Youtube daily Dec 21 2018

-Oh, God!

Michael, what did you do?

-My name is Todd May.

I teach philosophy at Clemson University.

I've been teaching philosophy for about 30 years.

Utilitarian philosophy goes back a couple hundred years.

Probably the first person really associated with it

is an 18th-century thinker named Jeremy Bentham.

And it goes up through John Stuart Mill,

and it's still very big

in philosophy. -Cool.

-It's all about the consequences of what you do.

It's not about what you intend, it's not about following rules.

It's about whatever your action is,

the world should be a little bit better off

when you're done with that action

than when you started.

For Bentham, it's all a matter of

introducing more pleasure into the world

than was there before.

It's all a matter of suffering and pleasure.

-Huh.

-The problem is, for a lot of folks,

it isn't just about how much pleasure you can get.

Let's suppose that I could design

a pleasure machine for you.

You go into the machine,

you feel nothing but pleasure

for the rest of your life.

You won't be doing anything, but it's gonna feel great.

Here's the proviso --

if you go into that machine,

you can't come back out.

You decide once and for all --

would you take the machine?

And not many people would take it.

-Really? Huh.

-When I teach in prisons,

one of my classes is a group of lifers.

Right, they're not going anywhere.

They're gonna be in that maximum-security prison

for the rest of their lives.

And I've posed the question to them.

I had 15 people, and I said,

"Would you take that machine?"

14 of them said no.

All right, because for all of them,

there has to be more to life than just generating pleasure.

-This is so interesting!

-You can think of utilitarians

as not necessarily being about pleasure.

We can think, say, of happiness, right, as a broader category.

What binds all these together is that for the utilitarian,

it's the consequences that count.

Alright? It's not how you get there.

It's where you wind up.

-I think I'm really starting to get it.

-The trolley problem is one of the classic places

where people think about utilitarianism

and think about whether or not we ought to be utilitarian.

-You are driving a trolley, and on the track ahead of you

are five workmen that you will run over.

Now, you can steer to another track,

but on that track is one person you would kill

instead of the five.

What do you do?

-Some people think of the trolley problem

as a way of defending utilitarianism.

"Look, if you got to kill one person to save five,

that's what you ought to do".

So, in one scene, Chidi is running the trolley.

-There are five workers on this track

and one over there. Make a choice.

-Quick, Chidi, what's your decision?!

-I am choosing to switch tracks

so that way, I only kill one person.

-But in some ways -- and the show brings this out --

it's a way of illustrating

some of the problems of utilitarianism.

In another scene, which comes from philosophy,

instead of running over one person to save five,

the question is, "Do you find a healthy person

and carve them up in order to use their organs,

each one for a different operation?"

-Dude, what the fork?

-These five people all need organ transplants

or they will die.

Eleanor's perfectly healthy.

Chidi, do you want to slice her open

and use her organs to save the five sick people?

-People who are willing to throw the switch

to kill the one to save the five in the trolley problem

generally are not gonna say yeah, it's okay

to go out in the street and kill one person

or harvest their organs to save five other lives.

-Although five people will die,

I cannot harm one innocent person to save them.

It's unethical.

-But then the question becomes

"What's the difference?"

Utilitarian's gonna say

it's the same problem, should have the same answer.

But, right, what Chidi begins to recognize in that

actually may not be the same problem

for reasons that are difficult to say.

One seems obvious to do, and the other seems obvious not to do.

And for Chidi, this becomes

a very difficult thing to sort out.

-Oh, come on!

-For Jason, I guess the question is

"What would Blake Bortles do?"

-Jacksonville Jaguars rule!

-But for Chidi,

he's got to think philosophically about this.

-Why don't you just tell me the right answer?

-I would say that there may be contradictory right answers.

That is to say, it's probably at least okay and maybe right

to throw the switch,

and it's not okay to carve up the one to save the five.

But if you ask me,

"Yeah, what's the difference?",

I don't know what to tell you.

-Well, that's good.

For more infomation >> Mother Forkin' Morals with Dr. Todd May - Part 2: Utilitarianism - The Good Place (Exclusive) - Duration: 4:35.

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FBI Targets Environmental Activists - Duration: 4:56.

Now let's talk about another story that came out recently about the FBI apparently keeping

files on climate change protestors, and so Mike Papantonio does Ring of Fire that's on

the TYT Network.

He does several different shows, so he does the news all the time, and he cares deeply

about these, and he's progressive.

That's why I'm asking you about it.

So Pap, what did the FBI do here and how concerned are you?

Well, well we've learned in the last few weeks is that the government hasn't stopped spying

on citizens since the 1940s.

You know, Truman came out with what he called, I believe, the shamrock project in 1947.

It created, in the NSA, the ability to spy on Americans.

The only thing that's changed since the '40s is we've stopped paying attention to the problem.

Right now, the FBI, CIA, NSA, and all of the other spy agencies in this country are treating

environmental activists.

That's where this is really going.

Environmental activists are under heavy pressure.

It's as if they're terrorists.

I mean, we're talking about people being spied on an Iowa peaceful, civil disobedience taking

place in Iowa.

Bill McKibben, who you've interviewed, I think a couple of times.

Bill McKibben has led the charge for climate change.

He's the only guy out there that's really, really willing to push the limits and civil

disobedience, but he's a target.

That's actually the word that the agencies use is terrorists.

That's what they call these environmentalists who were engaged in peaceful, civil disobedience

according to the documents that we've released.

The problem is very real.

If you've ever shown up at a pipeline protest, which you have, I remember you being right

in the middle of the protest.

Your name, I can assure you, Cenk, you are on their watch list, a climate march or engaged

in any kind of activities that might make the world a better place.

There's a good chance that you're probably going to be followed by some of those intelligence

agencies, and you know, when you were out there, you probably had a sense that that

was going on, but now we have the documents, Cenk.

We didn't have the documents before.

We had supposition.

We knew about the Frank Church hearings, right?

We knew that in 1975, Frank Church found the FBI and the NSA actually spying on American

citizens, spying on Martin Luther King, spying on Mohammed Ali, spying on Seymour Hersh because

of their activities that was contrary to governmental interest.

So the church hearings haven't changed any of that and we knew about the Frank Church

hearings, but I think we forgot about what Frank Church found out in those hearings;

that these agencies had been monitoring citizens a warrant for decades, and here we are, decades

later, finding out that the domestic spying programs really never stopped.

In fact, they've become more sophisticated.

So I think that's something that people, you know, we too easily dismissed this idea that

it's okay to spy on us, but when you have environmental activists or civil rights activists

that are out there trying to make a change, and we realized the government feels that

they are terrorists, that's a pretty serious indictment of democracy.

And at the same time they deemphasize the FBI tracking extremist, right wing groups,

who actually oftentimes have done terrorism in America.

Actual terrorism.

Well, I mean to blow up buildings, murders, shootings, etc.

And so the priorities are all screwed up.

So last question about that, Pap, is it sounds like that's another case of, in a sense, corporate

capture, right?

Well, yes it is.

It's the modern Pinkertons is what is what we have here.

We have these agencies that have become an extension of corporations.

It's hard to really put your arms around that, but they're out there because Exxon doesn't

want what's happening to go on.

