Podcast 268

Not 1995! Lots of stories in the news about real estate and consumer culture, and the state of retail. Its starting to feel like the business models that have propelled us from the 90’s aren’t working so well anymore. Now analysts wonder why millennials aren’t buying homes. Zillow theorizes that people are trapped in a high rent situation that prevents them from saving for a home down payment. There’s a greater question though. While we have been subjected to one rosy scenario after another about housing’s comeback — which really hasn’t materialized — when repairs, taxes, assessments, interest and other costs of home loans over thirty years are considered, do you think owning really that much economical? With millennials burdened by student loans, the specter of higher lifetime social security costs and poor quality employment, is anyone really that surprised they’re not in the home buying mood? Then, when you consider higher spending and debt levels, and the pension commitments for state and local governments, would you say you think taxes will be going down, or up? Potential buyers are also factoring this in, and the cost of the urban utopia created by subsidies, federal spending and higher taxation. Finally, have you priced homes in these urban utopias millennials supposedly want to live in? By the way, a new survey says the one thing people ‘blow’ their budget on these days is eating out, all the more expensive in the ‘urban utopia’, ruled by broke hipsters. When millennials finally do start families, they’ll be looking in the suburbs for housing because its more affordable. Then there’s the retail question. This week congress decided not to tax purchases made on the Internet, much to the chagrin of retailers that have been manhandling their legislators to push for a tax to ‘even the playing field’. More and more there are examples of how retailers want to use law and licensing to fence off competition. Meanwhile their business models suck. Poor service, high prices, snooty attitudes; It’s no wonder people want to buy things on line. Uber’s fight to get into Portland and New York City are just two examples; There taxi drivers try to fence off competition by selling ‘licenses’ rather than providing a service people want. We’re on the cusp of big changes when it comes to consumer culture in America, and it’s a good thing. Sponsored by Ryan Plumbing and Heating of Saint Paul and by Depotstar.

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Podcast 253

Eyes On The Prize. Organize! Getting you ready for the week ahead, looking deeper than lazy TV hosts and producers, and talk radio. How much more can be said about Jonathon Gruber, the ‘architect’ of Obama Care, and his comments concerning the stupidity of the American voter? We’ve all seen the video. If not, you can watch this CNN package and all the videos fit to distribute, here. While people decry the mainstream media’s vacuous content, they sure do seem to talk about what the media wants everyone to talk about. Seems like Gruber was worth every penny, for supporters of Obama Care. If Republicans want change, they have to start ‘”no excuse” organizing at the precinct level. Another big surprise, apparently, is the fact that President Obama is not ‘cooperating’ with the ‘mandate’ congressional republicans ‘have been given by the voters’. The President has two more years to serve, and if politically active people in Minnesota want to influence politics after January of 2017, they’d better start working on the 2016 election now. Working on getting votes and money out of precincts. Democrats are doubling down on progressive ideas and populist tactics and if 2014 proved anything, it proved getting Republicans out to vote in larger numbers than Democrats, wins elections for Republicans. Now, the exception to that rule is Minnesota, where consultants, state party officials and other ‘Rasputins’ behind the scenes, do not want so called movement candidates. If Minnesota Republicans want victory, they will have to snatch it for themselves. Keep your eyes on the prize. Organize. The Bob Davis Podcasts continues to be ahead of the news headlines these days. Podcast 252 concentrated on the specter of Deflation, predictive of the G-20 conference this weekend where members pledged to dump another 2 Trillion dollars of cotton candy on the problem economies of the world, which now includes most of Europe (and thus the EU), Russia, China, Brazil and you never know, maybe even the US. With the price of oil and other key commodities dropping, watch Russia, not Ferguson, Missouri. A confrontation is brewing between Russia — now friends with China — the US and NATO over the Ukraine. Do we trust the President to be able to handle such a crisis? The Bob Davis Podcasts was the first to suggest boycotting Black Friday — not because we hate retail but because we think the National Retailers have pressed Black Friday numbers as an economic bellwether for too long. Now suddenly come the stories saying the best deals aren’t on Black Friday … they’re right now! And as Farmers are stuck with grain in elevators, electric companies can’t get coal, and Minneapolis-Saint Paul’s much vaunted Toy Train ‘The Northstar’ is sidelined, statists like Jessie Ventura and Tim Pawlenty can blame Grandpa Warren Buffett’s railroad, hauling ever cheapening oil rather than the farmer’s grain, or the power company’s coal. Building the Keystone XL pipeline would ease some of the pressure on Farmers, as well as lower costs for oil producers, but don’t count on it. Will there be enough votes to override a Presidential Veto of a Pipeline bill? And, ice on the Superior this week does not necessarily mean a cold winter, but with temperatures in the single digits in the Upper Midwest, our bodies are struggling to adjust. Sponsored by Baklund R & D.

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Podcast 250

Election Aftermath. How did the mainstream media do in covering election 2014? What are the primary issues for voters. What happens now? It was announced recently that the Weather Channel Morning Show beat Cable News Networks CNN and MSNBC, hands down, during an election year. Fox News regularly ‘crushes’ rival CNN, and the lesser MSNBC. Broadcast networks covered the midyear elections in 2014, in an effort to compete with cable news services. Based on the reviews from viewers and ‘observers’ of the business and coverage on election night, none of them did a very good job. There was more coverage than ever, but the networks now place political operatives and ‘ideologues’ next to journalists, blurring the lines between opinion and fact. Add to this the increasing need for news networks to employ whatever means necessary to ‘predict’ the outcome of political races. Statistics and polls are never accurate; The only question is whether sample sizes and calculations are reliable. Ideologues may try, but they cannot ‘predict’ the future with a percentage, like a weatherman predicting the chance of rain at 12 noon. The media now blames the polls. One political science professor wants an ‘investigation’ of the ‘the polls’. The polls showed tight races, and while there were a few surprises, results were generally within the margin of error, which for some polls was a perfectly respectable plus or minus 4 points. You could certainly predict the Republican Party would have an historic election, but you couldn’t make that prediction based on polling data. Now, we’re told the polls were biased in favor of Republicans. In 2012, it was the other way around. The problem isn’t the polls, it’s the media’s incessant and unreasonable need to predict, cajole, call races and set the tone. People are getting sick of it, especially when social media, and the Internet provide real time election results without commentary. Who needs CNN, MSNBC and Fox News, and talk radio — all of which will take half an hour to tell you what you can determine in 5 minutes looking at a website that runs all the results as the polls close? What happened in 2014? What emerges from exit polls is a blurry black and white; You can sense shades but not color. You can see form, but you can’t make out anything specific. People are concerned about the Economy, the roll out of ACA and leadership questions concerning the handling of ISIS and Syria, and lastly, Ebola. Is it partisan to suggest the Democratic agenda and campaign tactics focused on issues at the bottom of the list for most voters? Minnesotans wonder why the Minnesota GOP and virtually all the statewide candidates lost a once in a lifetime opportunity to turn out the votes and unseat a democrat governor, and Senator Al Franken, while neighboring Wisconsin Governor Scott Walker seemed to be able to turn out his supporters to win. Is the President still relevant? Will the Republicans come up with an agenda that shows what they’re for, rather than what they’re against? All this in Podcast 250, while shoveling snow! (Editors Note: And maybe a train too!) Sponsored by Baklund R&D.

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