1 00:00:01,134 --> 00:00:02,903 - (female announcer)   Production funding for 2 00:00:02,903 --> 00:00:05,672 Behind the Headlines   is made possible in part by: 3 00:00:05,672 --> 00:00:08,242 the WKNO Production Fund, 4 00:00:08,242 --> 00:00:10,143 the WKNO Endowment Fund, 5 00:00:10,143 --> 00:00:13,614 and by viewers like you,   thank you. 6 00:00:13,614 --> 00:00:15,115 Memphis Mayor Jim Strickland on his record, 7 00:00:15,115 --> 00:00:17,050 and his run for reelection 8 00:00:17,050 --> 00:00:19,119 tonight on Behind the Headlines. 9 00:00:19,119 --> 00:00:22,856 [dramatic, orchestral music] 10 00:00:36,203 --> 00:00:37,804 I'm Eric Barnes with The Daily Memphian. 11 00:00:37,804 --> 00:00:39,239 Thanks for joining us. 12 00:00:39,239 --> 00:00:41,041 I am joined tonight by Memphis Mayor Jim Strickland, 13 00:00:41,041 --> 00:00:41,909 thanks for being here again. 14 00:00:41,909 --> 00:00:43,010 - Thanks for having me. 15 00:00:43,010 --> 00:00:44,278 - Along with Bill Dries, 16 00:00:44,278 --> 00:00:46,079 reporter with The Daily Memphian. 17 00:00:46,079 --> 00:00:49,016 I should say at the top here, just a note of fairness, 18 00:00:49,016 --> 00:00:51,318 that we had Tami Sawyer, Shelby County Commissioner 19 00:00:51,318 --> 00:00:53,387 and candidate for Mayor on the show two weeks ago. 20 00:00:53,387 --> 00:00:55,289 People can get that on the WKNO website 21 00:00:55,289 --> 00:00:58,358 or download the podcast on dailymemphian.com. 22 00:00:58,358 --> 00:01:00,894 We've also reached out to former Mayor Herenton's campaign 23 00:01:00,894 --> 00:01:02,462 and asked him to be on the show. 24 00:01:02,462 --> 00:01:05,832 They have so far declined to attend. 25 00:01:05,832 --> 00:01:07,568 Thank you for being here, appreciate it. 26 00:01:07,568 --> 00:01:08,835 - Thank you. - As we get close to, 27 00:01:08,835 --> 00:01:10,671 early voting is some weeks away. 28 00:01:10,671 --> 00:01:13,073 - (Strickland) Yes. 29 00:01:13,073 --> 00:01:16,610 - The campaign gets more heated, and two weeks ago 30 00:01:16,610 --> 00:01:18,345 when Tami Sawyer was on the show, 31 00:01:18,345 --> 00:01:20,914 I won't try to go point by point of what she said, 32 00:01:20,914 --> 00:01:22,149 I don't think that's fair, 33 00:01:22,149 --> 00:01:25,852 but she did accuse you of not doing enough, 34 00:01:25,852 --> 00:01:28,722 and I'll paraphrase lightly, to combat racism, 35 00:01:28,722 --> 00:01:31,058 to not use the Office of the Mayor enough, 36 00:01:31,058 --> 00:01:32,859 and strongly enough to combat racism, 37 00:01:32,859 --> 00:01:34,261 and also to combat sexism. 38 00:01:34,261 --> 00:01:36,229 Do you have a response to those accusations? 39 00:01:36,229 --> 00:01:39,232 And she said things to that effect elsewhere. 40 00:01:39,232 --> 00:01:43,870 - Well I think her more pointed comments, 41 00:01:43,870 --> 00:01:45,439 I think you softened 'em up. 42 00:01:45,439 --> 00:01:49,476 Her more pointed comments don't deserve any response. 43 00:01:49,476 --> 00:01:52,312 I let my record stand where it is. 44 00:01:52,312 --> 00:01:56,249 We have an extraordinarily diverse administration. 45 00:01:56,249 --> 00:01:59,252 Fact, we have more women in leadership positions 46 00:01:59,252 --> 00:02:01,421 than city government has ever had before. 47 00:02:01,421 --> 00:02:04,424 I think my record in improving education, 48 00:02:04,424 --> 00:02:07,627 and services to the public for all Memphians 49 00:02:08,829 --> 00:02:12,766 stands on its own, and I think the response I get 50 00:02:12,766 --> 00:02:16,136 throughout the city, people understand that, 51 00:02:16,136 --> 00:02:20,007 and they know that I'm serving everyone equally 52 00:02:20,007 --> 00:02:22,542 and better than they were four years ago. 53 00:02:23,877 --> 00:02:25,746 - Do you, is there a particular onus on you as, 54 00:02:25,746 --> 00:02:28,081 I mean, we are a majority African American city, 55 00:02:28,081 --> 00:02:32,219 majority female city, you are a white male 56 00:02:32,219 --> 00:02:33,620 and I talk about this on the show 57 00:02:33,620 --> 00:02:35,355 and we try to talk about issues of race 58 00:02:35,355 --> 00:02:37,424 and prejudice and so on. 59 00:02:37,424 --> 00:02:40,460 I'm a 51 year old white guy talking about those issues. 60 00:02:40,460 --> 00:02:43,363 Do you feel a particular onus as Mayor of this city 61 00:02:43,363 --> 00:02:46,700 to address those issues because we are a majority black 62 00:02:46,700 --> 00:02:48,235 and a majority female city? 63 00:02:48,235 --> 00:02:50,537 - No I feel an onus on me to better serve the public. 64 00:02:52,005 --> 00:02:53,674 When I took over, we said 65 00:02:53,674 --> 00:02:55,776 we're gonna increase our MWBE spend. 66 00:02:55,776 --> 00:02:58,445 When I took over it was 12% of our contracts, 67 00:02:58,445 --> 00:03:02,783 we're now up to 20%, the all time high for city government, 68 00:03:02,783 --> 00:03:05,886 and we had the largest MWBE project 69 00:03:05,886 --> 00:03:08,588 in the history of the city with $49 million 70 00:03:08,588 --> 00:03:10,924 going to MWBEs at the convention center, 71 00:03:10,924 --> 00:03:12,159 and you know what, 72 00:03:12,159 --> 00:03:14,061 you know what County Commissioner Sawyer's 73 00:03:14,061 --> 00:03:15,996 MWBE number over at the county is? 74 00:03:17,364 --> 00:03:18,832 Three. 75 00:03:18,832 --> 00:03:21,968 3%, and that program is run by County Commissioners. 