DuPont or Dow or whoever it is, they have access to senators and representatives and

agencies that they can get them all chummed up on the idea that we got to do something

about these people, and unfortunately that is the norm.

That's the new norm.

If you think back to the Pinkertons in the '30s and the '40s, all they were were an extension

of corporate America.

We had to stop the unions.

They were actually franchised to a great deal by the American government, so there's really

no difference here.

It's just that we haven't paid attention to it.

For more infomation >> FBI Targets Environmental Activists - Duration: 4:56.

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Noticias Telemundo Mediodía, 21 de diciembre de 2018 | Noticias Telemundo - Duration: 21:09.

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Red Dead Redemption 2 is One of the Best Selling Video Games of 2018 - Duration: 8:13.

Dylan Lewis: Dan, we've got one more to touch.

This is going back to the video game space and Red Dead Redemption.

This is, I think, really, the Chinese Democracy of video games.

It was this long awaited, a lot of hype -- Dan Kline: Except it's a hit.

Lewis: That's true. It's hard to argue that this is a wildly successful game.

For the unfamiliar, Red Dead is from video game company Take-Two in collaboration with

Rockstar, one of their subsidiaries.

This was released in late October, a little bit before the holiday season.

But we got a glimpse of some of the success that it had already in some conference call

conversations with management.

I'm just going to drop a couple of quotes here, one of them from the most recent call.

"The title has set numerous records, including achieving the biggest opening weekend in the

history of entertainment with over $700 million in retail sell through during the first three days.

Red Dead Redemption 2 sold more in units in its first eight days than the original blockbuster

Red Dead Redemption sold in its first eight years."

And, just to back that up a little bit more, as of today, the title has sold over 17 million units worldwide.

This is a wildly successful game.

I think, given the launch time, a lot of the people that are hardcore fans and really wanted

it probably already have it.

But I imagine that this is something that a lot of people are still asking for for the holidays.

Kline: Just think about where that number would place it on movie releases.

It would make it a top five film release this year, and it's going to well surpass that.

I think what's really interesting about Red Dead Redemption -- and I will be honest,

I am not capable of playing games like this. I have a 14-year-old, and that's how I know these things.

We're starting to see this new genre of games, where the game comes out, and then it continues to develop.

What's been very interesting about the Red Dead launch cycle is, there's actually been

some pushback from the hardcores on the gameplay, on the money-earning system in the game.

And they've actually made some changes.

These games are fluid now, where they have a two or three-year lifespan.

We know there's paid downloadable content.

You can buy Deluxe editions, where you get all of that for a year, things like that.

But they're actually making some core changes to the gameplay based on some of the early feedback.

Lewis: Yeah. More and more, we are seeing the video game publishers focus on the micro-transactions

that can happen within games and some of these add- ons that happen in the online worlds for these games.

I think Red Dead Redemption is a perfect example of that.

If you're a Take-Two shareholder, you have to be thrilled, because this was a release

that was twice delayed. And this was the next franchise.

They really needed to build this up to make sure they could sustain success beyond the

GTA franchise that they've had so much success with. Kline: Let me give Take-Two a lot of credit.

One of the complaints about these micro-transactions, and it was a huge complaint with another stumbled

big release, when EA put up Battlefront 2, the Star Wars tie-in game, is hardcore players

want to be rewarded for playing.

If you can pay extra money and get a funny hat that doesn't change the gameplay, but

maybe makes you cooler, hardcore players are OK with that.

But they don't want someone like me, who's not a hardcore player, who's an adult and

maybe has more money than they do, to be able to spend $40 and all of a sudden have a character

that's better than the one they've put 10,000 hours into.

So, as much as there have been complaints with the monetary system, they are keeping

it in favor of people who put in the time.

And that's the core audience for take Take-Two and Red Dead Redemption.

Lewis: Yeah. And it's clear the reception has been so strong. This is really the game that Take-Two needed.

You look at their financials, in fiscal 2018, the company did bookings of about $2 billion,

and revenue just under $1.8 billion.

They're guiding for fiscal 2019 bookings of $2.8 billion and revenue of $2.6 billion.

That's a real welcome sign, because this is a stock that's priced for growth.

After enduring a flat year, basically, investors wanted to see something successful from this franchise.

They've totally delivered.

You look at the guidance that they're providing, they're expecting some serious growth on the

back of not only this franchise, but what they're doing with GTA and what they're also

doing with their NBA 2K franchise, as well.

Kline: What's become really exciting is, we talked about the micro-transactions, these

games are money makers years into their life cycle. As that dies down, it becomes like a movie franchise.

They can put out Red Dead Redemption 3 and have this huge base to build off of that's ready for it.

Much like we talk about IP, intellectual property, in the movie business, if you can put together

four or five franchises and have that rolling release cycle, you'll have a very strong business.

This coming out and working, it's a major pillar for Take-Two.

Lewis: You mention Red Dead 3.

I don't think we can seriously talk about that coming out for another five years based

on the release calendar so far. But I'm sure there are already people dreaming it up, Dan.

Kline: Actually, to tie our conversation back, the next step for Red Dead Redemption might be,

next Christmas, a Switch release. Lewis: Oh, really?

Kline: It was talked about -- you sent me a Q&A with, I want to say the president of Nintendo.

He didn't exactly confirm it, but he said, when Red Dead Redemption 2 was conceived,

the Switch did not exist.

Now that the game is out there, it's really a matter of porting it over and figuring out

how to, I don't want to say Nintendo-tize it, but obviously, there's different violence standards.

There are kind of different rules for the Nintendo universe.

Lewis: Oh, got it.

Austin Morgan: I was going to say that I would like to see Red Dead Redemption 2, because

it's a prequel to 1, I would like to see them release a remastered 1 that ties directly

into Red Dead Redemption 2. The map's set up for it.

I just beat it yesterday. Lewis: 2 or 1?

Morgan: 2. Lewis: So, you're ready for more.

Morgan: I'm ready for more. Lewis: We'll see.

Morgan: The online beta just got updated. We'll see. It's a great game!

Lewis: We'll see what happens. I'm glad that out of the three of us, one of us plays the game.

It gives us a little bit of credibility here in the studio.

Morgan: The amount of detail in the game is absurd.

Lewis: So, your holiday wish is to have a game that's never going to happen.

Morgan: [laughs] Yeah.

Lewis: I'm glad we're setting our expectations pretty reasonably.

Kline: Good news, Austin, when it comes out, I'm buying it for you!

Lewis: Perfect. Dan, what's on your wish list? Kline: See, I've been married for 18 years.

We have a 14-year-old. Most of our effort goes into buying gifts for our child.

So, usually, I just tell my wife what I want. This year, I just bought it for myself.

As you know, I bought an Oculus Go headset, which has been a mild bit of fun.

It's really cool virtual reality, but there's not much software for it.

And, I bought myself an espresso coffee maker. The house is full of gadgets.

The espresso maker makes a very strong cup of coffee.

I like it a lot more than the Keurig, which we've talked about on many an Industry Focus.

Lewis: So, you'll be hopped up on caffeine and playing virtual reality video games during the holidays.

