Podcast 520-Bob Davis Podcasts Radio Show-33. Heading into the the US Independence Day Holiday. The British Exit Vote Fallout and the potential for a Black Swan event are covered extensively in Podcast 520-Bob Davis Podcasts Radio Show-33 with new original content and excerpts from this week’s podcasts. Oddly enough the ‘mother country’, Great Britain, declared her own independence with the vote to exit the Euro Zone just over a week ago. In an echo of British reaction to the colonies’ declaration of independence in 1776, the unelected suzerains of the European Union were first shocked, then angry. Media reaction to the British vote shifted from hysterical to hostile. Let’s not forget that coverage of the vote did not detail the contours of the issue. There was very little reporting, before the vote, on which trade agreements the UK has with the EU might be effected, the fact that the vote is not binding, or how the UK might invoke the Lisbon Treaty in preparation for an exit. On the business side of the equation, all Americans heard was that the markets were crashing and it would be the end of the world, financially speaking. Slightly more than a week later, markets are recovering as buying opportunities abound. Here’s another example of a situation where the media fails to cover an event, other than to ‘predict’ the outcome of a vote, and then loses its head once an outcome it did not predict, occurs. In this review of the week’s podcast and the week’s news, two segments are devoted to reaction to the British Vote and what it might mean. Some Americans might be surprised to learn that the implications of the British vote aren’t limited just to the UK, but also include countries and people everywhere that feel the heavy weight of government on their backs. A ‘government’ always there to cure all that ails us, never has to explain its incompetence. Maybe this is what voters in Britain might be saying. With all the shouting and screaming and pounding, the telling you want to think, how to act and what you ‘should’ and ‘should not’ do, it might be a good time to take stock and spend some time with your family. How many people have this feeling that another shoe is about to drop. What is the possibility of a Black Swan Event? An historic event with the power to influence politics and society far into the future? Despite all the conspiracy theories about the people in charge maybe the truth is, they really don’t have a clue what they’re doing which is actually pretty frightening? So enjoy your burgers and beer, pretzels and family. If we are on the verge of a major event, we’ll look back on the summer of 2016 as that moment in time before everything changed.
How Media Has Changed. I’m about to go to my high school reunion, but for me, it’s a different kind of high school reunion. At over a thousand in my graduating class, it was way to big and impersonal for a full reunion. So, we’re having a reunion of graduates of the school’s ‘radio lab’ program, which included the high school radio station, where the ‘radio bug’ first bit. In a mid fall relaxed conversation on the deck with a fire, on a warm midnight, it’s time to talk about how television and radio have changed over the years giving way to social media, time shifting, video games, You Tube, cable only series and now serial dramas, really produced exclusively for viewing on line, or on specific sites. We used to have a collective experience — watching the same shows when they came on or watching events as they unfolded in real time. Those shared societal experiences don’t happen very often these days, aside from sporting events or monolithic breaking news stories. We do have collective experiences, but they happen at different times. What are you watching these days? Dramas? News? Comedy? Documentaries? Most people aren’t watching commercials anymore, taking the feed direct from the line, but they’re time shifting, watching more TV, consuming more information, but in a different way. How have opportunities to message the public changes. Besides, its fun sometimes to talk about what we’re watching. What is media? Sponsored by Ryan Plumbing and Heating of Saint Paul and Eric and Erum Lucero of Pride of Homes and Luke Team Real Estate.
Final Mad Men. On the night of the final episode of the AMC hit show Mad Men a review of the top stories for the week of May 18th. The economic news these days isn’t good, but you don’t hear too much talk about it because the magpies in the mainstream media are too busy grousing about funding for their precious personal train service in the North Eastern Corridor known as Amtrak, a service the rest of America does not ride very much but has to pay for anyway, or the 45 idiots running for President and what a few Iowans think of them. Meanwhile, the US economy just put in the worst numbers since 2008. Don’t worry, the sunny analysts say, it’s the result of the West Coast Port Strike resolution. Or, the weather. Or … something. There’s always an excuse. Meanwhile economists and analysts are telling us, no-growth is probably the new normal. Really? The future belongs to those who build it, and people who actually build things don’t pay any attention to those who measure, analyze and report what ‘will be’. Its time we had a conversation about what’s really wrong; pursuit of Keynesian economics — or whatever you call whatever it is the policy makers are doing — and its powerfully destructive effect on the world economy. Whether you’re talking about China, Europe, Latin America or Japan, things ain’t to rosy, even though they keep saying, “Don’t worry it’ll get better next month”. Manufacturing is way down. Why? Because of a slow down in the energy industry, after all the so called ‘experts’ said lower gas prices acted as a tax cut on the economy … since all they ever think about is stimulating the consumer. Meanwhile, consumers aren’t seeing any wage growth and are exhausted because the economy is not growing. Who’s fault is it? Who’s in charge? Too much spending, too much taxation and regulation, and not enough leaving people alone to solve their problems. It’s time we cut the government back to what is required to protect our rights, and nothing more. Cut spending, cut taxes and cut regulations, and watch the economy grow. And, people are already working in ways we couldn’t have imagined twenty years ago. There’s a new kind of worker, who employs services like AirBNB and work hubs to cut the strings completely, and wander the world, working when and where they choose. You might be surprised at how easy it is … right now. Finally, are a few hundred Iowa Republicans (Editor’s note: I mean political groupies) the reason people are already sick of a presidential campaign that hasn’t even started yet? Is it time to politely tell Iowa to stick a sock in it? Sponsored by Ryan Plumbing and Heating of Saint Paul.