76 00:03:21,968 --> 00:03:26,706 So this election's about results, not rhetoric, 77 00:03:26,706 --> 00:03:29,709 and the results show we're makin' a difference 78 00:03:29,709 --> 00:03:31,144 and she is not. 79 00:03:31,144 --> 00:03:33,847 - And MWBE stands for, for people not so sure? 80 00:03:33,847 --> 00:03:36,516 - Minority-owned Women-owned Business Enterprise. 81 00:03:36,516 --> 00:03:39,553 - And the $49 million, that project is which one? 82 00:03:39,553 --> 00:03:41,088 - The convention center. - Convention center, okay. 83 00:03:41,088 --> 00:03:41,922 Bill. 84 00:03:43,323 --> 00:03:47,027 - Do you think that the discussion of this 85 00:03:47,027 --> 00:03:49,329 should involve national issues-- - (Stricklnad) No. 86 00:03:49,329 --> 00:03:53,567 - or is this race just about what happens in Memphis? 87 00:03:54,734 --> 00:03:56,303 - It's about what happens in Memphis. 88 00:03:56,303 --> 00:04:01,041 Our challenges in Memphis are great, meaning they're large. 89 00:04:01,041 --> 00:04:03,009 We have real challenges. 90 00:04:03,009 --> 00:04:05,011 The violent crime rate's too high, poverty is 91 00:04:05,011 --> 00:04:09,182 too high, our educational achievement's too low. 92 00:04:09,182 --> 00:04:10,884 We have to unite in Memphis 93 00:04:10,884 --> 00:04:12,853 behind attacking those challenges 94 00:04:12,853 --> 00:04:15,822 and that's what I've done in my 3 1/2 years in Memphis, 95 00:04:15,822 --> 00:04:18,325 as Memphis Mayor, I've united the city 96 00:04:18,325 --> 00:04:21,728 as much as I can to tackle those challenges. 97 00:04:21,728 --> 00:04:24,965 If the public wanted me, or if I wanted 98 00:04:24,965 --> 00:04:27,868 to address national issues, I'd run for Congress. 99 00:04:27,868 --> 00:04:30,337 I'm not runnin' for Congress, I'm tryin' to solve 100 00:04:30,337 --> 00:04:32,939 Memphis problems and serve Memphians better, 101 00:04:32,939 --> 00:04:35,675 and that is a difference 102 00:04:35,675 --> 00:04:39,679 and I think most of Memphis agrees with my position. 103 00:04:39,679 --> 00:04:42,849 To really reduce violent crime 104 00:04:42,849 --> 00:04:45,785 and to increase the educational achievement level 105 00:04:45,785 --> 00:04:47,754 in the city and reduce poverty, 106 00:04:47,754 --> 00:04:52,058 all of us, Democrat, Republican, white, black, 107 00:04:52,058 --> 00:04:56,897 Hispanic, business leader, labor leader, 108 00:04:56,897 --> 00:05:01,668 retired person, Millennial, all need to be behind 109 00:05:01,668 --> 00:05:04,504 increasing that third grade reading level 110 00:05:04,504 --> 00:05:06,239 and driving down violent crime. 111 00:05:06,239 --> 00:05:08,508 Those, if we can do that, 112 00:05:08,508 --> 00:05:10,677 that's how you revolutionize this city, 113 00:05:10,677 --> 00:05:12,712 and that's what we focused on. 114 00:05:12,712 --> 00:05:17,284 - Do you think that there are legitimate differences to be 115 00:05:17,284 --> 00:05:21,288 discussed about, specifically about fighting crime? 116 00:05:21,288 --> 00:05:24,291 Because one of the most profound differences here 117 00:05:24,291 --> 00:05:28,728 is you say more police equals less crime. 118 00:05:28,728 --> 00:05:31,798 Commissioner Sawyer says that she doesn't think 119 00:05:31,798 --> 00:05:33,767 that that's the case, that in fact more police 120 00:05:33,767 --> 00:05:35,735 means more people arrested. 121 00:05:37,370 --> 00:05:40,907 - Well, the more people arrested that are committing crimes. 122 00:05:40,907 --> 00:05:44,611 I mean, that's illogical to me, but that is a difference. 123 00:05:44,611 --> 00:05:47,847 We need more police officers, she says we don't. 124 00:05:47,847 --> 00:05:51,751 Also, Mayor Herenton said when he was faced in 2006 125 00:05:51,751 --> 00:05:55,222 with the highest crime rate the city has ever seen 126 00:05:55,222 --> 00:05:59,459 before or after, he said the next year, runnin' for Mayor, 127 00:05:59,459 --> 00:06:02,195 that there's nothing he or any Mayor in the United States 128 00:06:02,195 --> 00:06:03,763 can do to reduce crime. 129 00:06:03,763 --> 00:06:07,367 So I disagree with both those candidates. 130 00:06:07,367 --> 00:06:09,736 We need more police officers, and there's certainly 131 00:06:09,736 --> 00:06:12,172 what the Mayor can do can help drive down crime. 132 00:06:12,172 --> 00:06:15,208 The Mayor alone can't drive down crime, 133 00:06:15,208 --> 00:06:16,610 but you can make a difference, 134 00:06:16,610 --> 00:06:19,646 so we've increased, shortly after I became Mayor 135 00:06:19,646 --> 00:06:22,115 we dropped down to 1900 officers, 136 00:06:22,115 --> 00:06:24,851 when we had 2400 eight or nine years ago, 137 00:06:24,851 --> 00:06:27,621 we're now over 2000, we're gonna get back 138 00:06:27,621 --> 00:06:29,456 to 2100 later this year, 139 00:06:30,657 --> 00:06:33,293 our goal is to 2300 by the end of 2020. 140 00:06:33,293 --> 00:06:35,795 Everywhere I go people want more officers 141 00:06:35,795 --> 00:06:38,632 patrolling the streets, 'cause the more officers we have, 142 00:06:38,632 --> 00:06:40,433 the more community policing we can do, 143 00:06:40,433 --> 00:06:41,768 the more Blue CRUSH we can do, 144 00:06:41,768 --> 00:06:44,170 the more patrols that we can do, 145 00:06:44,170 --> 00:06:46,373 the more investigative work we can do, 146 00:06:46,373 --> 00:06:48,208 so I'm committed and when we got, 147 00:06:48,208 --> 00:06:52,412 when we were at 2400 officers in 2011, 2012, 148 00:06:52,412 --> 00:06:57,417 that was the recent low of crime in recent memory. 