALL-TIME HIGH.
ALL-TIME HIGH. DOES THAT CAUSE ANY WORRY OF A
DOES THAT CAUSE ANY WORRY OF A POSSIBLE BUBBLE BURST IN THE
POSSIBLE BUBBLE BURST IN THE NEAR FUTURE?
NEAR FUTURE? >> WHEN WE THINK ABOUT BUBBLES
>> WHEN WE THINK ABOUT BUBBLES WE THINK ABOUT VALUATION AND
WE THINK ABOUT VALUATION AND BUBBLES ALTHOUGH THEY'RE ALWAYS
BUBBLES ALTHOUGH THEY'RE ALWAYS CRYSTAL CLEAR IN THE REAR-VIEW
CRYSTAL CLEAR IN THE REAR-VIEW MIRROR THEY TYPICALLY EVOLVE
MIRROR THEY TYPICALLY EVOLVE AROUND EXCESSIVE VALUATION
AROUND EXCESSIVE VALUATION LEVELS AND ALTHOUGH THE MARKET
LEVELS AND ALTHOUGH THE MARKET IS UP 25% THIS YEAR AND NUDGING
IS UP 25% THIS YEAR AND NUDGING ALWAYS TOWARD ALL-TIME HIGHS,
ALWAYS TOWARD ALL-TIME HIGHS, THE VALUATION LEVELS ARE QUITE
THE VALUATION LEVELS ARE QUITE NORMAL AND QUITE AVERAGE WITH A
NORMAL AND QUITE AVERAGE WITH A LOOK AT HISTORY WITH THE S&P
LOOK AT HISTORY WITH THE S&P TRADING AT AROUND 16 EARNINGS
TRADING AT AROUND 16 EARNINGS E
E ESTIMATES.
ESTIMATES. DOESN'T SEEM TO BE A BUBBLE IN
DOESN'T SEEM TO BE A BUBBLE IN THE MARKET.
THE MARKET. >> WITH THE ALL-TIME HIGH, WE
>> WITH THE ALL-TIME HIGH, WE HAVE A SLUGGISH ECONOMY AND HIGH
HAVE A SLUGGISH ECONOMY AND HIGH UNEMPLOYMENT AND DO YOU SEE THAT
UNEMPLOYMENT AND DO YOU SEE THAT AS BEING AT ALL CONTRADICTORY TO
AS BEING AT ALL CONTRADICTORY TO WHAT IS GOING ON IN THE STOCK
WHAT IS GOING ON IN THE STOCK MARKET?
MARKET? >> IT WAS ACTUALLY INTERESTING
>> IT WAS ACTUALLY INTERESTING BECAUSE IT IS A BIT
BECAUSE IT IS A BIT COUNTERINTUITIVE THAT WE HAVE
COUNTERINTUITIVE THAT WE HAVE THIS VERY FRAGILE, SLOW GROWTH
THIS VERY FRAGILE, SLOW GROWTH ECONOMY, BUT WHAT THAT'S
ECONOMY, BUT WHAT THAT'S ENABLING IS A VERY LOW INTEREST
ENABLING IS A VERY LOW INTEREST RATE ENVIRONMENT.
RATE ENVIRONMENT. SO LOW RATES AND THE
SO LOW RATES AND THE QUANTITATIVE EASING IN THE
QUANTITATIVE EASING IN THE MONETARY POLICY THAT WE'RE
MONETARY POLICY THAT WE'RE SEEING FROM THE FEDERAL RESERVE
SEEING FROM THE FEDERAL RESERVE HAS ENCOURAGED INVESTORS TO TAKE
HAS ENCOURAGED INVESTORS TO TAKE RISKS.
RISKS. HAS INCREASED RISK APPETITE AND
HAS INCREASED RISK APPETITE AND HAS GIVEN A NICE TAILWIND TO
HAS GIVEN A NICE TAILWIND TO EQUITIES.
