YCQM: Feb. 18, 2018

BURLINGTON. Vt. >> Announcer: FROM WCAX,
THIS IS "YOU CAN QUOTE ME"
>> GOOD MORNING, I'M ALEXANDRA
MONTGOMERY.
DARREN IS ON ASSIGNMENT.
ON YOU CAN QUOTE ME, STOCKS
SLIDE, DOES THE RECENT
NIGHTMARE HAVE YOU QUESTIONING
YOUR INVESTMENTS?
WE TALK TO A FINANCIAL PLANNER
WHAT YOU SHOULD DO NOW.
ALSO, DAYCARE DILEMMA.
ALARMING NEW NUMBERS ABOUT A
SHORTAGE OF QUALIFIED CHILD
CARE IN VERMONT.
PLUS, FLU FIGHT.
THE ILLNESS SHOWS NO SIGN OF
SLOWING DOWN.
AND THAT'S WHERE WE BEGIN THIS
MORNING WITH ONE OF THE WORST
FLU SEASONS IN MORE THAN A
DECADE.
NOW GOVERNMENT HEALTH EXPERTS
ARE RELEASING THEIR FIRST
ESTIMATES OF HOW EFFECTIVE THE
FLU VACCINE HAS BEEN SO FAR
THIS SEASON.
NIKI BATISTE HAS THOSE
NUMBERS.
>> THE NATION'S TOP PUBLIC
HEALTH OFFICIALS CAME TOGETHER
THURSDAY TO URGE AMERICANS TO
TAKE STEPS TO PREVENT THE FLU,
AND THEY SAID THAT STARTS WITH
GETTING A FLU SHOT.
EARLY ESTIMATES SHOW THIS
SEASON'S FLU VACCINE HAS BEEN
36% EFFECTIVE IN PREVENTING
SEVERE ILLNESS, THAT WOULD
SEND A PATIENT TO THE DOCTOR.
WHEN IT COMES TO THE NASTY FLU
STRAIN DOMINATING THIS SEASON,
H3N2, THE CDC SAID THE VACCINE
HAS BEEN 25% EFFECTIVE IN
PATIENTS OF ALL AGES, BUT THE
NUMBERS ARE BETTER IN CHILDREN
6 MONTHS TO 8 YEARS OLD.
>> THE VACCINE OFFERED AN
ESTIMATED 51% PROTECTION
AGAINST H3N2 IT, AND OVERALL
THE VACCINE WAS 59% EFFECTIVE
AGAINST INFLUENZA A AND B IN
CHILDREN.
>> OVERALL, THE VACCINE HAS
BEEN 67% EFFECTIVE AGAINST THE
H1 N1 FLU VIRUS THAT'S ALSO
CIRCULATING.
AND 42% EFFECTIVE AGAINST FLU
B VIRUSES.
>> INFLUENZA VIRUS HAS AN
EXTRAORDINARY CAPABILITY OF
WHAT WE CALL DRIFTING FROM
SEASON TO SEASON.
IT CHANGES, IT MU TATS.
>> THAT'S WHY SEVERAL GROUPS,
INCLUDING THE NATIONAL
INSTITUTES OF HEALTH ARE
WORKING ON A UNIVERSAL FLU
VACCINE THAT WOULD ESSENTIALLY
GIVE LONG-LASTING PROTECTION
AGAINST ALL FLU VIRUSES.
>> IT'S STUNNING THE AMOUNT OF
DISEASE, AND YET WE HAVE NOT
BEEN COMPLETE LIVE ADEQUATE IN
PROTECTING THE POPULATION WITH
THE VACCINE.
>> HEALTH EXPERTS HOPE TO SEE
SOME SIGNS SOON THE SEVERE FLU
SEASON IS REACHING ITS PEAK.
NIKI BATISTE, CHANNEL 3 NEWS.
>> HERE AT HOME, OF COURSE,
THE FLU IS HITTING US AS WELL.
JOINING ME NOW TO TALK ABOUT
IT IS VERMONT'S HEALTH
COMMISSIONER, DR. MARK LEVINE.
THANK YOU SO MUCH FOR COMING
IN.
>> MY PLEASURE.
>> SO WHAT IS THE FLU LIKE
HERE AT HOME IN VERMONT?
>> AS I SAID IN PREVIOUS
INTERVIEWS, THE NORTHEAST
SEEMS TO HAVE A LATER FLU
SEASON THAN THE REST OF THE
COUNTRY THIS YEAR.
SO WE'RE STILL IN THE MIDST OF
A PRETTY HEAVY PART OF THE
SEASON.
RIGHT NOW IT'S ESTIMATED THAT
ABOUT 7% OF VISITS TO
EMERGENCY DEPARTMENTS AND TO
OUR SENTINEL PRIMARY CARE
PROVIDER NETWORK ARE FOR
FLU-LIKE SYMPTOMS.
>> THAT NUMBER COULD BE MUCH
HIGHER.
THESE ARE THE PEOPLE WHO ARE
TAKING THAT STEP AND GOING IN,
BUT --
>> EXACTLY.
LOTS OF PEOPLE WON'T EVEN SEE
THE DOCTOR.
SO WE CAN BE SURE THE NUMBERS
ARE HIGHER.
>> IT'S BEEN HEARTBREAKING
LISTENING TO THE DEATHS ACROSS
THE COUNTRY.
ESPECIALLY THE CHILDREN WHO
ARE DYING FROM THE FLU.
DO WE HAVE ANY DEATHS HERE IN
VERMONT?
>> FOR CHILDREN, WE DON'T HAVE
ANY DOCUMENTED DEATHS.