149 00:06:58,718 --> 00:07:01,855 Crime had been reduced from 26% 150 00:07:01,855 --> 00:07:05,525 from the Herenton high of 2006. 151 00:07:05,525 --> 00:07:07,627 - You've been in office 3 1/2 years, 152 00:07:07,627 --> 00:07:11,898 you've added a net approaching 150 it sounds like 153 00:07:11,898 --> 00:07:13,800 based on your numbers for the low of 1900 154 00:07:13,800 --> 00:07:16,336 we're over 2000 now, hope to be at 2100 155 00:07:16,336 --> 00:07:17,837 by the end of the year, okay? - Yes. 156 00:07:17,837 --> 00:07:20,540 - So let's give you the end of the year number which is 200. 157 00:07:20,540 --> 00:07:22,008 Why is it taking so long? 158 00:07:23,143 --> 00:07:24,644 - For a long... - When it has been, 159 00:07:24,644 --> 00:07:26,146 you've talked about it every time you've been on the show, 160 00:07:26,146 --> 00:07:28,381 when you campaigned, why does it take so long to rebuild? 161 00:07:28,381 --> 00:07:29,849 - Two reasons. 162 00:07:29,849 --> 00:07:34,721 Number one, what we inherited was no process 163 00:07:36,089 --> 00:07:38,558 for retaining and recruiting police officers, none. 164 00:07:38,558 --> 00:07:41,928 You had to physically go to a police precinct 165 00:07:41,928 --> 00:07:45,899 and hand write a form to apply to be a police officer. 166 00:07:45,899 --> 00:07:49,436 Well as you know, a 22 year old, they all apply online 167 00:07:49,436 --> 00:07:51,971 and on their phones, and so we had to revamp that. 168 00:07:51,971 --> 00:07:54,808 Then we had to go through a campaign of the Best in Blue, 169 00:07:55,975 --> 00:07:58,111 to really go out there and recruit and market, 170 00:07:58,111 --> 00:08:01,381 and that recruiting and marketing and background checks 171 00:08:01,381 --> 00:08:04,184 and physical tests takes about, took about 6 months, 172 00:08:04,184 --> 00:08:07,620 and then the class itself takes almost 6 months. 173 00:08:07,620 --> 00:08:08,888 That class being the training 174 00:08:08,888 --> 00:08:10,423 - At the Police Academy. 175 00:08:10,423 --> 00:08:11,725 And not everyone makes it through? 176 00:08:11,725 --> 00:08:12,926 - No, I mean-- - Okay. 177 00:08:12,926 --> 00:08:15,562 - I'm guessin' 80% only make it through 178 00:08:15,562 --> 00:08:19,165 because it's tough physically, and academically, 179 00:08:19,165 --> 00:08:21,267 and you have to be able to shoot a gun 180 00:08:21,267 --> 00:08:24,637 so all that, that whole process takes at least a year 181 00:08:24,637 --> 00:08:27,907 in and of itself, now we have shortened that first 6 months 182 00:08:27,907 --> 00:08:31,978 to about 4 months, and the second reason it's tough, 183 00:08:31,978 --> 00:08:34,180 it is tough to be a police officer nowadays, 184 00:08:35,582 --> 00:08:37,751 and every other city is out there tryin' to recruit, 185 00:08:39,252 --> 00:08:42,522 well one other thing, with that low unemployment rate, 186 00:08:42,522 --> 00:08:44,224 young people have other options. 187 00:08:44,224 --> 00:08:46,126 - Well is part of the problem money 188 00:08:46,126 --> 00:08:48,395 and 2 is, is there money in the budget, 189 00:08:50,163 --> 00:08:52,332 if you could get to 2300 immediately 190 00:08:52,332 --> 00:08:53,767 could the city afford that? 191 00:08:53,767 --> 00:08:58,238 - Yes, because our overtime budget would go down 192 00:08:58,238 --> 00:08:59,506 - Okay. 193 00:08:59,506 --> 00:09:00,874 and then that could help pay for those salaries. 194 00:09:00,874 --> 00:09:03,243 Second is, looking back to before 195 00:09:03,243 --> 00:09:05,612 when you were on the Council, City Council 196 00:09:05,612 --> 00:09:09,983 and Mayor Wharton was in, he made and the council made 197 00:09:09,983 --> 00:09:13,853 very deep cuts to benefits 198 00:09:13,853 --> 00:09:17,290 and for city employees, police officers included, 199 00:09:17,290 --> 00:09:19,959 changes to pension, the whole pension reform. 200 00:09:19,959 --> 00:09:21,795 First of all, did you vote for those cuts 201 00:09:21,795 --> 00:09:23,463 as a City Councilperson, and in hindsight 202 00:09:23,463 --> 00:09:25,465 was that vote, wherever use you're on, 203 00:09:25,465 --> 00:09:26,966 was it a mistake? 204 00:09:26,966 --> 00:09:30,770 - No I did vote for it, and even though it was very tough, 205 00:09:30,770 --> 00:09:32,839 and I wish we didn't have to do it, 206 00:09:32,839 --> 00:09:36,509 financially it was required because also remember, 207 00:09:36,509 --> 00:09:39,879 our pension plan per year was underfunded 208 00:09:39,879 --> 00:09:43,516 by about $50 million, it was upside down, 209 00:09:43,516 --> 00:09:45,318 which the underfunding of the pension 210 00:09:45,318 --> 00:09:48,688 started under Mayor Herenton in 2005 or 2006, 211 00:09:48,688 --> 00:09:51,157 so he left us an underfunded pension 212 00:09:51,157 --> 00:09:54,094 and we've had to make up for it, 213 00:09:54,094 --> 00:09:56,830 and those changes to benefits 214 00:09:56,830 --> 00:10:00,400 did contribute in part to the loss of police officers, 215 00:10:00,400 --> 00:10:04,337 but the biggest problem was there was no recruitment effort. 216 00:10:05,538 --> 00:10:08,808 In 2014, zero police officers were hired, 217 00:10:08,808 --> 00:10:12,312 so we had to create a whole mechanism, 218 00:10:12,312 --> 00:10:16,649 an operation from nothing and we have done that. 219 00:10:16,649 --> 00:10:20,386 In fact the Best in Blue campaign is so good now 220 00:10:20,386 --> 00:10:23,723 other cities are starting to copy the marketing. 