Kline: Exactly! And all the games are the same.

You jump out of a plane and control your descent using your head like.

Very much, we're in the early stages of content.

There is no Red Dead Redemption equivalent, or something that you would go "Oh, wow,

I really want to sit with this headset." But, it's still sort of cool.

Lewis: Maybe we'll get there someday. Thanks for hopping on, Dan!

Kline: Well, Dylan, what do you want? Lewis: Oh! Thank you for asking!

I appreciate you asking!

I've requested a bike rack, something that I can put on the back of my bike,

so I can get some bags on the back and do some longer rides, get out into the city and have some fun.

I could try to keep it simple. I also just buy stuff for myself.

So, I make it hard for people to give me gifts. But, that's first and foremost on my list.

A lot of gear-type stuff, that kind of thing.

For more infomation >> Red Dead Redemption 2 is One of the Best Selling Video Games of 2018 - Duration: 8:13.

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For more infomation >> Todo listo para final del Mundial de Clubes | Noticias Telemundo - Duration: 1:58.

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Space (1999) Cast - Then And Now 2018 - Duration: 2:22.

Space (1999) Cast - Then And Now 2018

Subscribe to our channel by clicking the subscribe button click the bell button and enjoy the latest uploads from our channel

Oh, baby

I'm crazy

What you've been that bad for me

Meatballs done got your feet both flood. You'll get to flap with me

I

Can take you down fall

Take you

Crosswalk instead like

Oh, baby

So I am crazy

My baby

They were in nature. So I'm crazy

But you've been that back we musta got your feet

You get to fly

I can take you down for right take you around

Fucking block

For more infomation >> Space (1999) Cast - Then And Now 2018 - Duration: 2:22.

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Biotech Stocks Made Big Progress Toward Preventing Heart Attacks in 2018 - Duration: 3:09.

Shannon Jones: Top story No. 2, there were some biopharma companies

focused in heart health, specifically cholesterol-lowering drugs,

that did get a nice dose of some positive news in 2018. That was phenomenal.

Most came from compelling study data that we had been waiting for.

It's encouraging because now, we're starting to see movement in what is cardiovascular health.

Honestly, heart health is so important.

Cardiovascular events are the leading cause of death in the United States, so, positive

news on that end, Todd.

Todd Campbell: Yeah, 800,000 deaths per year just in the United States from cardiovascular disease.

That's despite tens of millions of patients taking their statins as prescribed every day.

There's undeniably a need for new treatment options for people with cardiovascular disease,

and that has led to the development of different classes of drugs.

For example, you had the PCSK9 inhibitors that got launched from Amgen and Regeneron

a couple of years ago.

Similar to the CAR-T situation, blockbuster expectations prior to launch and anemic or

lackluster sales since then.

That, however, could be changing because earlier this year, Regeneron and Sanofi are teamed up

on their drug, Praluent.

They reported cardiovascular outcomes data that shows that, yes, their PCSK9 inhibitor

does reduce the risk of major cardiovascular events like heart attack and stroke.

That came on the heels of data from Amgen's drug Repatha last year that also said that.

So, now we have conviction that this class of drugs can reduce the risk of these events.

That could lead to, obviously, sales going much higher from here for those drugs.

You also had another class of drugs, Vascepa, which is made by Amarin, and that drug's been

on the market for a long time to lower triglyceride levels in people with really, really high

triglyceride readings.

They came out in September and reported that, yeah, their purified fish oil, which is Vascepa,

if you use that, that also can reduce the risk of heart attack and stroke.

So, now you have proof for both of these approaches.

I wouldn't be shocked if you saw sales for PCSK9 inhibitors and the Amarin's Vascepa soar in 2019.

It'll be really interesting to watch how that plays out.

Jones: Yeah, totally agree.

When you consider that PCSK9s and even Vascepa are add-on treatments to statins --

and that's really where they saw a lot of the benefit in the studies that came out this year --

I think you definitely see a huge opportunity moving into 2019.

Keep an eye on those stocks.

For more infomation >> Biotech Stocks Made Big Progress Toward Preventing Heart Attacks in 2018 - Duration: 3:09.

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Is Moderna's Huge IPO in 2018 Worth the Hype? - Duration: 2:42.

Shannon Jones: Also, 2018 saw the historic public debut of biotech unicorn Moderna Therapeutics, ticker MRNA.

Todd, do you think this company is really worth the hype that has gone into it?

Todd Campbell: There were so many biotech IPOs this year.

I think one of the reasons that biotech was actually down this year was because

there was so much more supply coming onto the market.

After a couple of years of rallying for these stocks, investor appetite just started to wane for them.

Does Moderna mark the peak of this cycle for biotech?

I guess that remains to be seen. But, yeah, $604 million IPO.

That ends up valuing, if you include the shares that weren't

issued out to the public, the company at $7.5 billion.

Which is a really, really big valuation for a company that has its most advanced drug

in Phase II, and may not even have data from Phase II trials that we can get excited about

until at least 2020.

Jones: Yeah, but they do have a pretty stacked pipeline.

You're looking at 10 therapies in human trials, 11 pre-clinical.

One of the things I do like about this company is that it's not just about one particular

type of therapy or technology. They're really building an R&D platform.

The applications of using messenger RNA to identify targets, to tweak targets, I think, is really promising.

Certainly something to keep an eye on.

One of the things that I always caution when I see the IPO market blow up in a particular year,

you can expect to see, as a result of that, many more pipeline blow-ups.

If you think about it, the more money you're throwing at many of these very small biotechs,

the higher the likelihood that many of these won't make it.

That's always a pause for me heading into the new year, when I see that we've come off

a really strong IPO market. But this one is definitely one to watch.

Campbell: That's an awesome point, Shannon!

Before we jump into No. 10, that's an awesome point to remember.

You're right, when you have so much money that's just sloshing around, it's no longer

only the best ideas attracting that venture capital.

Now, you've got a lot of different ideas that are attracting that venture capital, and that

increases the risk that a lot of the exciting stocks that have come on and IPO-ed in the

last couple of years end up fizzling out.

For more infomation >> Is Moderna's Huge IPO in 2018 Worth the Hype? - Duration: 2:42.

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Used Cars in China, PayPal, and the Future of Apple - Duration: 28:52.

Mac Greer: It's Monday, December 17th. Welcome to MarketFoolery! I'm Mac Greer.

Joining me in studio, we have Motley Fool analysts Emily Flippen and Jason Moser. Welcome! How are

we feeling this Monday? Jason Moser: Feeling quite rested, and thankfully

a little bit drier now. It was a wet weekend. Greer: So much rain! Emily, can you make the rain stop?

Emily Flippen: I'll do my best, although come

Thursday or Friday, I think my powers might wear off. We're expected to get even more rain.

Greer: Unbelievable!

Flippen: Hope nobody's traveling. Moser: We've already surpassed, this is the

wettest year on record for this area since something like 1890.

Greer: It's epic! It was just epic! What I like about it is it gives me an excuse not

to do any yard work. Not that I needed an excuse.