FOR ADULTS, IT IS A LITTLE
HARD TO SORT OUT YET AT THIS
POINT IN THE SEASON.
IT'S' QUITE EARLY.
BUT WE KNOW THAT EVERY FLU
SEASON ACROSS THE COUNTRY,
LOTS OF OLDER ADULTS, OR THOSE
WITH MANY CHRONIC CONDITIONS,
OR IMMUNOSUPPRESSED PEOPLE
WILL HAVE A HIGHER DEATH RATE
FROM THE FLU.
>> OKAY.
SO IT IS THE MIDDLE OF
FEBRUARY, BUT WE STILL HAVEN'T
REACHED THE PEAK YET FOR FLU
SEASON, IS THAT UNUSUAL?
WHEN WILL WE PEAK IN VERMONT,
AND WHAT DOES THAT MEAN?
>> RIGHT.
WE MAY BE AT OR APPROACHING
THE PEAK NOW.
WHETHER WE ARE OR NOT, WE CAN
ANTICIPATE SEVERAL MORE WEEKS
OF FLU-LIKE ILLNESS IN THE
COMMUNITY.
AND WE ALSO KNOW THAT THE
PREVALENT STRAIN THAT WE ARE
SEEING NOW, H3N2, IS STILL THE
PREVALENT STRAIN IN VERMONT,
BUT THAT THE OTHER STRAIN,
LIKE INFLUENZA B, OFTEN
PRESENT LATER IN THE SEASON.
AS LATE AS EVEN APRIL OR MAY.
>> WE JUST HEARD ABOUT THE FLU
VACCINE AND HOW EFFECTIVE IT
IS, OR NOT EFFECTIVE IT IS
THIS YEAR.
SO THAT STRAIN, THE FIRST
STRAIN YOU WERE MENTIONING,
THAT'S WHAT PEOPLE ARE BEING
VACCINATED FOR, BUT IT'S NOT
NECESSARILY WORKING.
>> EXACTLY.
BUT WE ARE ACTUALLY VERY
PLEASED WITH THE NUMBER THAT
CAME OUT, BECAUSE IT WAS
HIGHER THAN CANADA AND
AUSTRALIA, WHERE THEY HAD
NUMBERS AS LOW AS 10%.
SO I THINK IT IS A DIFFERENT
VACCINE STRATEGY WE USE IN OUR
COUNTRY IN TERMS OF WHO GETS
VACCINATED THAT ACCOUNTS FOR
SOME OF THAT IMPROVEMENT.
WE ARE ESPECIALLY PLEASED TO
SEE THAT THE SIX-MONTH TO
8-YEAR-OLD AGE RANGE HAD EVEN
MORE BENEFIT FROM THE FLU
VACCINE, AND ESSENTIALLY
ELIMINATED ABOUT 1 OUT OF
EVERY 2 POTENTIAL CASES THAT
WOULD HAVE HAD TO SEE A DOCTOR
IN THAT AGE RANGE.
>> WHY IS IT SO DIFFICULT TO
EXACTLY GET THE VACCINATION
CORRECT, EVEN THOUGH WE'VE
BEEN DEALING WITH THE FLU FOR
YEARS.
WHY IS IT SO HARD?
>> RIGHT.
SO SOME OF IT HAS TO DO WITH
THE ACTUAL VIRUS ITSELF.
YOU HEARD A PROMINENT NATIONAL
PERSON IN THE PRELUDE TALKING
ABOUT THE MUTATION AND HOW THE
STRAIN CAN SHIFT FROM YEAR TO
YEAR, AND THE FLU VACCINE IS A
LITTLE BIT OF GUESSWORK INTO
WHAT STRAIN YOU ARE GOING TO
BE SEEING.
THERE'S ALSO A PROBLEM THIS
YEAR WITH SOME ADAPTATION TO
THE EGG MEDIUM WHICH CAUSES
THE FLU VIRUS TO CHANGE IN
WAYS THAT YOU DIDN'T
ANTICIPATE DURING THE SEASON.
AND THEN THERE ARE ASPECTS
THAT PERTAIN TO THE INDIVIDUAL
WHO GETS THE FLU SHOT.
AND WHAT THEIR IMMUNE SYSTEM
IS LIKE.
>> LET'S TALK ABOUT PEOPLE
GETTING THE FLU SHOT.
SO IT IS MID-FEBRUARY, WE KNOW
WE HAVEN'T PEAKED YET.
IS IT TOO LATE TO GET THE FLU
VACCINE?
WILL IT DO ANYTHING?
IT TAKES TWO WEEKS TO KIND OF
KICK IN, RIGHT?
>> CORRECT.
WE STILL BELIEVE IT IS NOT TOO
LATE, AND WE WOULD STILL
ENCOURAGE ANY UNVACCINATED
MEMBERS OF OUR COMMUNITY TO
GET VACCINATED.
ESPECIALLY BECAUSE OF SOME OF
THE STRAINS THAT APPEAR LATER
IN THE SEASON.
THIS VACCINE SEEMS TO BE EVEN
MORE EFFICACIOUS FOR.
>> BESIDES JUST KINDS OF
HELPING WITH THOSE LATER
STRAINS THAT MIGHT POP UP,
WHAT ELSE WOULD GETTING A FLU
SHOT DO, EVEN IF IT IS NOT 100
PERCENT EFFECTIVE?
>> THERE'S SOME BELIEF THAT'S
VALIDATED THAT IF YOU DO GET
THE FLU, EVEN HAVING THE SHOT
YOUR SYMPTOMS MAY BE SLIGHTLY
IMPROVED AND NOT BE QUITE AS
ILL AS YOU WOULD HAVE BEFORE.