221 00:10:23,723 --> 00:10:26,025 - In hindsight, just one more and then I'll go back to Bill, 222 00:10:26,025 --> 00:10:28,461 in hindsight though, there was a cost associated 223 00:10:28,461 --> 00:10:29,696 with losing those police officers, 224 00:10:29,696 --> 00:10:31,264 and there was a cost associated 225 00:10:31,264 --> 00:10:33,633 with funding the pension plan 226 00:10:33,633 --> 00:10:35,468 and balancing the budget in a recession, 227 00:10:35,468 --> 00:10:37,871 I mean there were costs but if you look at those costs 228 00:10:37,871 --> 00:10:39,973 there were a lot of police officers left, 229 00:10:39,973 --> 00:10:42,142 the people say that the unions 230 00:10:42,142 --> 00:10:43,476 almost encouraged people to leave-- 231 00:10:43,476 --> 00:10:45,512 - They did. - sort of a protest, 232 00:10:45,512 --> 00:10:49,182 again was that cost worth it given what has been 233 00:10:50,350 --> 00:10:51,618 the reduction in crime fighting efforts, 234 00:10:51,618 --> 00:10:53,753 I mean there's a cost associated there, right? 235 00:10:53,753 --> 00:10:55,321 Let alone the personal harm for people, 236 00:10:55,321 --> 00:10:58,691 but the economic hit, or the perception hit from Memphis, 237 00:10:58,691 --> 00:11:01,027 again was that cost worth it? 238 00:11:01,027 --> 00:11:03,796 I think it was a necessary change, 239 00:11:03,796 --> 00:11:07,133 because our pension, it's easy to brush aside that 240 00:11:07,133 --> 00:11:09,769 but the state passed a law 241 00:11:09,769 --> 00:11:12,805 saying we had to fully fund our annual pension cost. 242 00:11:13,940 --> 00:11:16,609 At the time they passed it, we were putting 243 00:11:16,609 --> 00:11:19,045 about $20 million a year into our pension. 244 00:11:20,180 --> 00:11:23,550 The required payment was $75 million, 245 00:11:23,550 --> 00:11:26,152 so you either raise taxes dramatically 246 00:11:26,152 --> 00:11:30,990 or you cut expenses, and we cut expenses, and we had to. 247 00:11:32,392 --> 00:11:34,327 I wish we didn't have to, I wish Mayor Herenton 248 00:11:34,327 --> 00:11:35,929 hadn't started that ball rolling 249 00:11:35,929 --> 00:11:38,398 by underfunding the pension, but we had to deal 250 00:11:38,398 --> 00:11:41,467 with that problem, and I think we dealt with it 251 00:11:41,467 --> 00:11:44,537 the best way we could, but I think we've gotten over that 252 00:11:44,537 --> 00:11:46,706 and we're now on the upward swing. 253 00:11:46,706 --> 00:11:50,310 If we can, as you pointed out the last two years 254 00:11:50,310 --> 00:11:52,979 we're averaging roughly a net increase of 100, 255 00:11:52,979 --> 00:11:56,182 and we need to amplify that even more. 256 00:11:56,182 --> 00:11:57,650 Bill, about 15 minutes left. 257 00:11:57,650 --> 00:12:02,121 As we record this there is this thing called Project IRIS-- 258 00:12:02,121 --> 00:12:02,922 - Yes! 259 00:12:02,922 --> 00:12:04,390 - which is out there, 260 00:12:04,390 --> 00:12:07,427 which is on the land that Belz Enterprises has 261 00:12:07,427 --> 00:12:12,432 across New Frayser Boulevard from the Nike plant. 262 00:12:13,633 --> 00:12:16,469 You've talked about this in kind of guarded terms 263 00:12:16,469 --> 00:12:19,172 because this goes to the Board of Adjustment 264 00:12:19,172 --> 00:12:22,241 in mid-September, I think. 265 00:12:23,243 --> 00:12:25,511 What does this project mean 266 00:12:25,511 --> 00:12:28,948 for that particular area of the city? 267 00:12:28,948 --> 00:12:31,017 All I can really talk about is the potential 268 00:12:31,017 --> 00:12:33,653 because I don't think it's a done deal, 269 00:12:33,653 --> 00:12:38,024 but the potential is huge for that area. 270 00:12:38,024 --> 00:12:40,293 It's over 3 million square feet, 271 00:12:40,293 --> 00:12:42,061 according to the document they filed 272 00:12:42,061 --> 00:12:43,563 it's over 3 million square feet, 273 00:12:43,563 --> 00:12:47,133 and has over 1800 parking spaces 274 00:12:48,334 --> 00:12:51,404 for we have to presume employees, 275 00:12:51,404 --> 00:12:56,309 so we've worked really hard to bring in business 276 00:12:56,309 --> 00:12:57,810 in all areas of town. 277 00:12:57,810 --> 00:13:00,079 J&J Trucking is a good example off American Way. 278 00:13:00,079 --> 00:13:04,384 700 new jobs right there in an area that had disinvestment. 279 00:13:04,384 --> 00:13:06,352 Frayser, we've worked really hard 280 00:13:06,352 --> 00:13:09,656 to improve the housing stock there, 281 00:13:09,656 --> 00:13:12,158 the last two years for the first time in decades 282 00:13:12,158 --> 00:13:13,626 home values are goin' up. 283 00:13:13,626 --> 00:13:15,862 This would complement it incredibly well, 284 00:13:15,862 --> 00:13:18,631 that we could have a lot of jobs, 285 00:13:18,631 --> 00:13:20,633 a lot of investment there, 286 00:13:20,633 --> 00:13:24,404 and in fact it's relatively close to neighborhoods. 287 00:13:24,404 --> 00:13:27,607 People could actually walk to the work, you know. 288 00:13:27,607 --> 00:13:29,442 I hear a lot of stories about 289 00:13:29,442 --> 00:13:34,347 International Harvester and Firestone, 290 00:13:34,347 --> 00:13:37,350 they helped build the adjoining neighborhoods, 291 00:13:37,350 --> 00:13:39,686 really build up those neighborhoods. 292 00:13:39,686 --> 00:13:41,988 We'd like to do sort of the same thing 293 00:13:41,988 --> 00:13:45,158 and it has huge potential impact. 294 00:13:45,158 --> 00:13:47,460 - Are these distribution jobs? 295 00:13:47,460 --> 00:13:49,362 - I can't confirm any of that. 296 00:13:49,362 --> 00:13:51,798 I can only confirm what's in the document. 