Boston Globe's Beth Healy on Fuel Assistance
Related Audio:
-
Tami Luhby, CNN MoneyTami Luhby, CNN Money
out there. All my family is out and Antarctica there in -- hockey players all these Bruins players that you love -- -- where you think they're from either from you figure from Massachusetts. What -- -- the American players on the crossed amber is here now so why. Why did you leave. My dad a transfer okay Kampman you'd still be their -- guys that are not facts you'd go back tomorrow -- if you. The problem is I'm not a good enough occupier he it to be. Saskatchewan. Produces more hockey players per capita than any other place in the world to -- a -- paid attention the past couple weeks. But supposedly the number one hockey player in the world it turns out. He's not that Iraqi player you know he is that it is just that the other Canadian playing against -- is a better player. -- birdie is a better player than Sidney Crosby . When he doing and you look at the game of hockey -- get ready looks at the offensive side of hockey chemicals that yet now it's a two -- game you gotta be of the play defense Sidney Crosby can't play defense he sucks and the defense he's he's he's a wimp. And he doesn't play. That's an uncle Chris Chelios . Give me a belt made him but he running each. Is. Like rich rich this is embarrassing to to stop that knowing that Jack and Roenick now. Wage on the island -- got your -- -- these. Players I sound yet I've actually her -- The hall of famers I mean it the best like Bobby or he's from Canada and -- now he's from Saskatchewan. Wayne Gretzky he's from -- In isolating it like that's your national sport that you didn't see any baseball players made it in the -
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
Casey Ross, Boston Globe, on PriceWaterHouseCooper's
right now are taking a look at the waterfront -- the new real estate option. Then moving to a different officers bank put you know they want to establish -- -- exciting new abandoned building and so. The seaports and interest and opportunity that drawing a lot of companies trying to. Why I think I like the financial district to that what's the big attraction of the seaport area you name it may be a mess it's. Poll. It's cheap and it's that's the main thing is that you know right up there looking around at look at okay -- and I moved to and another office building downtown and I stay put. You know that the currently rate or should I mean he moved to the seaport there's a -
Shawn Kravetz, Esplanade Capital
Shawn Kravetz, Esplanade Capital
been and then. We'd like to buy the whole company and then negotiated transaction . Do you own any shares in the company now. We do we heard the second largest outside shareholder. The family owns roughly 90%. Of this company. DE Shaw. Very very large hedge fund in New York City is the largest outside shareholder and we are number two. Why panel why they're why they hesitating to solitude they must feel that the shares are worth Maurizio I think I can conclude. Well. I don't wanna speak for them but I suspect you're right on the money. They had no idea that and they know there's a lot of value there. And I guess they're confident that someday they will get that we would like to help shareholders get that values sooner rather than later. Because. We thought the assets -- well. You made the statement that you feel the -
What's Up On Wall Street - Andy Cinko, Bloomberg News
What's Up On Wall Street - Andy Cinko, Bloomberg News
we asked a question of the day which had to do with Social Security And collect your Social Security for retirement age or are you going to collect literally. 73%. Of Americans collect their Social Security early in the vast majority of cases I think that's a mistake but people do it for any reasons. When I came up with June and I think is a good idea for us to talk about is you know we're sitting here and and and acting all high and mighty. As it relates to this discussion about Social Security in the back the matter is we have access to tremendous resources on this topic whether the courts are now ski. Who worked for the departments of security for 37 years or whether it's Chris Farrell was a reporter for Bloomberg we have access to a lot of data. What I would like to do is make this information on Social Security Tips to maximizing -- worst Social Security benefits I'd like to make it available to our listening. I think it's they I think it's important. You know people refer to it I think some 97 -- as areas of securities of Ponzi scheme this. I disagree with you respectfully -- disagree with you but you know -- more importantly. Please educate yourself on Social Security Call this phone number it's 508591. 5444. Asked for the guide about Social Security tell the I would pay -- wanna learn more about Social Security Barry seems to know a lot you know why I read a -- I studied this stuff every day it's what I do for a living. 5085915444. Is the number you should call. Call them. Tell -- you're listening to the financial exchange and you want to learn more about how he can maximize your benefits. Out of Social Security I think you'll be glad you made the call I know I was glad when I read the report on Social Security Maybe a more informed consumer. 5085915444. Up next Sean Kravitz he's the president of a hedge fund. That has been trying for
Automatically Generated Transcript (may not be 100% accurate)