PLUS, YOU ARE DOING A GREAT
SERVICE TO MEMBERS OF THE
COMMUNITY WHO ARE LESS
FORTUNATE THAN YOU, PERHAPS,
AND HAVE CHRONIC DISEASES, OR
ARE IN THE AGE RANGES WHERE WE
SEE MORE COMPLICATIONS
DEVELOP, OR HAPPEN TO HAVE
IMMUNOSUPPRESSING ILLNESSES,
BECAUSE THERE WILL BE LESS FLU
IN THE COMMUNITY FOR THEM TO
COME IN CONTACT WITH.
>> WHEN DO YOU KNOW IT IS THE
FLU OR IT'S JUST A COLD, OR
THERE'S SO MANY THINGS THAT
KIND OF GO AROUND, ESPECIALLY
IN A CLOSE WORK SETTING.
HOW DO YOU KNOW IT'S THE FLU?
>> ALL OF US ARE USED TO
GETTING THE COMMON COLD, AND
NO MATTER HOW HEALTHY WE THINK
WE ARE, WE GENERALLY MAY COME
DOWN WITH ONE OR TWO COLDS
DURING THE SEASON.
WE KIND OF TOLERATE THAT.
THE FLU IS USUALLY SOMETHING
THAT MAKES PEOPLE FEEL LIKE
THEY'VE REALLY BEEN HIT BY A
TRUCK.
AND FEVER WILL BE MUCH MORE
PROFOUND.
ACHEYNESS WILL BE MUCH MORE
GENERALIZED AND UNCOMFORTABLE,
IN ADDITION TO THE NAGGING
COUGH AND OTHER RESPIRATORY
SYMPTOMS.
>> WHAT SHOULD YOU DO IF YOU
START TO FEEL LIKE THIS IS THE
FLU?
>> RIGHT.
SO MAIN THING YOU CAN DO FOR
YOURSELF IS, FIRST OF ALL,
STAY OUT OF WORK, OR OUT OF
SCHOOL, DEPENDING ON YOUR AGE,
AND GET YOURSELF OUT OF THE
REST OF THE COMMUNITY, SO TO
SPEAK.
REST, DRINK PLENTY OF FLUIDS.
THE USUAL OVER THE COUNTER
ANTI-INFLAMMATORY DRUGS FOR
ACHES AND PAINS.
IF YOU FEEL ESPECIALLY ILL, OR
IN ONE OF THOSE HIGH-RISK
GROUPS, MEANING A CHILD,
MEANING SOMEONE OVER 50 OR 60,
SOMEBODY WITH CHRONIC
DISEASES, YOU SHOULD SEE A
PHYSICIAN, BECAUSE YOU MAY BE
ELIGIBLE TO RECEIVE ONE OF THE
ANTI-VIRAL DRUGS WE HAVE, THE
MOST COMMON IS TAM I --
TAMIFLU.
THAT COULD BE ASSOCIATED WITH
DECREASE IN THE ILLNESS AND
LESS LIKELY OOD -- LIKELIHOOD
OF DEVELOPING COMPLICATIONS OF
THE FLU.
>> THERE IS A POST GOING
AROUND THAT TAMIFLU IS
RESPONSIBLE FOR INCREASING THE
DEATH TOLL THIS YEAR.
OF COURSE THERE ARE RISKS WITH
TAKING MEDICATION, BUT IS THAT
STATEMENT TRUE?
IS IT RESPONSIBLE FOR MORE
DEATHS?
>> RIGHT.
THAT STATEMENT HAS NEVER BEEN
PRESENT IN ANY MEDICAL
LITERATURE, AND IT WOULD BE
PREMATURE TO TRY TO SAY THAT
ANYONE HAD STUDIED IT
SUFFICIENTLY.
IN A FLU SEASON LIKE THIS,
WHERE THE FLU IS ESPECIALLY
MORE SEVERE AND MORE
WIDESPREAD, WE'RE GOING TO SEE
MORE DEATHS.
IT DOESN'T MEAN THE DRUG
TREATING THAT IS THE CAUSE OF
THE DEATHS.
IT'S THE VIRUS ITSELF, AND THE
INDIVIDUALS WHO ARE GETTING
IT.
SO WE REALLY CAN'T VALIDATE
THAT AT ALL.
THERE HAVE BEEN SOME REPORTS
OF THE MEDICATION CAUSING
NEUROPSYCHIATRIC SYMPTOMS IN
YOUNG CHILDREN.
THAT PEOPLE ARE TAKING MORE
SERIOUSLY, BUT THAT'S
SOMETHING PEOPLE ALREADY KNEW
ABOUT IN TERMS OF WHAT THIS
DRUG COULD DO, AND WE DON'T
THINK IT'S IN A VERY HIGH
PERCENTAGE OF ANYONE WHO IS
GETTING IT.
>> WHEN IT COMES TO SCHOOLS
AND CHILD CARE CENTERS IN
VERMONT, ANY OUTBREAK
SITUATIONS, ANYTHING YOU GUYS
ARE RECOMMENDING THAT PEOPLE
DO TO KEEP THE SPREAD DOWN?
I KNOW I'VE HEARD FROM PARENTS
WHO SAY, YOU KNOW, THE FLU IS
GOING AROUND.
>> YES.
SO THERE ARE A NUMBER OF
LONG-TERM CARE FACILITIES AND
SCHOOLS THAT HAVE HAD
OUTBREAKS IN VERMONT, AND
BECAUSE OF THAT WE RECOMMEND
DEEP CLEANING PROCEDURES,
EITHER WITH COMBINATIONS OF
SOAP AND WATER OR BLEACH AND
WATER, OR EPA-APPROVED
SUBSTANCES THAT ARE MARKETED
TO INSTITUTIONS.