297 00:13:53,132 --> 00:13:56,102 We have marketed this property before 298 00:13:56,102 --> 00:14:00,907 and one thing I think I've changed about city government 299 00:14:00,907 --> 00:14:03,209 is I'm personally involved in economic development, 300 00:14:03,209 --> 00:14:05,144 trying to push it, taking property 301 00:14:05,144 --> 00:14:06,813 and really actively trying to sell it 302 00:14:06,813 --> 00:14:10,616 with the cooperation of the private sector and the Chamber, 303 00:14:10,616 --> 00:14:12,985 so we have marketed this property before, 304 00:14:12,985 --> 00:14:15,421 hopefully this one actually happens. 305 00:14:15,421 --> 00:14:17,490 - The reason I mention the distribution jobs 306 00:14:17,490 --> 00:14:21,627 is because County Mayor Lee Harris has talked about 307 00:14:21,627 --> 00:14:24,731 some jobs that, in distribution and logistics 308 00:14:24,731 --> 00:14:27,233 are a mainstay of the Memphis economy, 309 00:14:27,233 --> 00:14:29,001 he's talked about some of those jobs 310 00:14:29,001 --> 00:14:32,872 becoming obsolete because of automation. 311 00:14:32,872 --> 00:14:37,610 Do you have concerns about our reliance on distribution 312 00:14:37,610 --> 00:14:38,511 for that reason? 313 00:14:38,511 --> 00:14:39,912 - In part, I mean yeah. 314 00:14:41,314 --> 00:14:42,915 Every mayor should be concerned about automation 315 00:14:42,915 --> 00:14:44,917 no matter what your industry is, and that's why Memphis 316 00:14:44,917 --> 00:14:49,655 and Tennessee is so uniquely situated 317 00:14:49,655 --> 00:14:52,892 with the free tech school and the free community college, 318 00:14:52,892 --> 00:14:57,296 which then Senator Harris supported and voted for 319 00:14:57,296 --> 00:14:59,232 gives us a unique opportunity 320 00:14:59,232 --> 00:15:03,236 because if you were better trained for a job today 321 00:15:03,236 --> 00:15:04,837 you are more likely to be able 322 00:15:04,837 --> 00:15:09,208 to evolve into the new industry. 323 00:15:09,208 --> 00:15:11,744 You know I often brag about airplane mechanics, 324 00:15:11,744 --> 00:15:14,914 you can get a degree, or certificate from the TCAT, 325 00:15:14,914 --> 00:15:16,749 Tennessee College of Applied Technology, 326 00:15:16,749 --> 00:15:19,652 for free in Memphis, it takes 18 months, 327 00:15:19,652 --> 00:15:22,855 and people our age think of an airplane mechanic 328 00:15:22,855 --> 00:15:24,524 with a tool-belt and wrench. 329 00:15:24,524 --> 00:15:27,260 It's very computer driven, 330 00:15:27,260 --> 00:15:30,730 so if you can be an airplane mechanic, 331 00:15:30,730 --> 00:15:33,966 or a machinist building hip implants 332 00:15:33,966 --> 00:15:36,669 and starting at Smith & Nephew at $19.50 an hour, 333 00:15:36,669 --> 00:15:39,372 if that industry changes and evolves 334 00:15:39,372 --> 00:15:42,408 you are more likely to be able to get more educated 335 00:15:42,408 --> 00:15:44,477 or evolve with those changes, 336 00:15:44,477 --> 00:15:47,113 so that's why Tennessee, that's why I'm optimistic 337 00:15:47,113 --> 00:15:49,048 about the future of Memphis and that we can, 338 00:15:49,048 --> 00:15:52,418 we can accelerate this momentum that we have with this gift, 339 00:15:52,418 --> 00:15:54,587 we're the only state in the country with this. 340 00:15:55,888 --> 00:15:57,456 - Bill mentioned Project IRIS, 341 00:15:57,456 --> 00:15:59,659 and over the years, back to when you were in Council, 342 00:15:59,659 --> 00:16:01,460 since you've been Mayor projects come in 343 00:16:01,460 --> 00:16:04,430 so, you know, FedEx Logistics is moving downtown, 344 00:16:04,430 --> 00:16:06,165 ServiceMaster has moved downtown, 345 00:16:06,165 --> 00:16:09,001 other warehouse, distribution, different types of jobs, 346 00:16:09,001 --> 00:16:11,571 Indigo Ag which is a high tech employer downtown, 347 00:16:11,571 --> 00:16:14,207 all those I am 99% sure, 348 00:16:14,207 --> 00:16:16,475 all of those have involved incentives of some sort, 349 00:16:16,475 --> 00:16:19,378 and critics of your administration will say 350 00:16:19,378 --> 00:16:21,013 the city has the wrong priorities. 351 00:16:21,013 --> 00:16:24,684 They're giving away taxes to corporations 352 00:16:24,684 --> 00:16:27,220 when they should be spending money on crime, 353 00:16:27,220 --> 00:16:29,455 or on education, or on services, 354 00:16:29,455 --> 00:16:31,190 and so if you look at your record, 355 00:16:31,190 --> 00:16:33,192 and we'll just stay with the 3 1/2 years as Mayor, 356 00:16:33,192 --> 00:16:35,761 are you comfortable that the incentive packages 357 00:16:35,761 --> 00:16:37,897 and the tax breaks given out to these companies 358 00:16:37,897 --> 00:16:39,966 have been to the benefit of Memphis? 359 00:16:39,966 --> 00:16:41,968 - 100%. 24,000 more Memphians 360 00:16:41,968 --> 00:16:45,838 are working now than 3 1/2 years ago. 361 00:16:45,838 --> 00:16:50,843 2400, and for someone to suggest that we should pause? 362 00:16:51,711 --> 00:16:53,546 No, we should accelerate. 363 00:16:53,546 --> 00:16:57,516 Very few of those incentives have involved cash. 364 00:16:57,516 --> 00:16:59,952 What they are is reduced property taxes, 365 00:16:59,952 --> 00:17:03,089 and most of them involve, 366 00:17:03,089 --> 00:17:07,260 we're receiving more taxes during the PILOT 367 00:17:07,260 --> 00:17:09,195 than we received before, think about it, 368 00:17:09,195 --> 00:17:11,163 Union Row is a perfect example. 