Welcome back to -- showed twelve noon to. Once again. Global warming. And I know talking about global warming in the south is probably switched to them but I'm always sort of the feeling that we journalists you sought -- at least listen what they have today. The sudden there predicting billions and billions of dollars loss primarily to businesses. Bet there are a main focus in the mortgage reaction to report a risky business. And well at the question that that nobody can and intrusive and don't does anybody -- -- That if the US concentrated on alternative energy and pensions. We would increase jobs with the patent with the new product. Worldwide and the economy will improve. While at the same time minimizing. Global warm. It it seems abuse and that -- the boats I would go about the war. I've -- -- have video would be in the house publication from said the room. And it's called for erupted in -- nation's number two and one of the main things they talk about his energy story. The storage room. So rendered an energy through -- synthesis. Which the of people had a -- you learned how to do more of initially. And what it would it would tide solar and stored and -- where you could happen when you did. That that's the kind of technology. I'm talking about. We'll talk to wetlands expert will talk to via communication rector. The -- he business. Report twelve noon. 11 o'clock new home -- shirts all across the country boy. Aruba in the -- placement segments of New Orleans price you're going through the roof. And I'll also look into and International Monetary Fund reports. That are questioning whether. A worldwide. Housing boom could lead to a -- the housing bubble and an obsession. A couple of interesting hours from the 11:1 o'clock that's or how many times and we've done. Show is about certain subjects. And we have heard about the news media including renewed talks whose have -- -- a partisan issue or exaggerated. What they're being tall and without checking on the source. Well look -- added two headlines here one is the reality -- student debt is different from the closures. Noble and says the -- herald an epidemic. That was. There heroines who tortured and talk about 1130 this out over talking about student debt. And the reporter I'm looking two unlucky enough to have the author of the report. A bit of acres of fellow at Brookings institute Bronson room educational policy. Well welcome I'm sure appreciate it call. Sure thanks -- aren't. Burris -- -- -- and says -- deeply indebted college students has become a stock characters. And then natural conversations. The antidotes have created the impression. That such a little boxes student debt or typical but there and talk to -- In this would you. Sure so yeah I don't think there's any seeing. Malicious going on here I think. What's happened is that this debate has really historically just -- not nonfarm I -- a and so we lean on and -- it's because that's what's available and that's what's interesting to people. So the media has focused on net anecdotes and reporting on and people on those types of circumstances up until now. And written were really just trying to inject some -- into this conversation. That looked so good so the numbers correct me if I of these wrong. Only seven president of the younger daughter holds true with the education. Have 50000. Or more of that only. 7%. 58 the broad collar households have less than 101000 dollars and that's 58%. And only 18% at ten to 20000 dollars. So the number of -- whole lot longer the lower -- seeing where. We're seeing numbers constantly reporting that few hundred miles. Yeah that's right I mean a lot of times we're getting stories of borrowers who are facing dire circumstances and immediate as profiles of of their situation and and not attend these borrowers do you have very large stacks. What we've seen in our report and we're not really the first Wednesday saying if either but medium -- -- loudly and and it has in the past that it is that these people. You know are now about to the small minority. And the reason -- mentioned. The media and in the of them to have -- -- troops -- sensitive and included. We do have some responsibility news tried to check on global reporting talkative. And one of the progress to report -- over and it's it's -- the graduates of expensive colleges were struggling to get started on rare. Such graduates make for a good story. And they tend to involve a peer groups of journalists. But history suggests. That's not so. -- Yeah I think that's the case I mean as a said before this discussion hasn't been entirely informed -- -- I'm so you can't blame people for turning to their personal experiences. And experiences of people in their peer group to inform their impression. I'm so I do think that that is in some of what's happened here. Relentlessly tempers break like he -- for a few mormons can come back. And ironically you if you believe the Brookings institute's -- who would choose. Pretty heavy in that field and -- And and and in Dubai what's being said here. You'll probably be surprises say the wrist problem -- vastly bigger problem. But it's not the one we've been talking about. Come right back over -- We're building mini mini mini -- shoves it and I've got to seventeen year old daughters have been. Very tuned everything I've read and seen and heard concerning student loan -- control. Hundreds of thousands of kids -- chips that campaign all -- jobs that can't give. Brookings