OBVIOUSLY FOR INDIVIDUALS, WE
RECOMMEND STRICT HAND-WASHING,
BUT ALSO IMPROVED RESPIRATORY
PROTOCOL AND HYGIENE, LIKE NOT
COUGHING IN PEOPLE'S FACE, BUT
COUGHING INTO YOUR SLEEVE, ET
CETERA.
SO THAT YOU ARE LESS LIKELY TO
SPREAD FLU DROPLETS.
>> LAST QUESTION HERE.
ANY TRAVEL RESTRICTIONS SO YOU
ARE NOT PICKING UP SOMETHING
FROM ANOTHER STATE AND
BRINGING IT HOME?
>> YOU KNOW, I THINK WE ARE
BEYOND THE TIME FOR THAT.
I THINK WE SAW A GREAT UPTICK
IN THE FLU AFTER THE CHRISTMAS
HOLIDAY BREAK, AND EVERYBODY
HAD BEEN DOING JUST WHAT YOU
DESCRIBED NOW.
NOWADAYS, I THINK IT IS STILL
IMPORTANT, JUST LIKE WE TELL
YOU TO STAY OUT OF SCHOOL, OR
STAY OUT OF WORK, THAT IF YOU
ARE GETTING SYMPTOMATIC, YOU
DON'T BELONG ON AN AIRPLANE,
EITHER.
BECAUSE YOU ARE GOING TO
SPREAD YOUR SYMPTOMS.
BUT IT'S PRETTY MUCH SPREAD
EVERYWHERE THROUGH EVERY STATE
ALREADY, AND NOW WE ARE SEEING
THE IMPACT OF THAT.
>> OKAY.
THANK YOU SO MUCH FOR JOINING
US, AND GIVING US ALL OF THAT
WONDERFUL INFORMATION.
LOVELY TO HAVE YOU.
>> THANK YOU.
>> STILL AHEAD, ALARMING
NUMBER OF CHILDREN IN VERMONT
DON'T HAVE ACCESS TO CHILD
CARE, LEAVING PARENTS
SCRAMBLING.
COMING UP, WHY SOME SAY THAT'S
CREATED WORKFORCE INEQUALITY.
PLUS, ARE YOU READY TO RETIRE?
A FINANCIAL ADVISOR TALKS
ABOUT NOT PANICKING AS THE
MARKET CHANGES.
WHAT YOU NEED TO KNOW NEXT.
>>>
>>> WELCOME BACK.
I'M ALEXANDRA MONTGOMERY, IN
FOR DARREN.
THE LATEST NEWS AND WEATHER AT
THE TOP OF THE HOUR.
CHANNEL 3 SCOTT FLEISHMAN IN
THE NEWSROOM WITH A PREVIEW OF
WHAT'S COMING UP ON "THE
WEEKEND."
WHAT ARE YOU WORKING ON?
>> ALEXANDRA, A LOOK AHEAD TO
A VERY INTERESTING MONDAY AT
BURLINGTON HIGH SCHOOL.
THE BLACK LIVES MATTER FLAG
WILL BE RAISED THERE.
THE BURLINGTON SCHOOL BOARD
UNANIMOUSLY PASSED THE
RESOLUTION TUESDAY.
STUDENTS PRESENTED THE BOARDS
WITH A PETITION OF MORE THAN
450 SIGNATURES.
THERE ARE MIXED FEELINGS ON
THIS ISSUE, AS SOME FEEL IT
PROMOTES DIVISION, NOT
EQUALITY.
WE'LL HEAR FROM BOTH SIDES.
AND CHECK THIS OUT.
A FULL-SIZED ROBOTIC ELEPHANT
MAKING AN APPEARANCE AT A
BURLINGTON AFTER-SCHOOL
PROGRAM.
IT IS AN IMAGE THAT THESE
STUDENTS WON'T FORGET.
GET IT, ELEPHANT?
FORGETTING?
WE WILL TELL YOU WHY THE
ELEPHANT WAS THERE.
IT LOOKS LIKE WE HAD A LOT OF
SNOW OVERNIGHT.
DAVE WILL BE ALONG TO LET US
KNOW IF THE WEATHER WILL BE
CLEARING OUT, WHAT WE CAN
EXPECT FOR THE WORKWEEK.
ALL COMING UP AT THE TOP OF
THE HOUR.
ALEXANDRA?
>> SOUNDS GREAT, THANK YOU
VERY MUCH.
A WILD RIDE ON WALL STREET
RECENTLY.
INVESTORS WORRIED ABOUT
INFLATION.
SO WHAT SHOULD YOU DO IF YOU
ARE NEARING RETIREMENT, OR IF
YOU ARE JUST GETTING STARTED
ON PLANNING FOR YOUR FINANCIAL
FUTURE?
CHANNEL 3'S DARREN PERRON SITS
DOWN WITH CHRISTINE MORIARTY,
A FINANCIAL PLANNER, AT
MONEYPEACE.
>> SO THE MARKETS HAVE BEEN
PRETTY VOLATILE OVER THE LAST
COUPLE WEEKS.
WHAT WOULD YOUR ADVICE BE TO
SOME FOLKS WHO MAY BE CLOSE
TO, OR AT RETIREMENT AGE?
>> WELL, FIRST OF ALL, DON'T
STRESS OUT TOO MUCH, BECAUSE
YOU HAVE NO CONTROL OVER THE
MARKET.