369 00:17:11,163 --> 00:17:13,399 That's a mostly blighted piece of property 370 00:17:13,399 --> 00:17:16,936 that's getting very little property taxes, very little. 371 00:17:16,936 --> 00:17:18,838 When they put an office tower there, 372 00:17:18,838 --> 00:17:22,475 the property values would go up and the taxes would go up, 373 00:17:22,475 --> 00:17:24,343 but they're not gonna pay those taxes 374 00:17:24,343 --> 00:17:27,446 'cause any other city, or any other state's gonna let 'em 375 00:17:27,446 --> 00:17:30,383 get a reduction, so we give 'em a reduction to here, 376 00:17:30,383 --> 00:17:33,019 which is still higher than the taxes they're paying, 377 00:17:33,019 --> 00:17:36,956 so it's misinformation that's being spent, put out there. 378 00:17:36,956 --> 00:17:38,791 We're getting more tax dollars, 379 00:17:38,791 --> 00:17:41,294 we're getting more jobs, and we're cleaning up blight. 380 00:17:41,294 --> 00:17:44,597 We've gotta keep our foot to the pedal 381 00:17:44,597 --> 00:17:46,098 and accelerate this momentum. 382 00:17:46,098 --> 00:17:48,668 - You say, talk about taxes, there's a sales tax referendum 383 00:17:48,668 --> 00:17:51,370 on the ballot this time that would dedicate... 384 00:17:51,370 --> 00:17:53,039 It's a little complicated but the gist of it, 385 00:17:53,039 --> 00:17:54,807 the intent of it is to dedicate 386 00:17:54,807 --> 00:17:57,076 that quarter point in the sales tax 387 00:17:57,076 --> 00:17:59,645 to fire, police... 388 00:17:59,645 --> 00:18:01,247 why do I do this without Bill's help? 389 00:18:01,247 --> 00:18:02,915 - Fire and police benefits. - Thank you, Bill. 390 00:18:02,915 --> 00:18:04,250 Are you in favor of that referendum? 391 00:18:04,250 --> 00:18:05,851 - I'm not gonna take a position on it. 392 00:18:05,851 --> 00:18:07,086 I'm not gonna endorse it 393 00:18:07,086 --> 00:18:09,322 in any Council race or judge's races, 394 00:18:09,322 --> 00:18:11,891 and I'm not gonna take any position on that. 395 00:18:11,891 --> 00:18:13,993 We did do an analysis, we hired someone 396 00:18:13,993 --> 00:18:16,362 to do an analysis and gave that to the Council 397 00:18:16,362 --> 00:18:19,732 a week or so ago on the cost and the revenue of it. 398 00:18:21,801 --> 00:18:23,636 I'm worried about my race. 399 00:18:23,636 --> 00:18:26,906 Even though it's not legally binding, 400 00:18:26,906 --> 00:18:29,542 if it passes and I'm Mayor 401 00:18:29,542 --> 00:18:31,544 I will fulfill the intent of the voters. 402 00:18:31,544 --> 00:18:32,378 - On the agreement, okay. 403 00:18:32,378 --> 00:18:33,579 - Bill, go ahead. 404 00:18:33,579 --> 00:18:36,415 - If it passes and if you're reelected 405 00:18:36,415 --> 00:18:41,354 does it complicate the first budget of your second term? 406 00:18:41,354 --> 00:18:43,022 - I don't believe it does. 407 00:18:43,022 --> 00:18:46,959 I believe for the first budget for sure, 408 00:18:46,959 --> 00:18:49,061 the revenue is higher than the expense. 409 00:18:49,061 --> 00:18:50,296 - Okay. 410 00:18:50,296 --> 00:18:52,932 There's been a whole other discussion 411 00:18:52,932 --> 00:18:55,201 about funding for Shelby County schools. 412 00:18:56,569 --> 00:19:00,239 In a second Strickland term, would there be a move 413 00:19:00,239 --> 00:19:03,509 for the city to directly fund Shelby County schools 414 00:19:03,509 --> 00:19:05,578 in some kind of ongoing way 415 00:19:05,578 --> 00:19:07,213 beyond what the city is doing now 416 00:19:07,213 --> 00:19:10,249 with Pre-K and other education initiatives? 417 00:19:10,249 --> 00:19:12,084 - Well let's not roll over Pre-K. 418 00:19:12,084 --> 00:19:15,888 That is revolutionary what we've been able to do. 419 00:19:15,888 --> 00:19:17,857 Couple years ago with Mayor Luttrell 420 00:19:17,857 --> 00:19:20,659 and Superintendent Hopson, we created 421 00:19:20,659 --> 00:19:22,662 and Mayor Harris has joined in, 422 00:19:22,662 --> 00:19:25,998 we created universal needs based Pre-K 423 00:19:25,998 --> 00:19:28,567 for the first time ever in the city, 424 00:19:28,567 --> 00:19:30,269 let's not roll over that. 425 00:19:30,269 --> 00:19:33,639 Quality Pre-K, followed by quality K through 3, 426 00:19:33,639 --> 00:19:35,374 which the schools are really workin' on, 427 00:19:35,374 --> 00:19:39,211 can revolutionize this city, so instead of 25% roughly 428 00:19:39,211 --> 00:19:41,414 of third graders reading at third grade level, 429 00:19:41,414 --> 00:19:46,018 let's get up to 75% and so many of our problems disappear, 430 00:19:46,018 --> 00:19:49,522 so we've really focused on early childhood literacy. 431 00:19:50,690 --> 00:19:53,526 The challenge with funding anything new 432 00:19:53,526 --> 00:19:55,261 is where does the money come from? 433 00:19:55,261 --> 00:19:57,096 As you know our budget only increases 434 00:19:57,096 --> 00:19:58,831 by about $10 million a year. 435 00:19:59,932 --> 00:20:02,334 A 1% raise for every city employee 436 00:20:03,736 --> 00:20:06,038 is about $4 1/2 million. 437 00:20:06,038 --> 00:20:08,541 Insurance costs go up, so that $10 million, 438 00:20:08,541 --> 00:20:09,942 and we have to fund, 439 00:20:09,942 --> 00:20:12,311 we're looking for more funding for transit, 440 00:20:12,311 --> 00:20:15,815 so there's limited amount of money. 441 00:20:15,815 --> 00:20:18,717 Anyone promising significant more money 442 00:20:18,717 --> 00:20:21,787 to Shelby County schools out of the city budget, 443 00:20:21,787 --> 00:20:23,289 you better hold on to your wallet. 