Today, we're going to do something a bit different. We're stepping back from the headlines

and we're going to do something that we haven't done in a while. We call it "yes, no,

maybe so." Here's how it works. Each of you is going to be sharing three stocks. You're going to have

a yes stock, a stock that you think will outperform the market over the next three

to five years; you have a no stock, a stock you think will probably lose to the market

over the next three to five years; and then the maybe stock, the stock your kind of conflicted over,

a stock that could go either way. On that note, let's get going. Emily,

what stock are you saying yes to? Flippen: I'm saying yes to Uxin today.

That might sound unfamiliar to a lot of listeners. It's an underfollowed stock. The pronunciation

there might be a little different than people are expecting. It's the largest used car dealer in China.

I think they're positioned really well. They have a relatively small market cap

right now, given their business. This stock was hammered earlier this year. It IPO-ed

at $9 a share, went all the way down to something like $3 a share. It's back up close to $9 now.

They have a great partnership now with Taobao.

They're selling a lot of cars, granted their losses are increasing. But I think,

given the market size, given the fact that they're the largest player and this is definitely

going to be an in-demand industry, when you think about the development of the Chinese economy,

Uxin is positioned really well to succeed.

Greer: OK, Jason Moser, when you hear "largest used car dealer in China," is there a question there?

Is there a concern as an investor? What do you think?

Moser: I wonder at this point in time, historically speaking,

used cars have been a huge market forever.

Obviously, we're making this transition to electric vehicles, alternative energy vehicles.

My question is -- and it's not just to Chinese used car companies, it's any of them is --

what is the ability to incorporate those types of vehicles into their model? What kind of

a threat is that trend? I'm assuming that most of their vehicles are traditional,

fuel engine. Flippen: They are.

Moser: That'd be my one question. I just don't know enough about it.

Flippen: I love that question because the Chinese car market is so different than the

car market that we have here in the U.S. I think it might be a misconception,

when you think about the development of cars. In the U.S., we are moving towards

clean energy electric vehicles.

And that definitely is a worldwide trend. But when you look at the Chinese market,

it's so heavily regulated. You couldn't sell used cars until this century. 15 years ago,

you could not sell used cars across the border of China into different provinces.

So, there was a huge demand, especially in lower-tier cities, to get access to used vehicles,

but there were quite literally none available. Uxin is completely online, and after these

regulations passed that allowed sellers to move a car from one city to the next and sell it

between people, it make this huge market opportunity. And there's still such a large

demand for lower income people in China, people who are moving up to that middle class level,

to get a good, cheap used car. I think people who are paying top-tier for

new cars, that market definitely is going to go electric. And slowly, those electric cars,

I imagine, will trickle down through the stream. But the issue with the infrastructure

in China is that it doesn't have the support that is needed for electric vehicles yet.

Electricity is more expensive on an income basis than in the United States, and people

don't have easy charging ports. In fact, the very popular Chinese electric vehicle carmaker,

NIO, is quite literally replacing batteries instead of charging them, simply because it's

more cost effective for them. There's a huge difference in these types of

car markets. While there is a trend towards electric vehicles, I think Uxin,

at least for the foreseeable future, is relatively insulated.

Greer: Have y'all noticed how, in the U.S., at least, you don't hear the term "used car" anymore.

It's all about "pre-owned vehicles." I like used car better. I don't want someone

to have owned it before me, but I'm fine if they used it.

Moser: White-glove certified, pre-owned... you're right. That's marketing, it's marketing 101,

make people feel a little bit better about what they're getting, no matter what it is.

To your point, when we look at a lot of the

businesses we cover, we look for competitive advantages. One of those competitive advantages

could be in the form of barriers to entry. Clearly, it sounds like there was a tremendous

barrier to entry for the used car market for years and years in China. So, the company

that has the head start in getting started in that market, that first mover advantage,

in many cases, can be all you need. And it sounds like they're pretty tech savvy already as it is.

Flippen: Oh, fingers crossed! [laughs]

Greer: OK, that's Uxin. Jason, which stocks are you saying yes to?

Moser: Well, Mac, you know that I love the payments space a lot. I would be remiss if

I did not have one of those payments companies here in the yes column this week.

I'm going to go with PayPal. Greer: I've heard of them.

Moser: Yeah, you've heard of them. I think we've all heard of them. It's a company that

has been a good recommendation here in the Foolish universe. It's one that I own personally

and probably will continue to add to for many years.

There are a lot of reasons. I think ultimately, when I'm looking for good long-term-style holdings,

I'm looking for big market opportunities with the opportunity, also, to grow. And payments

is certainly one of those spaces. When you look at it from just a domestic perspective,

you consider here, 40% of payments in the U.S. alone are still cash. Globally,

that's much, much more. We talk all the time about this move away from cash and towards mobile payments,

or just electronic payments, one form or another. PayPal is helping facilitate

that in a lot of ways. It's amazing to think about, PayPal is now

a bigger company by market capitalization than American Express. They have now surpassed

MasterCard in annual revenue. PayPal's trailing 12-month revenue is more than MasterCard's,

which is amazing for me to think about, because MasterCard is essentially twice as big of

a company as PayPal is, and Visa is basically three times the size.

I think that what you've got here is a company with a lot of different ways to grow.

Not only PayPal. We, of course, know Venmo. While Venmo is not profitable, they are working

on ways to monetize that business. I hope they continue to do that methodically,

and not try to do it all at once. We know that PayPal also acquired Xoom a little while back,

which is my favorite outgoing remittance company. It was just gone too soon.

Greer: [laughs] I just like that you have a favorite outgoing remittance company.

Moser: [laughs] Not everyone does. Greer: [laughs] That's a cry for help.

Moser: [laughs] When you look at the amount of money that's going through PayPal's networks

on an annual basis, it's impressive. It continues to grow.

The nicest thing, I think, about this market, is you're not trying to pick one winner.

The payments space truly is a multi-winner space. I think PayPal is poised to be one for some time to come.

Greer: Emily, what's your biggest question about PayPal?  Flippen: I've never really taken the plunge

on PayPal for two reasons. The first being that it's a highly competitive space.

That's not to say that as a consumer, you can't have numerous forms of payments. But I think,

as the form of payment continues to grow, I have lots of options in what I choose to pay with.

I've never needed to make a PayPal. I've never been compelled to. So, as an investment,

I've never taken the plunge. That's not to say that I don't agree it'll be a great investment

over the next year or two or three. But I do think that it's a very competitive space,

and that always has given me pause. The other thing is big security concerns

in the industry. PayPal has fallen victim to that in the past. From a consumer perspective,

there's a lot of heat right now in that space. If they're not able to at least keep up the

perception of great security, then that's going to maybe cause some confidence loss

in their core consumer. Moser: Yeah, there's no question.

Security is always going to be top of mind for most people, particularly, I think, older folks these days --

Greer: Why are you looking at me?

Moser: Well, I mean, I really shouldn't necessarily because we're closer to the same age than

Emily and I are. But, I do understand. Taking that leap to paying with your phone...

for a lot of people, there's a comfort level in knowing what they're doing, and paying with

cash sometimes is the ultimate form of understanding there. So, security, I think, is always going

to be top of mind. It's interesting, your point there in using PayPal,

and not having used it before. That was one of my bigger hang-ups

with it for a long time. I haven't owned PayPal for five years. This is a position I've held for just

a couple of years, maybe. I maybe would use it once a year to settle up in a fantasy football league,

because it was just easy. But what we've seen quickly here with the proliferation

of mobile technology is more and more companies, merchants, small businesses, particularly,

are using PayPal and Square and others as a way to settle payments.