YOU DO HAVE CONTROL OVER THE
CHOICES YOU ARE MAKING AROUND
YOUR MONEY.
AND THAT WAY MEANS MAKE SURE
YOU HAVE SOME CASH OUTSIDE OF
RETIREMENT TO ACCESS.
MAKE SURE THAT YOU HAVE SOME
INVESTMENTS THAT AREN'T IN THE
STOCK MARKET.
SO THEY ARE IN BONDS, IN CASH,
SO YOU HAVE SOME BASE LEVEL TO
OPERATE FROM.
>> IS THE MARKET MORE VOLATILE
THAN USUAL?
AND, IF SO, WHY?
>> WE ARE NOTICING IT.
SO LET'S PUT IT THAT WAY.
I DON'T THINK IT'S MORE
VOLATILE THAN IN THE REACTION
THAT PEOPLE ARE TAKING ON IT,
BECAUSE THE MARKET WAS AT 26,
WHEN IT GOES DOWN 1500, THAT'S
A BIG DROP.
HOWEVER, PERCENTAGE WISE, IT
IS ABOUT 4, 5%.
SO IT IS NOT A HUGE DROP IN
MARKET TERMS.
LAST YEAR THE STOCK MARKET
AVERAGED 22%.
THE STOCK MARKET OVER THE LONG
TERM, AVERAGES 10%.
SO IF IT'S GONE UP THAT HIGH,
IT'S BOUND TO LEVEL OFF AT
SOME POINT.
SO I THINK IF YOU KEEP THAT IN
MIND, THAT IT ISN'T A STRAIGHT
LINE UP, AND THAT IS WHAT
WE'VE BEEN WATCHING FOR THE
PAST THREE YEARS.
>> SO YOU KIND OF ALLUDED TO
THIS, PEOPLE SHOULD NOT BE
PANICKING AT THIS POINT.
>> NO.
AND I THINK IT COMES DOWN TO
REALLY HAVING A GOOD PLAN.
NOW, I AM A CERTIFIED
FINANCIAL PLANNER.
I AM ALSO A PLANNER
PERSONALLY, SO YOU WANT TO
THINK AHEAD, AND HAVE THE CASH
YOU NEED SO YOU ARE NOT
THINKING, YOU KNOW, SOMEONE MY
AGE IS NOT GOING TO USE ALL
THIS MONEY IN THE NEAR FUTURE,
SO THEY CAN HAVE -- I CAN HAVE
A LITTLE MORE IN THE STOCK
MARKET THAN SOMEONE WHO IS
RETIRED.
SO PEOPLE WHO ARE RETIRED
LIVING OFF THIS MONEY NEED TO
HAVE LESS IN THE STOCK MARKET.
>> SO WHAT IF YOU ARE JUST
STARTING TO PLAN FOR YOUR
FINANCIAL FUTURE.
TH A GOOD TIME -- IS THIS A
GOOD TIME TO GET IN ON THE
STOCK MARKET, OR SHOULD WE
WAIT TO SEE HOW THIS PLAYS
OUT?
>> IF YOU ARE JUST BEGINNING
TO PLAN FOR YOUR FINANCIAL
FUTURE, THERE IS A WHOLE RANGE
OF THINGS YOU GOT TO BE
LOOKING AT.
DO YOU HAVE A SAFETY ACCOUNT,
ARE YOU PLANNING ON BUYING A
HOUSE?
BECAUSE THAT MONEY CERTAINLY
SHOULDN'T GO IN THE STORK
MARKET.
IF YOU ARE TALKING ABOUT --
STOCK MARKET.
IF YOU ARE TALKING ABOUT
RETIREMENT MONEY, NO REASON
NOT TO GO IN.
WE DON'T KNOW IF IT'S THE
BOTTOM.
IF ANYONE TELLS YOU THEY KNOW,
OR THE MARKET IS NOT GOING
DOWN MORE, DON'T LISTEN TO
THEM.
BUT IT IS A GOOD TIME TO GET
IN LITTLE BY LITTLE.
CALLED DOLLAR COST AVERAGING.
SO SMALL AMOUNTS GOING IN ON A
REGULAR BASIS, PERFECT WITH
YOUR 401k OR OTHER RETIREMENT
PLAN.
>> HOW DO YOU DETERMINE THE
KIND OF STRATEGY THAT IS GOING
TO WORK FOR YOU?
>> IT HELPS TO WORK WITH A
PROFESSIONAL, WHO IS A
FINANCIAL PLANNER, OR
CERTIFIED AND TRAINED WELL.
OVERALL KIND OF A THEME THAT
YOU WANT TO LOOK AT IS TAKE
110 MINUS YOUR AINGE.
THAT'S THE PERCENTAGE YOU
SHOULD HAVE IN THE STOCK
MARKET.
A 50-YEAR-OLD WOULD HAVE 60%
OF THEIR MONEY IN THE STOCK
MARKET.
BUT A 70-YEAR-OLD WOULD HAVE
30%.
SO THAT GIVES YOU SOME -- A
GUIDELINE TO START WITH.
BUT TALKING TO A PROFESSIONAL
CAN REALLY HELP.
>> I APPRECIATE YOUR TIME THIS
MORNING.
THANK YOU.
>> MY PLEASURE.
THANKS FOR HAVING ME.
>> MOVING TO RENEWABLE ENERGY
NOW, ADVOCATES SAY POLITICIANS
IN MONTH FEELIER AND
WASHINGTON ARE -- MONTPELIER
AND WASHINGTON ARE HURTING THE
SOLAR INDUSTRY.
MEANWHILE, UTILITIES AND STATE
LEADERS SAY THE POLICY CHANGES
ARE GOOD FOR RATEPAYERS.