institute is. Coupled with the new report in the headlines at least through news headlines ones. The reality of student that is different from the pollution days and we have the co author of the report that a secret weapons. A fellow at Brookings institute brown center on education policy. One thing you and read -- via. There's a much bigger problem. The problem student. Isn't nearly. As we thought it blows but a much bigger problem. Explain though. Cher's I think what you're talking about if they don't leave we've sort of pushed back on the notion that. That problems in student that student lending are really widespread and that is to say the majority of borrowers are not eaten in dire circumstances. That have been portrayed in the media. But will we do point out I think is really the take away from this. Is that the emphasis needs to be on those and groups of borrowers who are in distress we need to figure of those people are. He group that is most concern to us at this point is going to be those who who don't get a good financial return from their investment higher education and either because the institution quality doesn't provide them good labor market opportunities after competing. Or perhaps because they don't complete their degree in law. And say this is likely to be a group that's going to be facing -- it. In difficult financial circumstances. In the face -- staggering debt and wanna -- pay closer attention to them in the future. Percentage was Zetterberg small number of people that are. Going into college not giving your degree but getting the death or is suited to a big person. We had a huge problem with completion in this country so. You know I don't have a statistic -- -- -- my -- that an alarming a fraction of people who began decrees don't acts -- complete ban. And it's likely that a lot of people figure out quickly called is not for them and so they take on a semester may be your dad before dropping out. In most cases -- at a community college or public institution. Where again a debt burdens are not enormous but we we we there are certainly circumstances. Are individuals who are facing bad circumstances because of this phenomenon. And one of the answers I think from reading your new report lifting the nation's college graduation rate. Depends -- better more cost effective education rather than merely. Cheaper education. Or are you seeing that end for being practice and where. And -- had ordered the review. I mean I think everyone's focusing on how to improve institution -- a lot of the administration's focus has been on. Creating the appropriate sentence for institutions through provision of additional information to students are making decisions about college. Increasing college accountability. To make sure that student get a good education rather emerald and in -- getting that it plans to return on that huge investment that there are making intuition. And and again one of the surprising factors that are brought in your data. Share of income. That a typical student Federer has to vote to loan payments. There's only mullah marginally higher than was in the 1990s. And so much lower than it was a little late nineteen. Yeah this is really the most striking finding and to be honest with you we were really surprised when. When we first plotted these figures. We we had to check him over and over to natured you know to convince herself that it was true. Basically if you look at median found -- -- of income that people are devoting to be paying their -- has been flat essentially flat over the past two decades. In mean -- even slightly declining. So let it what we're very comfortable saying is that. Them that transitory burden or the month to month burden -- student on that has absolutely not gone up over this period for the typical borrow -- And do the one that surprised me the most. Reducing the burden for people with the most dead is significantly. Lower than it was. Two decades ago. Yes that's right say look at you know with most of the studies focusing on typical borrower so basically if this summer is the middle of the distribution. But even if we look at people who are in the -- here's the people who have. You know it. Payment to income ratio is of about 10%. That the number of people at our declined in that group are declining over time so. And that big they group flat and you know we've got extreme debt burden speaking speaking smaller. Good believe in drug induced big tanker. I tried doing -- reading rooms so a big. To get a handle all moved on whether it's -- lived or those soared seven. And most of what I've seen here what I contracted that. Goes to food to the federal government's data. But in this reported sues the federal government's data all the good acted cured in 2003. So the the evidence doesn't support the notion. That student loan debt. Is is dragging down on the economy. Yes so actually here pointing to you I'm the information. On the relationship between student loan debt and home purchasing. So I studied it's gotten a lot of attention coming out of the New York -- Start to data backing that Annika is back to 2003 nation that homeownership rates heads of households -- of individuals excuse me was to demand that. Have fallen below the rate of homeownership among households. Without stigma and dad I'm so when you look and just -- 2003 this looks like a new trend. And some research I've done an act in concert with the report that not included in the report. And