EQUITIES. >> THAT'S EASY FOR PEOPLE TO
>> THAT'S EASY FOR PEOPLE TO CATCH ON WITH AS FAR AS
CATCH ON WITH AS FAR AS INVESTING.
INVESTING. DO YOU HAVE INVESTORS WHO COME
DO YOU HAVE INVESTORS WHO COME TO YOU WITH THAT AS A WORRY?
TO YOU WITH THAT AS A WORRY? >> EVERYBODY WORRIES ABOUT WHAT
>> EVERYBODY WORRIES ABOUT WHAT THE ENDGAME IS HERE.
THE ENDGAME IS HERE. HOW DO WE GET OUT OF THIS MESS,
HOW DO WE GET OUT OF THIS MESS, AND OUR POINT OF VIEW IS THAT AT
AND OUR POINT OF VIEW IS THAT AT A CERTAIN POINT THE FEDERAL
A CERTAIN POINT THE FEDERAL RESERVE IS GOING TO PASS THE
RESERVE IS GOING TO PASS THE BATON, ALMOST LIKE A RELAY RACE,
BATON, ALMOST LIKE A RELAY RACE, PASS THE BATON ON TO THE REAL
PASS THE BATON ON TO THE REAL ECONOMY SO THAT WHEN WE DO SEE A
ECONOMY SO THAT WHEN WE DO SEE A REDUCTION, PERHAPS A TAPERING OF
REDUCTION, PERHAPS A TAPERING OF QUANTITATIVE EASING AND
QUANTITATIVE EASING AND EVENTUALLY AN INCREASE IN
EVENTUALLY AN INCREASE IN INTEREST RATES, THE REAL ECONOMY
INTEREST RATES, THE REAL ECONOMY WILL BE ON A SUSTAINABLE
WILL BE ON A SUSTAINABLE GROWTHAS AND WE'LL DO THE HEAVY
GROWTHAS AND WE'LL DO THE HEAVY LIFTING ON THE EQUITY SIDE.
LIFTING ON THE EQUITY SIDE. >> AS YOU TALK ABOUT THAT KIND
>> AS YOU TALK ABOUT THAT KIND OF COURSE WHERE WE WILL SEE A
OF COURSE WHERE WE WILL SEE A BACKING OFF OF THE GOVERNMENT
BACKING OFF OF THE GOVERNMENT AND IS THERE ANY WORRY THAT
AND IS THERE ANY WORRY THAT THERE WILL BE A BIT OF A
THERE WILL BE A BIT OF A CORRECTION WHEN THAT HAPPENS?
CORRECTION WHEN THAT HAPPENS? >> WE GOT A TASTE OF THAT THIS
>> WE GOT A TASTE OF THAT THIS SUMMER, DIDN'T WE?
SUMMER, DIDN'T WE? WHERE THERE WAS TALK OF A TAPER
WHERE THERE WAS TALK OF A TAPER AND BERNANKE PUT THE CANARY IN
AND BERNANKE PUT THE CANARY IN THE COAL MINE EARLIER IN THE
THE COAL MINE EARLIER IN THE SUMMER AND WE DID SEE A LOT OF
SUMMER AND WE DID SEE A LOT OF VOLATILITY, NOT JUST IN EQUITY,
VOLATILITY, NOT JUST IN EQUITY, BUT THE VOLATILITY WAS MOST
BUT THE VOLATILITY WAS MOST EXTREME IN THE INCOME MARKETS AS
EXTREME IN THE INCOME MARKETS AS INVESTORS READJUSTED AGAINST
INVESTORS READJUSTED AGAINST EXPECTATIONS.
EXPECTATIONS. WE HAVE AGAIN, SORT OF COUNT
WE HAVE AGAIN, SORT OF COUNT COUNTERINTUITI
COUNTERINTUITI COUNTERINTUITIVELY, SO THAT WHEN
COUNTERINTUITIVELY, SO THAT WHEN WE START TO SEE REAL SHIFTS IN
WE START TO SEE REAL SHIFTS IN POLICY WE WILL SEE HEIGHTENED
POLICY WE WILL SEE HEIGHTENED VOLATILITY.
