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asking whether the template – the whole philosophy – of development in the urban centers of this state, is really an outdated, early twentieth century vision?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 284

Polar Vortex 2015. Perhaps we should start off by saying, “Previously on Polar Vortex”. It happens just about every year around this time in the Upper Midwest. It gets real cold. We call it winter. A few weeks of below zero temperatures with little relief. It’s been colder. Where are the cavalcade of ‘economists’ (astrologists) predicting the inevitably dour economic effects of the ‘polar vortex’? Surprise! Now that a Republican majority is about to take office ‘economic experts’ are optimistic! Touting 5 percent GDP growth, lackluster employment statistics and a host of other debatable ‘facts’, some formerly doom and gloom analysts are finding  rose colored glasses not used since the Bush administration. As a new Congress is about to be sworn in, scolds to tell Republicans, “It’s time to govern”! Isn’t ‘governing’ something both parties and all branches of government engage in? Not just a majority and not just one branch of the government? Freedom Works has declared Speaker Boehner ‘must go’, and thus the factional battles in the new Congress begin. Freedom Works instructs you to write, call or email your congressman and demand the speaker be retired! (Editor’s Note: A waste of time, since interns answer the phones, review emails and open letters, even writing replies. If you want to get your congressman to pay attention to you, you have to control votes or money, and preferably both. If you want to write, call or email, go right ahead, but don’t fool yourself. Until you’re organized, you’re nothing to them.) Next we have the ‘Restore America’ crowd. ‘Restore’ in this case means turning back the hands of time to 1950, everywhere in America. Uh…no thanks, there were no smart phones. Want to bet this will be Jeb Bush’s campaign slogan in 2016? What America needs isn’t ‘restoration’, but new ideas that meet the challenges of new technology and a world that doesn’t look anything like 1950. Now there is one place in the world where it is, in fact, still 1950. North Korea. Here’s a question; What if the Sony Hack wasn’t the work of North Korea’s ‘army’ of hackers? The FBI’s contention – and the President’s – is under fire from tech security companies. If it wasn’t the North Koreans and the President ordered a retaliation, this could be the first major Obama Screw Up of 2015. Stay tuned. Back home in the land of ten thousand lakes, and taxes, Minnesotans should prepare themselves for a gas tax increase. Democratic Governor Dayton has decided that while cheap gas acts ‘like a tax cut’, it just isn’t expensive enough for the dancing peasants, so we need an increase in the gas tax. Or something like that. Minnesotans need new trains, and bike trails and bridges are falling down, right? Not really, but it works every time. Meanwhile, Kurt Daudt, Republican Speaker of The House says there will be “give and take” this session. Sigh. And a final parting shot at ‘morning people’ and their arrogance. Nocturnal People Rule! Sponsored by X Government Cars, and Depotstar.  

Podcast 152

What about ‘The City’? Central planners  use tax dollars to finance light rail, street cars, bike trails, stadiums, apartment buildings and hotels. The goal? A serendipitous experience. Is this a pipe dream? Do people really want to pay 1500 dollars a month for a condo in ‘the city’, so they can have coffee with hipsters? Or do they want a yard, good schools and lower taxes? You might be surprised what some new studies are showing. Things like bike trails, and light rail, paid for with transportation tax dollars move ahead, while repairing roads and bridges languish. What if robotics, driverless cars and delivery trucks, smart phones,  automated offices and other technology obviate the need to be in a big central city? Will all this ‘investment’ recreating the city of 1900 America have been worth it? Sponsored by X Government Cars