444 00:20:23,289 --> 00:20:26,225 There's gonna be a big tax increase comin' to do that. 445 00:20:26,225 --> 00:20:28,260 - Is the tax, I had asked Commissioner Sawyer 446 00:20:28,260 --> 00:20:29,729 who was on the show two weeks ago 447 00:20:29,729 --> 00:20:31,330 and I should say it's available online, 448 00:20:31,330 --> 00:20:32,798 and we've reached out, I should repeat, 449 00:20:32,798 --> 00:20:34,900 to Mayor Herenton's campaign to have him on the show, 450 00:20:34,900 --> 00:20:36,368 he's so far declined, 451 00:20:36,368 --> 00:20:39,605 but she said that tax increases were on the table 452 00:20:39,605 --> 00:20:42,875 and if you win reelection, are tax increases on the table? 453 00:20:42,875 --> 00:20:45,878 - I've never taken a no tax pledge, 454 00:20:45,878 --> 00:20:48,347 although in my 8 years on the Council 455 00:20:48,347 --> 00:20:51,951 and 3 1/2 years, we've not proposed 456 00:20:51,951 --> 00:20:53,519 a property tax increase. 457 00:20:53,519 --> 00:20:58,057 The reason is our property tax rate is already higher 458 00:20:58,057 --> 00:20:59,592 than anywhere else in the state, 459 00:20:59,592 --> 00:21:02,261 our combined city county tax rate, dramatically higher 460 00:21:02,261 --> 00:21:05,264 and I think that retards any kind of growth 461 00:21:05,264 --> 00:21:06,532 in business and population 462 00:21:06,532 --> 00:21:09,935 so we've gotta try to keep the line on that. 463 00:21:09,935 --> 00:21:13,639 Now I will never say never, but I think 464 00:21:13,639 --> 00:21:16,208 we oughta do everything we can to avoid that. 465 00:21:16,208 --> 00:21:17,710 Population growth, as you know, 466 00:21:17,710 --> 00:21:19,645 I think is our number one challenge. 467 00:21:19,645 --> 00:21:21,147 We're trying to grow our city, 468 00:21:21,147 --> 00:21:22,882 and raising our taxes 469 00:21:22,882 --> 00:21:25,484 so much higher than our suburban cities, 470 00:21:25,484 --> 00:21:29,155 or Nashville which we're at least 50% higher, 471 00:21:29,155 --> 00:21:30,623 that hurts us. 472 00:21:30,623 --> 00:21:33,325 - But could you find the money by changing priorities, 473 00:21:33,325 --> 00:21:36,929 and do you feel like there is a way 474 00:21:36,929 --> 00:21:38,497 to change priorities in your budget 475 00:21:38,497 --> 00:21:40,799 or are the priorities where you want them? 476 00:21:40,799 --> 00:21:42,301 - Oh the priorities... 477 00:21:42,301 --> 00:21:45,337 What we've done is we've focused on public safety, 478 00:21:45,337 --> 00:21:46,806 and intervention with kids 479 00:21:46,806 --> 00:21:48,774 doing more in our libraries, community centers, 480 00:21:48,774 --> 00:21:51,577 summer camps, summer jobs programs, 481 00:21:51,577 --> 00:21:56,248 that's what we've focused on, and with roads and transit. 482 00:21:56,248 --> 00:21:58,651 Those are the priorities we have. 483 00:21:58,651 --> 00:22:02,354 The county could give more to schools. 484 00:22:02,354 --> 00:22:06,025 In fact, the budget that Commissioner Sawyer voted for 485 00:22:06,025 --> 00:22:08,494 cut the Shelby County schools' request for money 486 00:22:08,494 --> 00:22:09,728 by $26 million. 487 00:22:10,896 --> 00:22:14,800 They asked her for more money and she said no. 488 00:22:14,800 --> 00:22:18,037 Again this is about results, not rhetoric. 489 00:22:18,037 --> 00:22:20,606 Let's look at the results of what you do, 490 00:22:20,606 --> 00:22:22,441 not what you're gonna promise. 491 00:22:22,441 --> 00:22:25,444 You know, she could have funded schools 492 00:22:25,444 --> 00:22:29,215 over on the county side, and she didn't. 493 00:22:29,215 --> 00:22:30,816 - Look, we're talking about spending 494 00:22:30,816 --> 00:22:32,151 and taxes and priorities. 495 00:22:32,151 --> 00:22:33,986 Tom Lee Park, and the riverfront, 496 00:22:33,986 --> 00:22:35,888 there's a $70 million proposal 497 00:22:35,888 --> 00:22:40,893 for a completely transformed Tom Lee Park, the cobblestones, 498 00:22:42,261 --> 00:22:43,529 that's in mediation right now to some extent. 499 00:22:43,529 --> 00:22:45,731 We'll talk about that, but is it appropriate 500 00:22:45,731 --> 00:22:48,968 for that $70 million to be a priority? 501 00:22:48,968 --> 00:22:51,003 Critics of that proposal will say, 502 00:22:51,003 --> 00:22:52,471 why aren't we putting that money towards police? 503 00:22:52,471 --> 00:22:54,607 What aren't we putting that money towards schools, 504 00:22:54,607 --> 00:22:57,109 to other priorities that we've talked about today? 505 00:22:57,109 --> 00:22:59,078 Why is that such a priority for your administration? 506 00:22:59,078 --> 00:23:02,014 - I'm sure The Daily Memphian has pointed out the fact 507 00:23:02,014 --> 00:23:04,383 that those funds cannot be used for that, 508 00:23:04,383 --> 00:23:06,051 or at least I hope y'all have. 509 00:23:06,051 --> 00:23:10,823 Don't just repeat false information, correct it. 510 00:23:10,823 --> 00:23:12,091 - We have written that. 511 00:23:12,091 --> 00:23:13,425 - The city... 512 00:23:13,425 --> 00:23:14,860 - And I'm sure you've heard this criticism 513 00:23:14,860 --> 00:23:16,395 - but the question doesn't reflect that. 514 00:23:16,395 --> 00:23:18,197 - No no no, but I mean look you gotta ask the question 515 00:23:18,197 --> 00:23:19,665 that this is what people come out and say, 516 00:23:19,665 --> 00:23:20,899 and they come out and say that 517 00:23:20,899 --> 00:23:22,067 and they wanna know how you respond to it. 518 00:23:22,067 --> 00:23:23,335 - It's a false narrative. 