-- -- -- As to how many people are on fuel assistance in Massachusetts. I don't is their percentage that I should like 10% fifteen I was shocked when -- southern number Beth Healy wrote a story in today's Boston Globe today good morning by the way -- welcome to the show morning thanks. I was shocked 50000 families in Massachusetts receiving fuel assistance. It actually in more than that it's about 200000 Amylin and 50000 of them may actually be running out just there -- to get any more money. Okay all right now how much money has the federal government doled out so far and fuel assistance. So the days. Set aside. -- Massachusetts a 132. Point seven million for this winter. And they haven't spent all of it yet but yet -- to last hole winter. And what's really happening is that folks to use oil leak and the tap out their benefits quickly. Yet we're -- and killed oil prices this winter in yeah I have oil you have oil but I thought aren't terrible and it's like you eat when -- truck pulls up. I don't like I shutter maybe it's it's it's a -- over four dollars again. Ali -- hurts that's used to deter pull way to -- cult like at a 600 dollar bills that. I run downstairs I had two tanks and I've run downstairs to see how much on that'd be again the level they come in April. And if Philadelphia and you really don't need it get paid. Yeah. Well at least it's better to have simple as you if you go in but on out the Massachusetts legislature is -- and -- ticket in some money for a for fuel assistance -- Right so one of the local. Anti poverty agencies that action. For Boston community development AB CD Barack can legislature to put up 21 million which. Apparently they also did last year not legislature. And that is to try to help out and get folks through the rest of the winter who are running through their benefits. What -- what are the limitations like how would woody woody how load as your income have to be. In order to qualify for fuel system. The first family of four. And come up to around 60000. And burn individuals it's around 30000. And there's kind of sliding scale of the benefit. That you can receive. Okay what's the Max. My eleven wonders on the. Yeah the maximum benefit is about 11100 dollars for. For folks getting oil and it's -- 600 area for. But heating electric or gas. I think I saw you guys cover story about the couple weeks ago about you know the EDT cards food stamps and there are a lot of people receiving them that. Yet he was like 50000 summit that that they couldn't find his or any any that any of those games being played with fuel assistance center where world discovered. Interestingly the latest program works is deep. They'd -- agency -- the money directly to the energy company so whether rich or oil company or whether it's one of the utilities yet. There is no ability for people to kind of hang on -- the cash to discuss straight to pay the bill. Okay what about fraudulently. Submitting information go to because I do recall I think you guys covered it last -- -- we had people that. You know we're pretty rich and they are getting fuel assistance like landlords belittled the building we're getting fuel systems. Interstate I mean the way it's supposed to work as yet someone that they here and we exploring your making -- you know 50000. -- -- win and there's been linked these forms that you have to sit down Aaron and sellout at the agency. And then once you've applied and they approved it. Then they go ahead and and pace that's more typically what happens. OK so the eating maybe there's a little less fraud going on. With the fuel assistance program as compared to food stamp program. I'm not aware of a fraud but the fuel assistance program but -- -- your point that you know right there may become Wafer that are. Unscrupulous landlords to work the system. Yeah you know you know you it's like you and -- right where we're sitting there. We we get the cold sweats when the fuel truck drives and I hate to think that people or scam in the system. In in getting it. When they don't really need not. Be at Beth thank you nice job on the story present. As Beth -- reporter over the Boston Globe. Lot of money going out in two assistants to -- it 200000. Families in Massachusetts. That are on fuel systems and -- and actually -- I mean that's that's a lot that's that's more than I thought. If there is a really good story in today's Wall Street Journal. About -- knives I've talked about this before about foreigners coming in and buying a real state in the united it's a threesome aware of it. My sister is in the real estate management business out in Phoenix Arizona now. And she says she's got more Canadian clients because they have tons of oil money now from up in Alberta scandal opportunity and in British Columbia. They're coming down to Phoenix and they're not buying a house they're Brian twenty house. Thirty house in -- forty message yeah foreign buyers are jumping on. Real estate throughout the country it's not -- -- buyers. Well -- now now what you've got -- you've got hedge funds and and private equity firms from places like Australia. Buying our rural states we're gonna talk about that Robbie Whelan. From the Wall Street Journal he's been on the show before he joins us next if there's a bullish indicator for real state this is it stay tuned Robby joins us next on the financial exchange.