The one thing that really opened my eyes to this was we took a trip to the Bahamas this

past spring break. We took the girls, went for a week, hung out, and really lived on

the local economy. We weren't at a resort. Consequently, we were going to restaurants

and local businesses where your option was essentially to pay with cash or, in many cases,

now, what these merchants were doing, they would set up e-mail addresses and use PayPal

as a form of payment. So, I found myself using PayPal a lot just on that trip alone. It opened

my eyes to, maybe it's more than just what I was seeing initially. When you look at it

from a global perspective, and the amount of money that is always moving around the

globe on a daily basis, it started to make a bit more of an impression on me. I think

that's going to continue to grow, and that's why we're seeing companies like Square and

Stripe and others continue to invest so much in the space.

Greer: The addressable market, bigger than Jason's fantasy football. OK, that's my takeaway.

Emily, let's go to our no stocks here. What are you saying no to?

Flippen: I'm going to say no to JCPenney over the next three to five years.

Greer: You and everyone. Flippen: It must be really shocking.

I won't harp on it. With $4 billion in net debt, it's not an acquisition candidate. It's obviously

been struggling in the retail space. A lot of people think that it won't exist in

three to five years, but I fall on the side of the fence that it will exist. I think JCPenney,

as a company, will exist in three to five years. I don't think it's turning into Sears necessarily.

I will say that if they're able to work out

their inventory issues, it's a strong free cash flow business, so they could theoretically

downsize enough to keep operating at a level that would allow them to do so sustainably

if they worked out some of these organizational issues. And with the new CEO,

that could be a real possibility. Do I think it's going to be a market-beater?

Of course not. That's why I'm choosing it for my no category. But I do think it will be here.

Greer: Jason?

Moser: If we've seen anything, Sears has defied all logic. I mean, if Sears is still around,

I think JCPenney absolutely could still be around. And honestly, while I don't know

that the brand carries as much with folks today as it did perhaps when we were growing up,

I can't help but wonder if maybe there's not some kind of partnership opportunity out there.

Whether it's with Amazon trying to get more into the clothing space, or whatever

concept is out there, perhaps there is some value in that geographical footprint,

that real estate where they have those physical locations. If anything, one of the stories of 2018

has certainly been that physical retail isn't exactly dead right. It's still alive

and doing very well, in some cases. I just wonder if there's some partnership opportunities out there.

Greer: How about Target acquiring JCPenney?

Moser: Who knows? Greer: More and more, you're seeing

Targets in malls, as well. Flippen: I would love that, if Target acquired

JCPenney and just replaced JCPenneys with more Targets.

Greer: Yes, I think that's right. I like that. OK, Jason, what are you saying no to?

Moser: I'm going to say no to Zillow. I really used to think a lot of this business.

I felt like there was more potential than what they've exploited to date. When we talk

about large and growing market opportunities, obviously, the real estate market here domestically

alone is tremendous. Greer: Do you have a Zestimate for that?

Moser: [laughs] Well, let me see here! Let me get back to you on that. I do think they've

not done a very good job of taking this business beyond what it ultimately still is today,

which is basically just real estate advertising. To me, hands down -- this is coming from someone

who's done some house searching here recently -- I think they do have the best experience

out there, as far as going on to an app on your phone and looking at different properties.

The problem is taking the relationship from that point forward. What we ultimately did

when we were selling a home and buying a home was connecting with a real estate agent that

we already knew. Then, we would get our information from their internal platform, which was

based on the MLS and didn't really mess with Zillow at all.

I was reading Zillow's most recent quarterly report, and this statement really took me back.

They noted that they are getting ready to enter a period of transformational disruption.

It's something to the extent where they feel like they're in the middle of this transformation

for the business. To me, the business was founded on this disruption to begin with.

So, now that they're having to disrupt again, I can't help but wonder if they feel like

maybe they were not investing their dollars in the wisest fashion up to this point.

Greer: Is that a euphemism? When you say, "transformational disruption," that can be exciting.

Like, wow! Or, that can be a, [whispering] "Wink, our business model's not very good."

Moser: To your point there on the latter, it's reasonable to at least wonder. It's still

not profitable. It's not like they're out there lighting the world on fire with profits.

The stock price today is taking a very big leap of faith that they're going to make these

wise bets in the future. If you look at their balance sheet today, half of their total assets

consist of goodwill, which essentially means that they've been relying on this acquisition

strategy to date in order to grow. They're going to have to make acquisitions in the

future to grow. And this latest foray into the instant offers thing, where they're ultimately

basically just trying to flip homes, I don't think they have any competitive advantage

in doing that. As a matter of fact, they may not even be that good at it. That's not like

a new market. There are people out there doing that all the time.

I feel like they don't have their eye on the ball. And to me, the stock price today

still doesn't make any sense for a business that has not yet demonstrated any meaningful path

to profitability. Greer: Emily?

Flippen: And this is a stock that's dependent on the housing market. We've had a great run-up

the past four or five years in our housing market. And the company's still not profitable.

If you can't succeed in conditions where the housing market is expanding like it has been,

it begs the question of, what makes this stock, what makes this company, a winning company

in the future? And to me, the concern is that any downturn would make an already unprofitable

company that much more concerning from an investing perspective.

Moser: Yeah. I feel like we were asking that question five years ago when this company

was on the radar. The statement that they opened that letter with says, "Zillow Group

has entered a period of transformational innovation." That's what I thought they were doing five years ago!

Greer: I like that. I'm going to start using that phrase. Moser: And they're just doing it now?

It brings up more questions than I feel like there are answers for.

I don't think this is a bad company. I just don't know that they're necessarily focusing

on what really matters. And I'm very suspect as to the actual opportunity that they're

trying to capitalize on. Greer: OK, so, you're lowering your Zestimate for Zillow.

Moser: That is a fair assumption.

Greer: Let's move on to our maybe stocks. I think this may be my favorite part of this show.

These are stocks that we're conflicted over. We don't quite know. We may be ambivalent

about them. Emily, how about a stock that you can't quite decide?

Flippen: This might take some listeners as a surprise, because I have been quite the

bear on this stock for a while, but Stitch Fix. For a long time, Stitch Fix, in my opinion,

was priced for the idea that the entire market was going towards boxed clothes delivery.

And I was just convinced, there's no way that this many people have this much disposable

income and willingness to spend this much on their clothes and get this amount every

single month. It just didn't make sense to me.

But we've seen recently, thanks to slower than expected customer acquisition growth,

that the stock's been really destroyed. I don't have an answer for this, but it left

me wondering, at what price is Stitch Fix a good buy to me? In my opinion, they don't

have to take over the market like some people expect they do. They don't have to be Blue Apron,

like some people expect they do. They can have a small but loyal base of customers

that spend a lot on their clothes and continue to be profitable in that direction over the long-term.