CHANNEL 3'S POLITICAL REPORTER
NEAL GOSWAMI EXPLAINS.
>> WHEN WE HAVE VOLATILITY IN
STATE REGULATIONS AND THE
FEDERAL SCENE, IT CREATES
CHALLENGES FOR BUSINESSES TO
KNOW WHAT ARE THE RULES.
>> RENEWABLE ENERGY VERMONT,
OLIVIA CAMPBELL ANDERSON, SAID
THE NEW CENSUS SHOWS VERMONT'S
SOLAR INDUSTRY LOST 232
FULL-TIME JOBS IN 2017.
THAT'S 15% OF THE WORKFORCE.
SHE BLAMES THE REGULATORY
ENVIRONMENT.
>> WE THINK THAT IS THE
PRIMARY DRIVER BEHIND THE LOSS
OF JOBS THAT WE SAW IN THIS
YEAR'S SOLAR KREN SUGGESTION.
>> -- CENSUS.
>> PRESIDENT TRUMP APPROVED
TEAR I WAS ON FOREIGN SOLAR
PANELS BOUGHT BY VERMONT
COMPANIES, AND THE STATE HAS
CHANGED ITS NET METERING
PROGRAM, A SYSTEM THAT ALLOWS
POWER CUSTOMERS TO SEND SOLAR
POWER THEY GENERATE BACK TO
THE ENERGY GRID IN EXCHANGE
FOR CREDIT.
NEW RULES ENCOURAGE COMMUNITY
SOLAR PROJECTS AND HELP
RATEPAYERS WHO SUBSIDIZE THE
ABOVE-MARKET RATES UTILITIES
ARE REQUIRED TO PAY FOR POWER
GENERATED UNDER THE PROGRAM.
CAMPBELL ANDERSON SAYS THOSE
CHANGES AND PERMIT HURDLES ARE
HINDERING NEW SOLAR PROJECTS.
>> FOR THE FIRST TIME EVER,
VERMONT HAS HAD BOTH A DECLINE
IN LOCAL SOLAR JOBS, AND A
DECLINE IN THE AMOUNT OF SOLAR
THAT WAS PERMITTED.
>> RILLEY ALLEN IS THE DEPUTY
COMMISSIONER OF THE MUST BE
LICK SERVICE DEPARTMENT.
HE SAID CAMPBELL ANDERSON IS
CORRECT, BUT ALLEN SAID THE
DECLINES IN 2017 AREN'T
ALARMING, BECAUSE OF THE RAPID
GROWTH OF TWO A PREVIOUS
YEARS.
>>
>> WE ARE DOING VERY WELL.
WE HAVE IN EXCESS OF 250 MEGA
WATTS OF CAPACITY.
>> AND AT LEAST ONE VERMONT
UTILITY IS NOT SEEING SOLAR
SUFFERING FROM NEW NET
METERING RULES.
>> WE ACTUALLY HAVE MORE
APPLICATIONS IN 2017 THAN WE
HAD IN THE PREVIOUS THREE
YEARS COMBINED.
>> CAMPBELL ANDERSON SAID SHE
ISN'T SEEKING TO ROLL BACK THE
RULES.
SHE JUST WANTS TO STOP ANY
MORE CHANGES.
>> WE ARE NOT ASKING FOR RULE
CHANGES.
WHAT WE ARE ASKING FOR IS
STABILITY.
>> ALLEN SAID VERMONTERS
SHOULDN'T BE CONCERNED.
>> WORRYING ABOUT THE YEAR TO
YEAR AFTER A SIGNIFICANT
RUN-UP LIKE WE SAW ISN'T WHAT
I THINK AS WORRISOME.
>> ALLEN SAID IF THE JOB
LOSSES CONTINUE, IT WILL BE
TIME TO WORRY.
REPORTING IN MONTPELIER, NEAL
GOSWAMI, CHANNEL 3 NEWS.
>> UP NEXT, PROBLEMATIC
NUMBERS SHOW PARENTS ARE
STRUGGLING TO FIND CHILD CARE
FOR THEIR KIDS.
WHAT'S BEING DONE ABOUT IT.
THE ANSWER DURING A LIVE
INTERVIEW NEXT.
>>> WELCOME BACK.
VERMONT PARENTS CONTINUE TO
STRUGGLE TO FIND CHILD CARE
WITH ACCESS BEING STALLED AT
THE START FOR YEARS.
ACCORDING TO A NEWLY RELEASED
STUDY, THERE ARE NEARLY 13,000
CHILDREN UNDER THE AGE OF 3
WHO NEED CHILD CARE IN
VERMONT, BUT 65% OF INFANTS
DON'T HAVE ACCESS TO REGULAR
CARE, AND 84% DON'T HAVE
ACCESS TO HIGH-QUALITY CARE.
THESE ARE THE SAME PROBLEMATIC
NUMBERS THAT WE'VE SEEN IN
RECENT YEARS, ROBBING FREE --
ROBYN FREEDNER-MAGUIRE WITH
LET'S GO KIDS VERMONT, WHY
DOES VERMONT SEE SUCH GAPS IN
ACCESS?
>> THE NUMBER ONE REASON IS
THAT WE ARE SIMPLY NOT
INVESTING ENOUGH MONEY IN THE
CHILD CARE SYSTEM HERE IN THE
STATE.
WE CONSISTENTLY UNDER INVEST
IN A SYSTEM WE KNOW IS
CRITICALLY IMPORTANT TO
SUPPORTING THE HEALTHY
DEVELOPMENT OF YOUNG KIDS, THE
SUPPORT OF WORKING FAMILIES,
AND ALSO TO SUPPORTING OUR
BUSINESSES WHO NEED A RELIABLE
WORKFORCE.
