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asking whether the template – the whole philosophy – of development in the urban centers of this state, is really an outdated, early twentieth century vision?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 333

Licensing Yoga Instructors? Updates to start the week out right. This is the day Wisconsin Governor Scott Walker will sign the state’s Right To Work law, making Wisconsin the 26th state to do so. Is Wisconsin so different from Minnesota? A University Professor says they didn’t used to be, but now that they advocate laws like ACT 10 and Right To Work they are. Fact is, Wisconsin has always been more industrial than Minnesota and was settled by people from different parts of Europe. Moreover, Wisconsin’s industrial base is a little older than Minnesota’s. Is it possible Wisconsin is facing the fall out from too much regulation and choking demands from unions in the public and private sector a decade or so sooner than Minnesota? With Target, and now General Mills laying off people, and businesses considering the Badger state’s friendlier attitude toward business, things might not be as rosy in the Land of Ten Thousand Lakes as some think. While Wisconsin’s Assembly and Governor address these kinds of problems, Minnesota’s legislature is playing small ball, trying to break up the Minneapolis School District and brokering peace between warring DFL leaders. Is Minnesota too passive-aggressive to actually have the discussion about what is best for the future of the state, between progressives and conservatives? And in Colorado, the state legislature is considering requiring yoga instructors to be licensed, introducing higher costs and more regulation. The sponsors? A publicly traded company with lots of studios called ‘CorePowerYoga’. Suddenly crony capitalism wears Yoga Pants. In Minneapolis are you ready to pay for yet another Stadium. Rich Guy Bill McGuire and his rich friends including the Pohlads and Glen Taylor want the hard working tax payers of the state of Minnesota to foot the bill for a professional soccer team. And the artist responsible for all that triumphal Red Guard Propaganda in China during the Cultural Revolution, a man who flourished while others were being oppressed, will be painting the official portrait of Pope Francis. Wonder if the Pope will be wearing a green hat with a red star on it? He should. Sponsored by Complete Basement Systems