VOLATILITY. >> AND LOOKING AT THE AREA OF
>> AND LOOKING AT THE AREA OF TREASURYS THEY'VE ALSO ALWAYS
TREASURYS THEY'VE ALSO ALWAYS BEEN KIND OF THAT SAFE HAVEN,
BEEN KIND OF THAT SAFE HAVEN, BUT NOW AS -- SINCE THEY ARE
BUT NOW AS -- SINCE THEY ARE TRADITIONALLY LOWER EARNING, IS
TRADITIONALLY LOWER EARNING, IS THERE A BIT OF A WORRY WITH THEM
THERE A BIT OF A WORRY WITH THEM SINCE THEY MIGHT NOT BE AS SAFE
SINCE THEY MIGHT NOT BE AS SAFE AS SOME PEOPLE THINK?
AS SOME PEOPLE THINK? >> WELL, WHEN I THINK ABOUT
>> WELL, WHEN I THINK ABOUT SAFETY, I THINK OF A BOND BEING
SAFETY, I THINK OF A BOND BEING MONEY GOOD, AND OF COURSE, WE
MONEY GOOD, AND OF COURSE, WE CONTINUE TO BELIEVE THAT THE
CONTINUE TO BELIEVE THAT THE TREASURY IS MONEY GOOD, DESPITE
TREASURY IS MONEY GOOD, DESPITE ALL OF THE DRAMA THIS FALL
ALL OF THE DRAMA THIS FALL AROUND THE DEBT CEILING DEBATE
AROUND THE DEBT CEILING DEBATE AND THE GOVERNMENT SHUTDOWN, WE
AND THE GOVERNMENT SHUTDOWN, WE ALWAYS BELIEVE THAT TREASURYS
ALWAYS BELIEVE THAT TREASURYS WOULD BE MONEY GOOD.
WOULD BE MONEY GOOD. ALTHOUGH THE RATES ARE VERY,
ALTHOUGH THE RATES ARE VERY, VERY LOW, TREASURYS REMAIN THE
VERY LOW, TREASURYS REMAIN THE RISK-FREE ASSET OUT THERE AND
RISK-FREE ASSET OUT THERE AND THE HIGHEST QUALITY BOND THAT WE
THE HIGHEST QUALITY BOND THAT WE CAN BUY FOR OUR CLIENTS.
CAN BUY FOR OUR CLIENTS. >> AND WHAT ADVICE DO YOU GIVE
>> AND WHAT ADVICE DO YOU GIVE TO SOMEONE WHO MAYBE IS COMING
TO SOMEONE WHO MAYBE IS COMING IN AND A LITTLE MORE MODEST
IN AND A LITTLE MORE MODEST MEANS AND LOOKING TO START
MEANS AND LOOKING TO START BUILDING KIND OF THAT NEST EGG.
BUILDING KIND OF THAT NEST EGG. >> RIGHT.
>> RIGHT. >> THE MOST IMPORTANT THING FOR
>> THE MOST IMPORTANT THING FOR INVESTORS AT ANY ECHELON OF
INVESTORS AT ANY ECHELON OF WEALTH WHETHER IT'S MODEST MEANS
WEALTH WHETHER IT'S MODEST MEANS UP TO THE HIGHEST NET WORTH
UP TO THE HIGHEST NET WORTH INVESTOR IS TAKE A GOOD LOOK AT
INVESTOR IS TAKE A GOOD LOOK AT YOUR GOALS.
YOUR GOALS. REALLY IDENTIFY AND QUANTIFY
REALLY IDENTIFY AND QUANTIFY WHAT YOUR GOALS ARE AND THEN
WHAT YOUR GOALS ARE AND THEN ALIGN YOUR INVESTMENT STRATEGIES
ALIGN YOUR INVESTMENT STRATEGIES APPROPRIATELY AROUND THOSE
APPROPRIATELY AROUND THOSE GOALS.