I'm still not pushing myself to buy any of

this stock because I find myself so conflicted. It feels like it's either going to succeed

or fail. But at some point, I guess the price could be right.

Greer: You mentioned their loyal base of customers. I know this will shock you. I'm not one of them.

Greer: I think it's fair to say I'm probably not known ...

Flippen: Me neither. Greer: ... for my fashion. Is that fair, Jason?

You've known me for a while. Moser: I would say that you and I together

probably have about the fashion sense of my dog.

Greer: OK, good. That's probably not fair to your dog. But, you mentioned loyal base.

And we were talking with our very own Dan Boyd before the show. Dan is a Stitch Fix customer.

Dan, sell me on Stitch Fix. Dan Boyd: Oh, man! It's really easy!

It's really easy! When you sign up for Stitch Fix, you don't have to go shopping anymore.

I don't know about you, Mac, but I hate going clothes shopping. I would rather spend my time doing

just about anything else. So, for me, Stitch Fix is a great opportunity to avoid having

to go into a store, deal with a parking lot, deal with other drivers on the road,

deal with trying on clothes in one of those little booths, the changing rooms, all that stuff,

I hate all of it. Stitch Fix comes to your house, you try on the clothes in your house.

Greer: Hold on, they come to your house? How does this work? Do I have to take measurements?

That seems like a lot of work. Boyd: Well, you probably know what size clothes

you wear normally, right?  Greer: Eh...

Boyd: You have a general idea? Greer: I know the Costco sizes.

Moser: [laughs] Depending on that. Boyd: Well, if you have the general idea,

when you sign up, you fill out a questionnaire on their website of what sizes you are.

Greer: Handsome? Very handsome? Boyd: Very handsome is where you want to go,

certainly. But, they send you stuff, and you can fine-tune it as you get more stuff.

They send me a box a month, five items a month. Last month, I didn't pick any because I didn't

like any of them. But the month before, I think I picked four out of the five.

Greer: That's so impressive! Do you get comments? Do people say, "Wow, that's a really nice shirt?"

Boyd: Well, my fiancée is a huge fan of this

because it means that once a month, there's a little Dan Boyd fashion show going on in

our apartment. Moser: Hey, now!

Boyd: Again, I don't really like going clothes shopping So, if this is the only source of

new clothes, then it's the only fun she gets, as far as picking out clothes and stuff for me.

Moser: But here's the question. Does Stitch Fix

allow you to exploit your sartorial nature? Or are you really just fitting your wardrobe

to whatever Stitch Fix sends you? If you're like me, you probably don't care a whole heck

of a lot at this point about what you're wearing. I don't profess to have any real style whatsoever.

Greer: Is it transformational? Boyd: I don't know what sartorial means.

I'm going to take it as disrespect -- no, no.

Moser: It basically just means that you have good style, you're into fashion, you've got good taste.

Boyd: Well, let's not talk me up too much.

I'm wearing a T-shirt and jeans at work right now. To me, it's more of a convenience thing,

this is the whole thing. I just don't like going shopping. If I can avoid it, it's great.

And the prices aren't wild for Stitch Fix. You go to Joseph A. Bank or Nordstrom or anything

Greer: They're having a sale this weekend. Boyd: Joseph A. Bank does a crazy amount of sales.

But a lot of the times, their shirts are going to be $100. And that's just way

too much for me, especially with these name brands.

Flippen: You're getting a name brand, though. If you pay $100 for a shirt, you're getting

a name brand. For me, the hang-up with Stitch Fix is, there's somebody out there who's paying

$60 for a shirt that has no name brand. You don't know the quality of it, and you're doing

it repeatedly over the months? The great thing about Nordstrom and Joseph A. Bank is, yeah,

they're expensive, but you know what you're getting.

Boyd: I mean, that's a good point. But for me, personally, I don't really care about

the brand. If the shirt looks nice, I'll buy the shirt if it's not unreasonably priced.

Greer: I think that's pretty compelling. I'm intrigued. I don't know if I'm going

to do Stitch Fix because I had a bad experience with Blue Apron. As you mentioned earlier,

Emily, I lump them together. It's not fair. I know, food, apparel.

Moser: Honey, I don't think these pants are quite done.

Greer: OK, Jason, it's your maybe stock. What are you going with?

Moser: I'm going to probably respond to an e-mail or to in regard to this one. I'm maybe

opening myself up. Apple. I know people will probably say, "What?! Blasphemy!" I've been

sitting here all year, trying to figure it out. Apple is not a stock I personally own.

It's one that I've always wished I did, but I never bought it. And now, this year,

it's starting to strike me that perhaps, there's an opportunity opening up.

But, is it an opportunity really, Mac? I don't know! And that's why it's my maybe.

When you look at the way the company has gotten to where it is today, clearly, the iPhone

has really led the way. I think they have, more or less, hit a wall with what they can

do with phones. I say this with a new iPhone XR in my pocket.

Greer: Quit bragging. Moser: Listen, I'm not bragging. I like it alright,

but I'll tell you, I made the leap from the iPhone 6 to the XR, and by far and away,

the best thing about it is the fact that I have a phone that can now make it through

the entire day on one charge. Everything else is just incremental. And in some cases,

the user experience actually is worse. I think the Apple Pay experience is not as good.

I'm not really the biggest fan of the face ID. And I think that the bigger screen actually

makes it a little bit more difficult to maneuver because you have to get your thumb lower down

on the screen there. And I'm not saying you should be texting or searching your phone

while you're driving. No matter where you are, if you're trying to one-hand it,

it's a little bit different than it used to be. Greer: So, what's the opportunity?

That all sounds very negative. Moser: I'm glad you asked that question,

because this is where you have to weigh the two. I think that Apple is making a good move

in trying to become more of a services business. Tim Cook on the most recent call was really

talking more about that. While the market wanted to focus on the fact that they're not

going to be reporting units sold anymore when it comes to phones and iPads and computers,

they're going to tell us a little bit more about how the Service business is growing.

Not only the revenue that it's bringing in, but the cost of that revenue. We're talking

about services and all that stuff that's going through the App Store, and Music and Video and whatnot.

I like Tim Cook as a leader. I appreciate

his belief and focus on privacy and really on the consumer. I trust him. I think the

move to service, like I said, is good. I agree with their wearables strategy, and not trying to

bet it all on one thing like the Watch, but rather have a portfolio of wearables,

like the earpods and the Watch and whatever else they come up with.

But to me, is it enough to make up for what is going to be now this slowing down and almost

stagnant iPhone? I don't know that they're going to be able to witness the same kind

of pricing power that they did in the past. You've got one thing playing against the other.

It's clearly a business that's not going anywhere. I love the company. I love my iPhone.

I'm just wondering, is this a market-beater over the next three to five years? My daughters

have owned this stock since 2013. It's about a 150% winner for them, outpacing the market

a little bit. I don't know if the next five years hold that same good fortune. I'm still

noodling over it. Flippen: I'll just add that in my experience,

a lot of time, consumer preference and consumer experience doesn't correlate with consumer actions.

A great example of that is EA. When they started adding micro-transactions to

a lot of their games, gamers were so upset. "Boycott EA!" Then, what happens? Micro-transaction

revenue goes through the roof. So, to an extent, the negative things you were talking about

with your new iPhone XR, yeah, maybe consumers don't like having to reach further down.

