Podcast 334

Target Layoffs. While there’s a lot of news — or is that noise — about Hillary Clinton’s email, the iWatch from Apple and more nonsense than you can stand about the 2016 election cycle, some real news hits home in the Twin Cities as the crown jewel of Minneapolis Downtown, Target Corporation lays off 3100 people, mostly from the downtown headquarters. Target says the jobs will not be coming back. Of course the rah rah Minneapolis-Saint Paul media goes for the emotional angle; the human cost of layoffs and so forth, complete with soothing public relations from Governor Mark Dayton and the Target CEO. These people get 15 weeks of severance, we’re renewing our commitment to Minnesota and so on. Just last week General Mills, another Twin Cities mainstay let hundreds of middle managers go. When you look at these two big companies, you have to wonder if there’s something going on, despite rosy scenarios about the US Economic ‘recovery’. Over the years there’s been a lot of cheerleading and downtown boosterism from the biggest booster of them all, The Star Tribune. The ‘Trib’ is constantly promoting the Minnesota Miracle of Public-Private Partnerships and the wonders of what government can do for people. Is it a miracle?  Or becoming a bloated, bureaucratic, crony-capitalist cartel benefitting the rich sports team owners and companies big enough to benefit from the tax breaks? Is it too soon to start asking whether the template – the whole philosophy – of development in the urban centers of this state, is really an outdated, early twentieth century vision? The boosters say Millennials will move in to these downtown areas in droves, you’ll see. This week a new study shows that while some millennials are moving into dense urban centers with hipster apartments, bike trails and light rail, built and subsidized at enormous expense to taxpayers, not enough of them are moving into those downtown areas to be significant, when considering metro areas as a whole. Meanwhile, the tax bill in close ring suburbs goes higher and higher, as does a hamburger and a beer in downtown or uptown. And the same vision is pushed for the first ring suburbs like Saint Louis Park, Hopkins, Eden Prairie, Bloomington, and Richfield, to name a few. More and more big companies are using new technology to downsize and eliminate jobs in the vast middle level management job categories, especially in their ritzy downtown headquarters. 50 years ago Moore’s law established the integrated circuit as one of the most explosive forces in history. Today Moore’s law is back with a vengeance as we pass 25 billion transistors on one chip, we’re seeing exponential redoubling of capabilities, and the arrival of a very disruptive new age. Autonomous machines, robotics, drones, advanced communications, the Internet of things, and more, suggest the future imagined by the central planners in Saint Paul, The Met Council, the Capitol and at Minneapolis’ City Hall might be a dystopia after all. Live from the deck on the first Spring night 

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Podcast 275

Nye’s Bar To Close. The news came down in the last few weeks, the iconic Minneapolis Nye’s Bar will be closing sometime in August or September of 2015. The Bob Davis Podcast visits Nye’s on a Friday to give listeners the feel of the place. Opened in 1950, Nye’s Polonaise Room was kind of the grandma and grandpa bar in the late 70’s, and through the 80’s. Hipsters love its 1950’s decor, red naugahyde booths and kitchy piano bar. Nye’s Bar – featuring a polka band – is even funkier, and is older than the Polonaise Room. What’s not for hipsters to like? The owners are closing the restaurant and bar because they say, even with its popularity, there’s not enough business during the week, despite a ton of people there on the weekends, to keep the place open. What will replace Nye’s? A 20 to 30 story glass tower apartment building, according to owners. Minneapolis has always had a penchant for destroying the old, and putting up modern glass and brick buildings, and nothing has changed. The new city council apparently favors this kind of development, so don’t look for too many roadblocks. Yes, Nye’s owners ought to be able to do whatever they want with their business. But, regional plans, city plans, subsidies and things like taxpayer funded stadiums all over the place doesn’t bode well for mom and pop structures. Rents are going up. Costs to businesses are going up, as condos and apartments only trust fund babies can afford all over the city. They keep saying they want soul, but they keep tearing down all the soulful buildings. When is it too much development? What are the real costs of such subsidized development? This podcast also features some of the people singing at the Piano Bar. Some are better than others, but some of them were really good. Spend an evening at the Nye’s Piano Bar before it all goes away. It’s actually really special entertainment. In fact, play the podcast, and you’ll spend an evening at Nye’s again and again, long after it is gone. Sponsored by Ryan Plumbing and Heating of Saint Paul