SO WE'VE BEEN DOING A LOT OF
WORK TO PROVIDE EDUCATION
ACROSS THE STATE, BUT ALSO TO
WORK WITH LEGISLATORS AND HELP
THEM REALLY UNDERSTAND WHAT AN
INCREDIBLE OPPORTUNITY WE HAVE
TO INVEST IN OUR CHILD CARE
SYSTEM, AND WHAT IT CAN DO FOR
VERMONT.
BUT WE STILL HAVE A LONG WAYS
TO GO.
>> LET'S START AT THE
BEGINNING A LITTLE BIT.
WHEN READING THROUGH THE
STUDY, YOU SEE THAT THERE IS A
DIFFERENCE BETWEEN THE REGULAR
ACCESS TO CHILD CARE, AND
HIGH-QUALITY ACCESS.
WHAT IS THE DIFFERENCE BETWEEN
THE TWO?
>> SO, IN VERMONT THERE'S A
SYSTEM THAT'S CALLED A STAR
SYSTEM, IT IS A QUALITY RATING
SYSTEM HERE.
SO A LOT OF PARENTS WHO HAVE
CHILDREN IN CHILD CARE ARE
FAMILIAR WITH IT, CERTAINLY
CHILD CARE PROVIDERS ARE AS
WELL.
AND CHILD CARE PROVIDERS WHO
PARTICIPATE IN THE STAR SYSTEM
ARE GOING ABOVE AND BEYOND BAY
IS -- BASIC REGULATIONS FOR
THE STATE.
IT IS THINGS LIKE PROFESSIONAL
DEVELOPMENT, WHAT THE
PROGRAMMING LOOKS LIKE, WHAT
THE ENVIRONMENT IS LIKE FOR
CHILDREN, AND IN THE START OF
THE STAR REPORT, WE ARE
LOOKING AT PROGRAMS THAT ARE
FOUR AND FIVE STARS, WHICH ARE
CONSIDERED HIGHER QUALITY.
THERE'S BEEN A LOT OF SCIENCE
THAT HAS REALLY SHOWN US THAT
CHILDREN REALLY NEED TO BE IN
A HIGH-QUALITY SETTING IN
ORDER FOR US TO SEE THE TYPES
OF OUTCOMES THAT WE WANT FOR
THEM TO HAVE.
AND SPECIFICALLY WHAT WE ARE
TALKING ABOUT IS IF WE WANT
CHILDREN PREPARED TO GO INTO A
PUBLIC EDUCATION SYSTEM, FOR
EXAMPLE, WE WANT TO MAKE SURE
THEY HAVE THE SOCIAL AND
EMOTIONAL DEVELOPMENT THEY
NEED TO BE SUCCESSFUL IN LIFE,
THE COGNITIVE DEVELOPMENT THAT
THEY NEED TO BE SUCCESSFUL IN
LIFE, AND IT TAKES INVESTMENT
TO MAKE THAT HAPPEN.
AND INVESTMENT IN THE
PROVIDERS WHO ARE REALLY
OFFERING THAT SERVICE TO
FAMILIES HERE IN THE STATE.
>> NOT ONLY IS THIS A PROBLEM
FOR PARENTS, THEN, WHO
STRUGGLE TO FIND CARE, BUT
KIDS ARE THEN ALSO KIND OF NOT
EQUAL THEN WHEN IT COMES TO
THE KIND OF EDUCATION THEY ARE
BEING PROVIDED WITH?
>> IT IS INTERESTING, YOU
KNOW, WHEN WE LOOK AT HUMAN
DEVELOPMENT, THE MOST CRITICAL
TIME IN HUMAN DEVELOPMENT IS
BETWEEN ZERO AND 5.
THE BRAIN IS JUST DEVELOPING
AT SUCH A RAPID PACE.
AND AT THE SAME TIME, THINGS
HAVE REALLY CHANGED, BOTH
PARENTS ARE IN THE WORKFORCE,
WE KNOW HERE IN VERMONT, 70%
OF CHILDREN UNDER THE AGE OF 6
HAVE ALL OF THEIR PARENTS IN
THE WORKFORCE.
SO WHAT THAT MEANS IS, THOSE
CHILDREN ARE LIKELY TAKEN CARE
IN A CHILD CARE SETTING, AND
THAT MEANS WE NEED TO HAVE A
HIGH-QUALITY CHILD CARE
SETTING TO MAKE SURE THAT WE
ARE SUPPORTING THE HEALTHY
DEVELOPMENT OF THEIR BRAIN.
IT REALLY STARTS DAY ONE OF
LIFE, AND IT IS THE BEST
OPPORTUNITY THAT WE CAN GIVE
EVERY CHILD A STRONG START
HERE IN THE STATE.
>> SO WHAT IS BEING DONE.
YOU MENTIONED WORKING WITH
LAWMAKERS.
YOU MENTIONED A SHORTAGE IN
FUNDS.
THERE IS A $9.2 MILLION GAP IN
SFUND -- FUNDING.
WHAT IS BEING DONE TO CLOSE
THE GAP?
>> THAT'S RIGHT.
THERE IS A CHILD CARE
FINANCIAL ASSISTANCE PROGRAM
THAT IS OFFERED TO CHILDREN
AND THEIR FAMILIES, THAT'S
TUITION ASSISTANCE,
ESSENTIALLY, SO THEY CAN
AFFORD CHILD CARE.
VERY IMPORTANT MONEY.
THERE'S JUST A HUGE GAP, IN
FUNDING.