GOALS. THAT WILL GIVE YOU VERY GOOD
THAT WILL GIVE YOU VERY GOOD GUIDANCE IN TERMS OF HOW MUCH
GUIDANCE IN TERMS OF HOW MUCH RISK YOU CAN TAKE.
RISK YOU CAN TAKE. >> WHAT ABOUT THOSE WHO ARE
>> WHAT ABOUT THOSE WHO ARE CERTAIN TO CREEP MORE TOWARDS
CERTAIN TO CREEP MORE TOWARDS RETIREMENT?
RETIREMENT? AS THAT GETS TO BE A BIT OF A
AS THAT GETS TO BE A BIT OF A WORRY FOR THEM, WHAT ADVICE
WORRY FOR THEM, WHAT ADVICE WOULD YOU GIVE TO SOMEONE?
WOULD YOU GIVE TO SOMEONE? >> THAT IS A CRITICAL ISSUE
>> THAT IS A CRITICAL ISSUE RIGHT NOW, TO BE HONEST WITH
RIGHT NOW, TO BE HONEST WITH YOU.
YOU. I THINK RETIREES ARE SUFFERING
I THINK RETIREES ARE SUFFERING RIGHT NOW UNDER VERY LOW
RIGHT NOW UNDER VERY LOW INTEREST RATE ENVIRONMENTS AND
INTEREST RATE ENVIRONMENTS AND ALSO THE FACT THAT THE GOOD NEWS
ALSO THE FACT THAT THE GOOD NEWS IS THAT WE'RE ALL LIVING LONGER
IS THAT WE'RE ALL LIVING LONGER AND RETIREMENT NOW IS A 30-YEAR
AND RETIREMENT NOW IS A 30-YEAR PROPOSITION SO WE NEED MAKE SURE
PROPOSITION SO WE NEED MAKE SURE THAT YOUR INVESTMENTS ARE
THAT YOUR INVESTMENTS ARE APPROPRIATELY ALIGNED TO TAKE
APPROPRIATELY ALIGNED TO TAKE YOU THROUGH 20 TO 30 YEARS OF
YOU THROUGH 20 TO 30 YEARS OF RETIREMENT.
RETIREMENT. >> NORTHERN TRUST.
>> NORTHERN TRUST. TELL ME, HOW MUCH OF YOUR
TELL ME, HOW MUCH OF YOUR INVESTMENT IS COMING FROM
INVESTMENT IS COMING FROM INDIVIDUALS AND HOW MUCH OF IT
INDIVIDUALS AND HOW MUCH OF IT IS COMING FROM -- FROM LARGER
IS COMING FROM -- FROM LARGER GROUP INVESTMENTS?
GROUP INVESTMENTS? >> WELL, I WORK FOR THE WEALTH
>> WELL, I WORK FOR THE WEALTH MANAGEMENT AREA OF NORTHERN
MANAGEMENT AREA OF NORTHERN TRUST WHICH IS PREDOMINANTLY THE
TRUST WHICH IS PREDOMINANTLY THE THE INDIVIDUAL INVESTOR AND THE
THE INDIVIDUAL INVESTOR AND THE TAXABLE INVESTOR, WE MANAGE
TAXABLE INVESTOR, WE MANAGE MONEY FOR SMALL FOUNDATIONS AND
MONEY FOR SMALL FOUNDATIONS AND ENDOWMENT PORTFOLIOS.
ENDOWMENT PORTFOLIOS. SO WE DO HAVE A GROWING
SO WE DO HAVE A GROWING INSTITUTIONAL BUSINESS, AS WELL,
INSTITUTIONAL BUSINESS, AS WELL, BUT IT'S STILL A TAXABLE
BUT IT'S STILL A TAXABLE INVESTOR AND FAMILIES.
INVESTOR AND FAMILIES. >> THANK YOU FOR SPEAKING WITH
>> THANK YOU FOR SPEAKING WITH US.
US. >> THANK YOU.
>> THANK YOU.