Maybe they don't necessarily like all the functionality of it.

But ultimately, you still bought one, right?

​Moser: ​ Sure!

Flippen: When you get your next phone, would you say that you're probably going to buy

an iPhone in the future, too?  Moser: Yeah, most likely. They've got me

in on the phone ecosystem probably until the day I die. I'm just too lazy to try to learn a new one.

Flippen: So, I would argue that, while

I'm not sure they reached the peak of their ability to develop the iPhone, they don't need to.

Moser: It's not iPhone-specific. I think the smartphone in general has probably hit a wall.

Remembering globally that Android is still the dominant operating system.

You do have that to think about, as well. I like the fact that Apple is reaching out and partnering

with companies like Amazon to offer their music platform over their devices and everything.

That's why it's one that's weighing on my mind. I feel like the good outweighs the questions.

But by the same token, is that money better off somewhere else? I just don't know yet.

Greer: OK, we'll see. Just to recap here, Emily, your yes stock was Uxin. Your no stock

was JCPenney. The maybe stock was Stitch Fix. Jason, your yes stock was PayPal. Your no

stock was Zillow. And your maybe stock was a little company called Apple.

Moser: That is correct! Greer: Emily and Jason, thanks for joining me!

Moser: Thank you!

Flippen: Thank you! Greer: As always, people on the show may have

interest in the stocks they talk about, and The Motley Fool may have formal recommendations

for or against, so don't buy or sell stocks based solely on what you hear. That's it for

this edition of MarketFoolery. This show is mixed by Dan Boyd. I'm Mac Greer.

Thanks for listening! We'll see you tomorrow!

For more infomation >> Used Cars in China, PayPal, and the Future of Apple - Duration: 28:52.

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The County Seat - Discussing Coal Mining in Southern Utah - Duration: 28:51.

Hello again and welcome to The

County Seat I'm your host Chad

Booth. We are on location this week

and we at the Coal Hollow Mine

which if part of Alton Coal and we are

at the mine office on site today to

bring you a firsthand look at the

Alton Coal Operation. We are going

to start by taking a look at what the

coal mining process is from the day

they first scratch the surfaced to the

time they turn it over to the birds the

bees and the critters. We will start

there.

This mine out here is called the Coal Hallow

Mine, operated by Alton Coal Development.

Right now we have acquired federal coal; we

have been mining private coal, which will

extend the life of this mine out here 30 to 35

years.

First process we do is we take of the top soil,

and sub soil, it is put in special piles, so as its

reclaimed it can be brought back and put on the

owner's property.

Next process the excavators on top will be

taking off over burden and this goes all the way

down in this pit 50 to 60 feet before we hit coal.

This pit of coal to the left of me it's going to

take them a week a week and a half to take that

out 20 to 25,000 Ton of coal they will take out.

This is where we process our coal, coal is

brought up and stockpiled behind me on the hill

its loaded into the bin right here goes up the

raw feed belt to a crusher the coal is crushed

and its just kept there in the pile until its loaded

on the trucks that haul it to our customer.

After the coal has been removed, it's time to

reclaim; All the overburden is put back into the

pit, sub soil is put on top. Top soil at the very

top, and then the area is planted, this area

behind me all the coal has been mined out its

been reclaimed, it's been planted and this is

what the final product is.

After it's all completed and it's given back to the

owner he can do whatever he wants with it.

I love my job it's how I provide for my family it's

how all these guys provide for their families its

their other source of income, some of the guys

out here are farmers and ranchers and stuff.

This makes a big impact on the whole

community around here.

With the federal coal there will be royalty

money coming to the county there will be more

people employed there will be more truck

drivers hauling the finished product out of here

so it will be a big impact to the surrounding

communities.

It's fun, Its exciting its new to all of us, this is

just a chance for us to make an impact for the

County I should say.

uncover in the process of the mining

operation mostly like the challenges

that it takes to get something like this

started we will look at those benefits

and costs when we come back with

our panel on the county seat.

Welcome back to The County Seat we

go we are on location at the Alton

Coal Mine in Alton Utah and we are

about ready to start discussion now

that you have seen what a modern

efficient coal mining operation looks

like joining us for our conversation is

the general manager here at the

mine Larry Johnson, Lamont Smith

who is a commissioner of Kane

County and Byroad Kershaw who is a

consultant and all around know it all

guy with all this kind of stuff. Thank

you for taking the time to drive all the

way out here in the middle of

nowhere for this interview thank you.

I want to start by focusing on the coal

itself for 40 years we have been

hearing about the remarkable coal in

southern Utah what benefit is there

from this particular kind of coal.

Well in Southern Utah right now

there is probably about 4 billion tons

of in place coal within all the coal

fields here in southern Utah. This

coal can be mined from the surface a

good part of it with open pit and high

wall mining methods and that helps

with the costs, cuts it down. Eastern

Utah and the coal up in there been

mined for 100 plus years and it's

getting harder and harder to get that

resource out of the ground. I can see

right now that the state coal

resources is going to be in southern

Utah.

Is this a better quality coal than West

Virginia's coal?

It depends on where you are at. If

you are over Smokey hollow it's a lot

better quality coal it's a good steam

coal it's not necessarily net coal but it

does have a button where we are

mining it's more of a subbituminous

coal it's not quite the quality that you

get in a good steam coal but its good

enough and we can sell it at a

cheaper price that power plants and

cement plants can see more lucrative

bottom line.

One of the things we talked about

before we started our conversation

today was just there has been so

much pressure in past

administrations to throttle coal

completely there was no secret in our

last presidents campaign when he

first took office 10 years ago he was

going to necessarily bankrupt the coal

industry he said it on the campaign

trail you could hear it come out of his

admiration looks like they went a

long way to do that but the practical

question that keeps coming back to

mind is what do you do if you do not

have coal to power this nation. Can

the other supplies of power actually

take over?

I can only tell you my opinion on that

and my opinion is this solar and wind

power cannot constantly give power

to the nation like it needs to have.

Coal oil and gas is still necessary in

regards to powering our nation its

coal the coal powered plants are a

continuous power source that allows

us to have worry free power in our

homes and industry and we don't

have brown or black outs and things

like that. Other greener energies that

are still developing there are some

problematic power interruptions

because of either the sun or wind. I

really believe that coal is going to be

a source of demand for several more

years.

I want to take a shift I want to talk

about this coal mine in this county

and some of its impact. Lamont you

have been in public life in this county

for years. This whole operation has

been operating now for 8 years, has

this made an impact on the economy

of the county.

It has you know we are transitioning

to more tourists oriented because of

the loss of timber and other things

around here I was the sheriff when

looking at the coal mine and we really

had high hopes that would develop

and help our county out and get us

going we were a very poor county

when we heard about Alton mine

coming in it was a big boost to us to

look at something besides tourisms

along with tourism to finance the

county make it so we could have our

kids come back and live.

When a county gets someone who is

willing to come in and operate a coal

mine most people think you guys

came onto the scene in 2011 one day

and said they want to invest money

into a coal mine and start ripping

away the top off and pulling the coal

out. How long does that process

actually take before you can start and

partially on federal land?