show that this is actually a reversion to an old trend if you look back continue. The ninety's this -- always the case. Window. And I got towards the end of reporting is it mentioned. Boot the college themselves. Or resisting. Attempts to hold them how vulnerable. For public -- dropping out of school not getting an education. Do you see you need change in that and -- it doesn't change. Doesn't the death and receive the numbers are looked at. Among -- also with some college would know bachelor's degree incident that -- have increased from 1141%. -- -- attempt on colleges part to hold themselves accountable to reduce that number. Small camp claim institutions are pushing back. On -- call for more accountability. -- from their perspective they wanna be inundated don't wanna be tied down by regulations. And -- complying with these government standards. That would create accountability. I do you think institutions are working really hard to agree to improve student and can. Do we have that benefited here. Benefiting here in Washington DC a lot of times college officials will come through town and come talk to -- that projects that they are doing on campus. And one of the things we hear over and over is that. Getting students -- it graduating graduate on time as a million top priority adding a lot of institutions are taking it on the south even without. External. Accountability systems. One what is -- doing some public university is devote more true there financially to students who don't need it the most. And that it creates hardship for others. You referencing is the fact that some states have an. -- at these data rather than need be -- so pell grants which at the the primary format creating coming from the federal government. Are designed you know ranks that that the greatest benefit go to students from the lowest income households. I'm staying in actually complex than that because -- -- awarded to students who. Are sometimes depending on the state. Awarded to students who need a particular achievement standard so anyway this is under undermining it tends to redistribute wealth and insure. Equal access to higher education across the the wealth distribution. 11 final question this kind of subjective question. I'm looking -- report which I think it would agreed the public's image a student debt is crisis mode. Worse than it's ever been it's been drug or economy. I think. Your report certainly suggest that that's not true in the war pardon and thought I. There may be another problem that we're not talking about the bigger. Then again this this next half hour. We're gonna talk to entity that's pretty reputable that saying they're there is no youth herald went epidemic. It's more opiate. Looking at an article from the Atlantic magazine. Saying be happy with sugar everything we're being told about sugars probably roll. Here's one from USA today's seven reasons why voters -- report. Here's another one. National Geographic -- thing. Help threatens over BAT's and I and his all of them have been virtually all of them depend upon. How are you convinced people. That that have been called -- branding. These beliefs have been oriented in to us. How do you convince people that nothing else to take a look at true report. And even more importantly convincing them there were kind of going in the wrong right. Well you know we. -- we've been pretty lucky that a lot of people are paying attention to that we're staying here. In fact -- we're getting more attention than he really anticipate on -- issue. We're we're not struggling to it took. Call attention to it I mean I think this is a discussion that was really. Calling for a date a lot of people are often citing the fact that it Padilla and discussion with an apartment -- so I think in in this instance. There was a segment of of the population of people talking about it who were really ready to see this information and that's really what. Brought this to headline. That they give Google thank goodness we're good people like -- in the Brookings Institution. Looking into real details. Thank you so much appreciated the call. Thank you can't take care. Right -- and actually again and we're gonna talk about something you know that contradicts the headlines this may be wrong. Brookings. On the -- we're Gordon and may be on but the veteran forward looking at says. The youth Irwin epidemic and that was not why authorities. In -- plane. About young people are when you come right. -- says what are we could call this or all or -- say why. Now more. First cell power with the Brookings institute daunted fellows. All lips the report sincere about student debt. Dragging down the economy hundreds of thousands students 405800000. Those ballots. Student loans on the table fund jobs on the table two by now home -- into the room living with parents. What they took a look at the numbers said that's not true at all in fact -- so we'll get a whole lot bigger problem. And the big problem is the kids to go to college and don't graduate. And then. Have a -- So once again we're getting into the media and and there are a number of other forces. Better reporting things saying things. Now we all bind because if it's a form rain ending in Europe won't you know -- -- -- short to believe that. I have my adults -- starter doing the numbers this Tuesday a news report on wall and report. Called the headline is the year or when an epidemic. That was not. In this sub headline news. Why authorities