519 00:23:24,536 --> 00:23:26,205 The money that the city's putting in 520 00:23:26,205 --> 00:23:30,142 is basically state sales taxes generated downtown 521 00:23:30,142 --> 00:23:33,679 that are limited by the Tourist Development Zone 522 00:23:33,679 --> 00:23:38,417 by law to tourist attractions, which is where the money went 523 00:23:38,417 --> 00:23:41,754 for the pyramid for Bass Pro, 524 00:23:41,754 --> 00:23:43,522 money for the convention center, 525 00:23:43,522 --> 00:23:45,557 and money for improving the riverfront 526 00:23:45,557 --> 00:23:47,993 because that's a tourist... 527 00:23:47,993 --> 00:23:49,261 could be a tourist destination 528 00:23:49,261 --> 00:23:51,063 which other riverfronts have shown, 529 00:23:51,063 --> 00:23:53,332 so that money, one time money, 530 00:23:53,332 --> 00:23:56,035 could not be used repeatedly for police and fire. 531 00:23:56,035 --> 00:23:59,071 - The other money is being privately raised. 532 00:23:59,071 --> 00:24:01,874 And about that, you came out a couple weeks ago, 533 00:24:01,874 --> 00:24:03,342 the party, the Memphis in May, 534 00:24:03,342 --> 00:24:06,412 and the Memphis River Parks Partnership, 535 00:24:06,412 --> 00:24:08,981 formerly RDC, have been in mediation. 536 00:24:08,981 --> 00:24:10,416 In the midst of that mediation, 537 00:24:10,416 --> 00:24:12,651 you came out with a statement that this is mediating, 538 00:24:12,651 --> 00:24:14,753 effectively, I'll paraphrase what you said, 539 00:24:14,753 --> 00:24:17,122 this is simply mediating how Memphis in May 540 00:24:17,122 --> 00:24:19,558 stays in the park, not whether it stays in the park, 541 00:24:19,558 --> 00:24:22,561 and prior to that a lot of people, people on the show, 542 00:24:22,561 --> 00:24:24,496 people who wrote guest columns in The Daily Memphian 543 00:24:24,496 --> 00:24:26,999 and in elsewhere, were saying this is all about 544 00:24:26,999 --> 00:24:29,168 booting Memphis in May off the riverfront. 545 00:24:29,168 --> 00:24:31,870 Was that ever a possibility to you? 546 00:24:31,870 --> 00:24:33,138 - (Strickland) No, in fact I-- 547 00:24:33,138 --> 00:24:35,274 - But, so where did that narrative come from 548 00:24:35,274 --> 00:24:36,508 and let me put it this way, 549 00:24:36,508 --> 00:24:38,711 did mediation hurt the public discourse 550 00:24:38,711 --> 00:24:41,480 because we couldn't have Carol Coletta on the show 551 00:24:41,480 --> 00:24:43,148 and talk about the details of it. 552 00:24:43,148 --> 00:24:44,817 We can't have Jim Holt on the show 553 00:24:44,817 --> 00:24:45,918 and talk about the details. 554 00:24:45,918 --> 00:24:47,152 You all are somewhat limited, 555 00:24:47,152 --> 00:24:49,655 and so all these sort of stories get out there 556 00:24:49,655 --> 00:24:51,557 because of the silence around mediation. 557 00:24:51,557 --> 00:24:53,826 - Again, all this is driven by, 558 00:24:53,826 --> 00:24:55,861 a lot of it's driven by social media, 559 00:24:55,861 --> 00:24:58,263 and I don't know if, this may be shocking to you, 560 00:24:58,263 --> 00:24:59,498 [Eric chuckles] 561 00:24:59,498 --> 00:25:01,033 everything on social media is not true. 562 00:25:01,033 --> 00:25:04,069 I said from the get go, if you go back to my original quotes 563 00:25:04,069 --> 00:25:07,239 they said, "We want a better Memphis in May in the park 564 00:25:07,239 --> 00:25:09,375 "one month a year, and a better park 565 00:25:09,375 --> 00:25:11,310 the other 11 months of the year." 566 00:25:11,310 --> 00:25:14,012 What I put in writing, people acted 567 00:25:14,012 --> 00:25:16,548 like it was breaking news but it was really no different 568 00:25:16,548 --> 00:25:18,417 from whatever I said. 569 00:25:18,417 --> 00:25:19,952 - With 45 seconds here, 570 00:25:21,153 --> 00:25:23,422 why not redevelop other parts of the riverfront? 571 00:25:23,422 --> 00:25:24,990 A lot of people point to Mud Island, 572 00:25:24,990 --> 00:25:26,525 people point to MLK. 573 00:25:26,525 --> 00:25:29,695 I mean is this money, the TDZ money a one time shot 574 00:25:29,695 --> 00:25:32,698 that we're using it all on Tom Lee, 575 00:25:32,698 --> 00:25:36,301 and leaving other things in their less than perfect state? 576 00:25:37,736 --> 00:25:40,305 - Well, you haven't been to MLK Park in a long time. 577 00:25:40,305 --> 00:25:41,473 - Yeah. 578 00:25:41,473 --> 00:25:43,842 - MLK park is in really nice condition, 579 00:25:43,842 --> 00:25:45,677 in fact it's underutilized, 580 00:25:47,146 --> 00:25:50,549 but there are plans for those two parks and those two areas 581 00:25:53,352 --> 00:25:57,189 so you just gotta take, we cannot fix every, 582 00:25:57,189 --> 00:26:00,526 we can't put $50 million into every single park. 583 00:26:00,526 --> 00:26:02,394 Tom Lee is used most, 584 00:26:02,394 --> 00:26:04,062 and that's where most of the money's goin'. 585 00:26:04,062 --> 00:26:05,998 - Are you gonna do any debates? 586 00:26:05,998 --> 00:26:08,867 - When Mayor Herenton changes his mind, 587 00:26:08,867 --> 00:26:11,170 and will agree to a debate I'll be happy to join. 588 00:26:11,170 --> 00:26:12,704 - All right, thank you for being here, I appreciate it. 589 00:26:12,704 --> 00:26:13,639 - Thank you. - Thank you, Bill. 590 00:26:13,639 --> 00:26:16,842 Thank you for joining us. Join us again next week. 591 00:26:16,842 --> 00:26:20,579 [dramatic, orchestral music] 592 00:26:26,819 --> 00:26:28,821 [acoustic guitar chords]