It is a fairly lengthy process. We

started a lease by application for the

Alton Coal Field here in May of 2004.

Today is December of 2018 we have

finally got that lease a week or two

ago. Now what we had to go through

with the federal government and the

BLM was the fact that we had to do

an environmental impact statement.

It took into account all the particular

impacts whether positive or negative

for this coal mine to be developed all

the social economics the water

resources your biology and

vegetation air quality and that had to

be completed before it was done. I

think it was well over done that is

what had to happen. We had a draft

EIS first done then public notice after

that we did another supplemental EIS

draft that coordinates with the

original draft EIS that all had to be

done with another public notice and

public meetings had to be held after

that during this administration we

have received a final EIS which

allowed us to go to a record of

decision which allowed us to go to

the bid process which we were

awarded that bid a week or so ago.

One of the things Larry the IES was in

place for noise and light.

It had a lot to do with the parks Bryce

canyon and we had to remodel night

skis and the lights we put in that we

used down here that would be

reflected up there now even though

the Bryce canyon is 6 canyons away

and 7 ridges away from us and we are

about 2000 feet lower then Bryce

canyon that became an issue with the

BLM and so a supplemental had to be

put back together it also included the

optics on those night skis and also

included air quality.

Do you think some of that was

triggered by the fact that the Sierra

Club had pictures out there that said

you could see the mine from Bryce

Canyon?

Absolutely. You absolutely cannot

see the mine anywhere in Bryce

Canyon.

Let me tell you another story a local

paper came out here about 7 years

ago and tool a nice picture of our coal

yard out here with these beautiful

pink ledges behind us and wrote a

story how we are mining and you can

the beautiful pink ledges of Bryce

canyon. It was on top page of the

newspaper and we took them to task

and after all was said and done they

recanted but they recanted on page 7

right at the bottom of the column

with one paragraph.

That's typical.

This is not Bryce canyon behind us

and we have been having to deal with

this all the time.

I wanted to take a minute and set

that record straight. We are going to

take a quick break when we come

back with our conversation about

coal in southern Utah its future and

what it does for the economies. We

will be right back on The County Seat.

Welcome back to The County Seat we

are talking today about coal in Kane

County a coal mine as a kid I did not

think about as being coal region but

it's been operating since 2011. I

wanted to address the issue of how

hard it was to get started on private

land. How did you find the coal here

and how long did it take you on

private land to get started.

Well in the 60's a company called

Utah international came in did a lot

of core holes and sampling they were

planning on mining as coal. When we

started to look at it was in the early

2000 we went to the BLM and went

to the county and researched what

was private and what was not. What

was private surface what was not

private surface, what was private coal

what was not private coal at that

time we brought in the lease by

application. We knew the lease by

application on the federal part was

going to take some time so we were

counting on getting this private coal

so we would have enough time to be

mining and getting things opened

putting a footprint down and then

going ahead and getting into the

federal. So that is what we did the

private coal we only had to go

through the state and the office of

surface mining for that application.

Are their standards less stringent

than the land that is being reclaimed

and final done on private land under

state regulation any less than what is

on federal land.

They are not. Those regulation are

the same they have primacy with the

divisions of oil gas and mining but

their oversite is the office of surface

and mining however we do not have

the regulation with the BLM and

other federal coal surface owners.

Is much of this regulatory problem at

the federal level just a regulatory

problem or actually does it have an

impact on how the mines operate?

It definitely has an effect on how the

mines operate. You have mostly

safety and air quality.

More stringent than the state

requirements?

I think the federal requirements are

more stringent than the state

requirements, is that correct Larry?

That is true we have to deal with

mine safety and health

administration in regards to safety

and healthy on the property that is an

organization that is part of the

federal government and we have

regulations and inspections from

them.

I'd like to spend some time talking

about the expansion and you are

going to add 100 jobs roughly what

kind of impact does that have on

Kane County?

Well we are not just talking 100 jobs

we are talking jobs that are family

sustaining jobs. These are higher paid

jobs than the tourism that we now

have with cleaning motels and such if

we could look at it over the 10 to 20

year project will bring a lot of our

local kids back home to work be able

to raise their families and working

one job it's just enormous for Kane

county if it puts us into a level of a

mineral producing county which gives

other benefits when we want to be

able to build a big fire station or

anything for the county we are more

apt to bet funding for that because

we now are a mineral producer.

It also concludes CIB money and the

royalties off the federal coal a good

portion of that goes back to the

county. 12 percent total and the

federal takes it and then distributed

back to the state and back to the

counties.

Not only that it's a good partnership

because this area you have to build

the roads to meet the needs the big

trucks that haul out of here and in

those roads we partnership on and

that makes them longer lasting and

better roads.

I am highly appreciative of this as

when I come to southern Utah and

cross highway 20 it's not like it was

30 years ago it's a descent ride. We

are going to take a quick break and

be right back with our final thoughts

at the Alton Coal Mine.

Welcome back to the County Seat our

final couple minutes here today I

wanted to talk about who benefits

we have already established that

people who need coal power plants

have a cost effective supply we have

talked about the community now

that we are moving onto federal

ground there will be some revenues

coming to the county through

royalties and have access through CIB

let's talk about who else benefits

from this mining operation. From

start to finish from the time you

uncover and expose the coal to the

time that you say we are done and

walk away from it. Who benefits and

what happens.

The way we have to uncover the coal

is actually dig a big hole to get there

and the majority of people look at

that and say oh you are leaving that

and that's bad and terrible but we

have to go through steps and a

reclamation process we have to fill

that hole back in and then we have to

reclaim it with a recipe of seeds that

is beneficial not only to wildlife but to

the community and the ranchers and

the people that own the property

including the BLM. Pinion and

Junipers are a big deal here and they

are considered kind of a weed

because they kill everything

underneath them and you will notice

on our reclamation that that will not

be the case where we have reclaimed

the land we have reclaimed over 300

some odd acres that is a big benefit I

think.

You're entire footprint from the time

you start is about 400 acres.

It's about 4500 acres.

Basically speaking you are 150 acres

exposed at any given time and the

rest of it is in the process?

Actually less than that our major

reclamation is about 350 acres when

we are in the process of reclaiming

we claim about 50 to 60 acres.

How long does it take from the time

you smooth over the mine and you

start the seeds to the point where

someone would walk through there

and I can't tell.

You have to wait about 10 years.

You have a 10 year period you go

through 3 phases. Phase 1 is putting

the earth back Phase 2 is seeding it

Phase 3 is the first release on

vegetation and then it's monitored

there it can be released any place

from 6 to 10 years from that point.

When you go back it's like it never

was there.

You would never know that there was

a mine underneath it.

That is the point that I think needs to

be made.

Gentlemen thank you for your time

today we appreciate it we appreciate

you tuning in every week to join us

for our program remember local

government is where your life

happens get involved in this

conversation share with friends and

respond to us on social media these

gentlemen, us and other leaders

would like to hear your comments

and reactions we will see you next

week on the county seat.

For more infomation >> The County Seat - Discussing Coal Mining in Southern Utah - Duration: 28:51.

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