in late planes about terror when a good team herald when news. -- Florida I've found in federal government's own data. You group to. Www. CDC government government -- in men W Horry and -- yeah. This was released June 13. By the Centers for Disease Control and Prevention. And it's as terrible and use among your listings. Has decline. From 2011. Where it was only two point 9%. To 2013. Where it's not 2.2 percent. And it's all boys were read things things and I think. In the media world were in there and at the revenue shall talk chosen there -- and you're in the approach partisan. Your own approach project it's you don't know if it's simply. Outline the rule there that it should buy the product listen to shore and watched the the TV so will we go to -- true experts and on the poked fun. Any battery experts and then -- law enforcement against -- -- from -- -- a board member. Who's also former US federal agent Terry in hopes very appreciative I'm very much. Just read news is that wrong is it is whose team news of -- -- actually a little bit. Yeah actually it is that the problem we have right now that the -- of intention is that. And the last five years we've seen a doubling -- when used in the United States. Now that distance teams meet in the -- -- news and United States. Since 2000. Between 2000 and 72012. But it doubled and killers simply 3006 and 69. So used to talk in huge numbers. And course the government also will come that -- that the abuse and mental health services administration. Has -- to double emulated CP says that it one point five million that your office symmetric drug control policy. They played at one point five million chronic futures ended up by the chronic user and has someone uses for pounds a month. So -- it did not credible anymore. And hold itself to me like you to try on these detectives get bigger police budgets. Because they know it's -- -- them -- on whether marijuana important budget it looked like that may finally be that -- -- I mean broken so. Would you say would you say that part again I would really like myself in the listeners to understand which Regis. About 88 money. A lot of people around the good news. Well I'd give an example here in Texas and Texas we have double date passed a law. This says police officers can fight people that have less than four ounces of campus. Yet there are still prosecuting people with less than half of the green on campus but why would you prosecute someone when you can just like in the ticket. Well let's see the government pay you overtime secure member of the drug squad when you go to court the next day testified you get three hours of overtime. So that concept about if you are so they can make the money it's all about the money is not about. You know who was dressed in temperament jail complimentary -- populations. But when you get the police an opportunity to make three hours of overtime. That's a little better happen -- -- checked they're gonna fix that technical work. Is that part of -- Fed's four billion dollar burn and fall and be blind or and he. Well I don't know what's going to -- -- -- you know I'm that I have been out on the view now that won't talk to me. But that's just you know from people remember of drug squad. I don't know folks don't know that that many of these beast that forces stepped it happened. Like if you make a drug the city that -- come out of the -- pocket -- that the government would argue for your overtime that's money that they giving grants to the city. Go to broke an 80%. Out there getting that game. Each student -- -- because they don't want even prosecuted the -- them for less than 500 pounds of marijuana. It on the big board the -- live from wrong. More than pleased. It's Dade police whatever the more BC's. Whether it be building there be par. The more money again. Of course head and neck and that's a violation of intent of the law because of it as a witness says. That the money procedures cannot be used you have to go to the general that you can't be used to -- -- department. But once again they get around the law by doing a federal task forces the federal government. Let's -- visit and get them checked port making music for whatever they want so it's our own law enforcement people that most important law that is circumvent the law just to to enrich themselves. Looks like a first -- for the roads just stroll and his were actually talking about a couple reports a group currently reputable. That they used her when an epidemic. That we've been told about is not an epidemic there is more current use out there. It's not it's hard hitting in the young people who have been told. It's now only between 20112013. And according to the own government's own records it's never been more than two point 9%. To eats it and when we come back let's talk about this is director. Of the Office of National Drug Control Policy. So what we're here about Irwin is -- basically function of media reporting. The real problem. Is all you the prescription. That is coming right back Deborah. A bill in the shows here I'm sure you've read about it soon you've seen on TV that heroin epidemic in particular around young people. Well new government figures those say you -- when. Is not an epidemic in fact among US teens. Users decline in pro in 2011. When it was only two point 9% to 2013. Where it's 2.2 percent. Of conservative course epidemic note and here's the director of the office of national drug. Control policy is