Mark Interviews CNBC Contributor Jake Novak
The Mark Simone Show
iHeartRadio and Mark Simone
4.3 • 696 Ratings
🗓️ 30 March 2023
⏱️ 10 minutes
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| 0:00.0 | Jake Novak, the great columnist, TV executive, you can follow them on Twitter. Jake, Jake, |
| 0:05.4 | and Y at Twitter. Jake Novak, how you doing? I'm doing okay, Mark, but you know, sometimes I hate |
| 0:12.9 | to be right. Sometimes they hate to be right. You know, the last time I was on the show with you, |
| 0:17.6 | I talked about how these rail disasters really could be avoided if we used more pipeline. |
| 0:23.2 | And sure enough, early this morning, we had a terrible derailment in Minnesota, an entire town had to be |
| 0:28.2 | evacuated. And what was that train hauling, ethanol and corn syrup, stuff that could easily |
| 0:33.1 | be used, you know, transported by pipeline. The anti-pipeline policy that we have is just insane. |
| 0:40.0 | It's dangerous. It's clearly a crony capitalism thing. The railroads, I think, have tremendous |
| 0:44.9 | influence in both parties, but particularly with this administration. And it's a shame, you know, |
| 0:50.3 | it really is. They always love to say, Donald Trump can never admit he's wrong. One thing about |
| 0:54.0 | Democrats, when they put in a policy that's causing disaster, boy, they never backtrack, they never admit they're wrong. So I don't, there's no hope that they'll open these pipelines, is there? No, you know, it's not, not now. I mean, it's possible if some, you know, I don't know, maybe the railroads can buy the |
| 1:11.0 | pipeline companies and then they'll do it for them. I don't know what to say, but it's a tough situation. And I guess, I mean, I really wish it didn't happen, but it does prove what I was saying to you last week. That's all I can say. Hey, Jake Novick, a while back we were talking about colleges, the ridiculous, out of control cost, tuition. There's this new thing out to this morning that some colleges will be up to 90,000 and will soon hit 100,000 a year for tuition. What on earth would justify that kind of money? |
| 1:43.0 | Well, it's, a lot of it has to do with sticker price stuff and games that colleges are playing. |
| 1:47.7 | If you remember, I've talked to you a couple of times about how it makes no sense for colleges |
| 1:53.4 | not to charge a crazy sticker price. |
| 1:56.1 | Now, why do they do this? |
| 1:57.7 | They do this because then they can start giving out, you know, scholarships, whether |
| 2:02.9 | they're merit-based or need-based, even if it's just a few thousand dollars here and there. |
| 2:07.4 | And that helps them continue to meet the parameters to be considered a charitable or |
| 2:12.4 | nonprofit organization. And then they can continue to get the tax breaks they have on the real |
| 2:17.0 | big money, which is their endowment and their real estate holdings and things like that. It is such a game. You know, if you are a college student and you're going to a college where the tuition is crazy, or even if it isn't crazy, and you're getting a couple of thousand dollars in financial aid or a financial award. A lot of kids, even rich kids get a little bit of an award like that sometimes. And that means that they're just kind of using a crazy sticker price. They know exactly how much they really want from you, but they want to be able to charge a tremendous amount of money. Now, all of that said, I do believe that a huge amount of the college tuition bubble is starting to burst. Now, it's not bursting for the Harvard, |
| 2:51.3 | Yale, and for instance. They'll be able to charge whatever they want or say they're charging |
... |
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