SO WE ARE ADVOCATING FOR 9.2
MILLION DOLLARS SO THAT WE CAN
CLOSE THAT GAP.
IF THE TUITION IS AT $300,
JUST AS AN EXAMPLE, THE STATE
IS NOT REIMBURSING THAT WHOLE
AMOUNT OF $300, SO THERE IS A
MAJOR GAP THAT HAPPENS BETWEEN
WHAT IT ACTUALLY COSTS TO
PROVIDE CARE AND WHAT THE
STATE IS PROVIDING.
AND WHO PAYS FOR THAT GAP.
IT'S THE PARENTS WHO PAY ARE
FOR THAT GAP, OR IT IS THE
CHILD CARE PROVIDERS THAT PAY
FOR THAT GAP.
AND THAT'S THE REASON WHY THE
SYSTEM IS SO TENUOUS.
BECAUSE WE HEAR FROM PARENTS
ALL THE TIME, THEY ARE PAYING
UP TO 40% OF THEIR HOUSE HOLD
INCOME.
IT IS A HUGE COST BURDEN ON
PARENTS.
WE ALSO KNOW THAT CHILD CARE
PROVIDERS AREN'T GETTING PAID
ON AVERAGE $25,000 A YEAR,
GENERALLY, WITHOUT BENEFITS.
IT IS A SYSTEM THAT IS
STRETCHED.
IT'S STRUGGLING.
AND WE KNOW THAT WE HAVE TO
START INVESTING IN IT IF WE
WANT TO REALLY CHANGE THE
OUTCOMES FOR KIDS, AND IF WE
WANT TO HAVE VERMONT BE
ECONOMICALLY VIABLE.
>> SO PARENTS WHO ARE NOT
PAYING, THEN, ARE HAVING TO
STAY HOME WITH THEIR KIDS, IF
THEY CAN'T AFFORD IT, OR THEY
CAN'T GET ACCESS TO IT.
AND THAT'S CREATED WORKFORCE
INEQUALITY.
CAN YOU EXPLAIN THAT?
>> WELL, WE'VE HEARD

REPEATEDLY, PARTICULARLY FROM
MOMS WHO ARE WORKING THAT THEY
HAVE TO MAKE REALLY TOUGH
CHOICES.
OFTEN THEY HAVE TO LEAVE THEIR
CAREERS OR THEIR PROFESSION,
OR THEY ARE NOT ABLE TO ACCEPT
PROMOTIONS, OR THEY GO BACK TO
PART-TIME BECAUSE THEY SIMPLY
CAN'T AFFORD CHILD CARE.
AND THAT HAS A LIFETIME IMPACT
ON THEIR ECONOMIC HEALTH
ESSENTIALLY.
SO WOMEN OFTEN FACE THE
ADVERSE IMPACT OF US NOT
HAVING A HIGH-QUALITY
AFFORDABLE CHILD CARE SYSTEM,
BUT I ALSO WANT TO NOTE THAT
BUSINESSES SEE THIS AND KNOW
THIS FIRSTHAND FROM THEIR
EMPLOYEES.
WE'VE BEEN REALLY IMPRESSED
WITH THE BUSINESSES HERE IN
THE STATE AS WE HAVE BEEN
TALKING ABOUT THIS ISSUE WHO
HAVE SAID WE HAVE A REALLY
HARD TIME RECRUITING PEOPLE
FROM OUT OF STATE TO COME HERE
BECAUSE CHILD CARE IS SUCH A
CHALLENGE.
OR WE HAVE EMPLOYEES WHO WE'VE
REALLY WANTED TO BE ABLE TO
KEEP ON, BUT WE CAN'T BECAUSE
ALTHOUGH WE ARE PAYING HIM
WELL, CHILD CARE EXPENSE IS SO
HUGE, THE MATH JUST DOESN'T
WORK FOR THEIR FAMILIES.
SO WE ARE ADVOCATING VERY
STRONGLY WITH THE LEGISLATURE
TO START MAKING THE WISEST
INVESTMENT WITH TAXPAYER
DOLLARS THAT THEY POSSIBLY CAN
MAKE, AND AT THE SAME TIME
LET'S GO KIDS HAS A SISTER
ORGANIZATION CALLED VERMONT
BIRTH TO FIVE, AND THEY WORK
DIRECTLY WITH CHILD CARE
PROVIDERS IN THE FIELD, AND
PEOPLE WHO ARE INTERESTED IN
BECOMING CHILD CARE PROVIDERS
TO HELP BUILD UP CHILD CARE
SLOTS HERE IN THE STATE.
AND THEY JUST LAUNCHED THIS
EFFORT AT THE BEGINNING OF THE
YEAR.
THE GOAL IS TO GET 500 NEW
HIGH-QUALITY SLOTS AND
HIGH-QUALITY IS VERY
IMPORTANT, ACROSS THE STATE,
AND SO THERE'S SORT OF A BOOTS
ON THE GROUND TO MAKE SURE WE
BUILD A STRONG SYSTEM.
>> VERY QUICKLY HERE, YOU GUYS
ARE MEETING WITH LAWMAKERS ON
THURSDAY TO TALK ABOUT
WORKFORCE INEQUALITY.
>> THAT'S RIGHT.
WE HAVE A PRESS CONFERENCE
COMING UP.
WE ARE GOING TO TALK TO THEM
ABOUT HOW THIS REALLY IMPACTS
WOMEN IN THE WORKFORCE.
>> OKAY.
WELL, THANK YOU SO MUCH FOR
JOINING ME.
THANK YOU FOR WATCHING.
THE NEWS CONTINUES RIGHT NOW
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