quote. That while there was a recent uptick in her over or wouldn't use it's an epidemic. And that all be all -- prescription. Notched -- drugs or the real problem. In the public notion of extent. Harrell went epidemic. That is a function of media reporting. Talked to be experts is what we're doing Terry Nelson law enforcement against prohibition it's called leap. Board member and a former US federal agent. -- ud OP Lloyds when I got this morning and a read a lot of news publications. And one of headlines on its -- trouble in paradise opiate use spiking and Martha vineyard. And it talked about cobra in the country. People talking about -- -- Irwin but OP origin of the real problem. Well yeah what was it could mean that apple met and they you know they want when you wanna keep that they've got appealed for everything that -- -- And here in America we think -- nation that we tech appeal can fix all the problems but -- your arms and ride the biggest problem with. So what is -- converted but I think you know converted to digital form. And -- -- all the important form pharmaceutical companies to keep you in -- drugs in here. And are happy state premier. And secure your doctor but -- is being abused tremendously. All over the East Coast. But it's not talked about -- matches to turn one -- because you know that. The police can't Angela rescued PO prescription for drugs and it's a misdemeanor can call with drugs that don't but you have a prescription for. Whereas the other one -- to -- -- in -- and make a lot money off of these. Are -- at bear with a big Borough along in broad range question. I brought about -- two major. Prison corporations. That he shareholders are -- there. And you report what they say they're concerned about their profit blind because of the possibility of legalization of Merrill wanna. And others talking about it nothing else decriminalizing. Other drugs and they've broadened. Big prisons think of about 24 states. And in their contract and they've require 80%. Occupancy. Over 220 your poker night put that aside. Then you go to a major worldwide -- collect HSBC. That was caught. Multiple times and -- tens of billions of dollars being. Well laundered. Not only for drug cartels in Mexico but port terrorists overseas. Nobody would jailed nobody name named finally they gave them. A -- it and and that was that. Now we've got local stabilized nationwide police forces. Busting people for drugs seizing homes buildings cars so that they can get the money to keep their offices going. I'm -- put all that into one bundle. To have -- Can we believe that when we hear law enforcement -- working hard to reduce crime wouldn't that hurt their bottom line. I think the first -- of the a couple of abrupt and releasing the profit which I call that about marriage. Which which is about how police can just see your money and you -- picking up about a thousand bucks you're going. From -- -- again multiple backed road going to gamble that the -- to keep up your mind and keep it. It's a welcome back you did you did corporate I think -- -- drug money and they get banks to step up match. And for somebody -- -- part about -- and that part of our state is that is that Rondo department out of the third secret money that they rapid decrease the People's Court you -- -- in court. Giving -- -- and -- -- -- can that you can be in court you're gonna get your money back but it's -- college mortified that -- in the first place. So it is just there's something wrong with that drug war and it turned police departments in the predatory criminals after YouTube bad to stop people. Can I let me go to the -- that these back roads and taking money away from home. Without benefit of law -- that's that's that's Todd -- That's brilliant but not from the old school. Before we lose your grip and get -- so it little bad grown and use of federal agents from people who know what we -- talking to an expert. Well I have worked 32 years. In -- department Justice Department and -- a -- 1011 years in the Border Patrol along the border at the top MySpace. And Mexico and central South America worked in the counter drug routes. Who worked in every country in Central America except me one or countries in South America. And throughout the Caribbean bases I was forced to Puerto Rico for awhile. Did the drugs we just never -- westerly probably just far too many -- and when I had been prettier interact when I was working over there president hasn't invited to direct the department border enforcement. Raw raw opium comes across the border on a regular basis people's pockets they nibble on it true that first public encamped and stuff like that. And -- -- troops over in Afghanistan have access to roll him inside their compounds I think we'll have a big problem. They all get home and you know they can maybe someone that looked over the -- you know buying step -- the street. But it's it's. My career is. I've been in this for a long long time. And I biblically than nine years. You know researching and studying how to how to try to get out this may have done. The prohibition not gonna work so we need to change way to fight the war. -- rumored run out of time over which we have few hours to talk to you -- we get to back to a later date. Sure well does -- time any disconnect -- The extra million I think league that is making a big difference -- truth call you bring -- -- Some good news new home sales are surging -- talk about that in the thing -- coming up.