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The Philip DeFranco Show

PDS 11.4 Apple's $2.5 Billion BOMBSHELL, Shane Dawson Shopify Catastrophe Is A Win, & More

The Philip DeFranco Show

philip defranco

News

4.81000 Ratings

🗓️ 4 November 2019

⏱️ 12 minutes

🧾️ Download transcript

Summary

Happy November! Go to http://www.DropDeFranco.com to get $35 off a comfortable & stylish Peak to Plateau Yakino wool sweater! Check out the latest A Conversation With Jacksfilms!: https://youtu.be/NQ7EoBwjGyI Follow On The Podcast Platform Of Your Choice: http://Anchor.fm/aConversationWith Check out the latest Rogue Rocket Deep Dive: https://youtu.be/WOiRls25Gvg ✩ FOLLOW ME ✩ ✭TWITTER: http://Twitter.com/PhillyD ✭FACEBOOK: http://facebook.com/DeFrancoNation ✭INSTAGRAM: https://instagram.com/phillydefranco/ ✩ SUPPORT THE SHOW ✩ ✭Buy Merch: http://ShopDeFranco.com ✭Lemme Touch Your Hair: http://BeautifulBastard.com ✭Paid Subscription: http://DeFrancoElite.com ✩ TODAY IN AWESOME ✩ ✭ Check out https://phil.chrono.gg/ for 65% OFF “Tangledeep” only available until 9 AM! ✭ Sandbox VR: https://sandboxvr.com/experience/deadwood ✭ Into the Spider-Verse Sequel: https://twitter.com/SpiderVerse/status/1190373194374377472?s=20 ✭ Casually Explained — Cycling: https://youtu.be/5EE8m8mmq1k ✭ 5 Things We Get Still Wrong About Human Reproduction: https://youtu.be/KfNNeRydOug ✭ Putting a Giant Ostrich Egg in a Vacuum Chamber: https://youtu.be/79j9_7yqq9U ✭ Pharrell and Rick Rubin Have an Epic Conversation: https://youtu.be/PnahkJevp64 ✭ John Legend and Chrissy Teigen Take a Lie Detector Test: https://youtu.be/JZj96o9NwhI ✭ Secret Link: https://youtu.be/GzN_DY8t6uk ✩ TODAY’S STORIES ✩ Apple Gives 2.5 Billion to CA Housing Crisis: https://roguerocket.com/2019/11/04/apple-housing-crisis Shane Dawson Accused of Using Tati Westbrook and James Charles Drama as Clickbait: https://twitter.com/TheRogueRocket/status/1191463540177149952?s=20 Toxic Smog Prompts Public Health Emergency in New Delhi: https://roguerocket.com/2019/11/04/new-dehli-toxic-smog/ ✩ MORE NEWS NOT IN TODAY’S SHOW ✩ Oklahoma Commute of More Than 500 Nonviolent Inmates is Largest in U.S. History: https://roguerocket.com/2019/11/04/ok-prisons/ ————————————     Edited by: James Girardier, Julie Goldberg Produced by: Amanda Morones Art Director: Brian Borst Writing/Research: Philip DeFranco, Lili Stenn, Maddie Crichton, Cory Ray, Neena Pesqueda ———————————— #DeFranco #ShaneDawson #Apple ————————————

Transcript

Click on a timestamp to play from that location

0:00.0

Sup ya beautiful bastards. Hope you have a fantastic Monday. Welcome back to the Philip DeFranco Show.

0:05.1

Buckle up, hit that like button and let's just jump into it. And the first thing we're going to talk about today is this news about Apple and California.

0:11.5

This morning Apple announced that they are pledging $2.5 billion to combat the growing housing crisis in California.

0:17.1

And reportedly, that money will break down like this. One billion for an affordable housing investment fund,

0:21.4

which will reportedly be the first of its kind in California,

0:23.7

and allow the state to open lines of credit

0:25.5

for new housing for very low to moderate income residents.

0:28.1

Then another billion will go to a first-time home buyer

0:30.3

mortgage assistance fund,

0:31.4

which will reportedly help with down payment assistance

0:33.5

and provide more opportunities to buy for people

0:35.7

like service personnel, school employees, and veterans.

0:38.5

Apple will also reportedly use $300 million in land that it owns in San Jose available for affordable housing,

0:43.6

and the rest of the money will go to a Bay Area Housing Fund and means to support vulnerable population.

0:48.0

As of right now, the company anticipates that it will take two years for this plan to be utilized.

0:51.9

Also of note, though, is Apple is not the first major tech company to contribute to this ongoing issue. In October we saw Facebook commit $1 billion

0:58.0

to address the housing crisis in California. Earlier this year, Google also pledged a billion

1:01.8

to build homes in the Bay Area. And in fact, even over in Seattle, which is experiencing a

1:05.7

similar crisis, Microsoft pledged $500 million for affordable housing. And so it seems that you have these tech companies lending a helping hand,

1:11.6

the providing aid in a crisis, and also it is important to point out that many also say

1:16.6

was started in the first place by them.

1:18.6

Right, so for those that don't know, housing in California has actually become increasingly

...

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