Podcast 267

Cooking and Talking. Updating you on some key stories for midweek, while cooking dinner. Pan fried steak, broccoli and salad. One of the things cable news and talk radio does is talk about things over and over again, in an effort to gin up emotional response and viewership. They seem to get ‘stuck’ on stories and can’t move on until the next ‘big’ story. In our ongoing discussion about media and its pitfalls, one of the things podcasting allows is for more varied content. We don’t have to keep talking about the same subjects, because podcasts about those subjects are up to be listened to whenever subscribers desire. So podcasters can add to stories when its appropriate and begin talking about new stories that will be top topics in a few days or weeks. In this podcast, updates to the bias story on Rolling Stone magazine’s coverage of the ‘rape’ story at UVA, and how narrative journalism ill serves the people. The next big narrative story? The Senate Intelligence Committee’s release of the report on the CIA’s interrogation methods. At first blush it looks pretty bad, and it is reported may even spur terror attacks across the world, and on US citizens. On second thought, it looks like the last shot by democrats at the Bush Administration’s policies. And whether deserved or not, former CIA directors and employees are pretty upset at what they see as a biased report. Dad always said, “There are two sides to every story”. As people react to the emotional and lurid nature of yet another ‘narrative’ story, will the ‘rest of the story’ get covered with equal intensity? On the terror front; word is ISIL has yellow cake which it procured from a University in Mosul Iraq, and used to make at least one radioactive explosive device which has been spirited into Europe. Let’s wait and see how this one develops. On the political front: With all the talk about the Republican Brand being ‘dead’ it turns out the GOP is in the best position it has been in since the 1920’s, especially in individual states. 2014 turned out to be a great year for Republicans, but Minnesota republicans missed out. Why? Is it time for a change of state party leadership as in a house cleaning? Finally, the pundits saying lower gas prices act as a ‘tax cut’, a position which should be questioned. It has been reported this week that lower fuel prices also mean lower commodity prices, since farm cost inputs will be cheaper. But, lower oil prices also means big oil companies may reduce their capital investments, which hurts manufacturing and employment. Are oil price reductions due to the price war, or to more supply and less demand because of economic slow downs in China, Europe and Latin America. Will the effect be positive? Not so fast, say some. Sponsored by X Government Cars, and by Depotstar.

Podcast 263

Nashville. Live from a hotel room in Music City. White Line Fever. Over eating on Thanksgiving and not enough sleep finally pushes The Bob Davis Podcasts to splurge for a hotel room in the heart of Tennessee, after a speed run through the Blue Ridge Mountains, across the Smokies. (Editor’s Note: We checked with the General Manager and the expenses have been approved.) The next leg of the trip will be north through Southern Illinois. In the meantime, throughout the holiday news stories have been brewing but our minds have been on other concerns; Family. Football. Eating. Sleeping. As we return to the new work week what stories will be making headlines? It was odd to hear protesters shouting, “No Peace, No Justice and no more Black Fridays” this weekend since the Bob Davis Podcasts advocated boycotting Black Friday weeks before the current spate of protests erupted. But not for the same reasons. Expect all sorts of hype from the National Retailers about what a great year it was in spite of the madness. Early estimates indicate lower numbers this year, but don’t expect to hear that. Black Friday has become nothing more than an excuse for publicly traded retailers to hype their stocks before the end of the fourth quarter. As the new congress prepares to be sworn in (one more election; a run off in Louisiana), get ready for the media to really push the ‘Republicans are Obstructionists’ story line, with full cooperation from the White House. Is that how it will be? Expect changes in Democratic Party leadership, and perhaps some changes on the Republican side too. Meanwhile the ‘shakeup’ at the White House turns out to be cosmetic as President Obama dumps Defense Secretary Chuck Hagel, but his inner circle remains untouched as predicted by The Bob Davis Podcasts. With ISIS grabbing headlines (stoning homosexuals and threatening to behead women tend to do that), Russia continues destabilizing the Ukraine. New concerns about Russian pressure of Latvia, Estonia and Finland concern EU leaders. What about that NATO ‘Quick Reaction Force’ announced at the G8 meeting this year? Turns out NATO does not have the equipment or the budget. And you wonder how European countries are able to provide such lavish benefits to their people; They’re not spending it on defense. The United States still stands as the primary defense for Europe, and this could make the Russia Story very big in 2015. New numbers released this weekend say that Minnesota’s voter turn out in the 2014 election cycle hit lows not seen since 1986. And still, Republicans were unable to win state-wide offices. Is it the party? The Candidates? Or the Voters? Finally, another polar vortex dropping temperatures in the Upper Midwest, as The Bob Davis Podcasts makes its way north. Sponsored by Depotstar. [Powerpress]

Podcast 234

Market Plunge. If it wasn’t for Ebola, this week’s Market Plunge would be the top story and we’d all be talking about it. Was it really less than a month ago that President Obama said the market and economy had come roaring back? And this week the market gave back all the gains so far of 2014. Will it come back. Analysts aren’t so sure. As the rest of the economies in the world contract, all hope was placed in US economic growth which the fantasy world created by the media hyped. Bad retail sales numbers this week dashed those hopes. Meanwhile the world’s governments and central banks that depend on inflation to wipe away debts, are very concerned about disinflation turning into deflation. Are lower commodity prices a good sign, or a bad sign? In the final analysis, the US economy will probably not be enough to act as a counterweight to fading growth in the Euro Zone and China, even with lower commodity prices. The worry on Wall Street? Faltering demand among consumers. Surprise! While the President touts economic ‘recovery’ the number of Americans on SNAP benefits (in other words Food Stamps) skyrockets, the clearest indication yet that the newly employed are in low wage part time jobs, and those out of the work force may stay out as long as government programs pay them to. Not a good combination, and certainly not one that indicates dynamic growth. What’s going on? Steve Forbes has five suggestions that are pretty good. The upshot? We’re a long way from the kinds of radical reforms that will change the scope, cost and size of the Federal Government and get things back on track. It isn’t gridlock causing the problems, its the people. It’s our politics. How do we put away creaky old Keynesian concepts moderate Republicans, democrats and progressives have championed going back to the New Deal? How do we cut away regulation, spending and taxation and reduce government power, so that new decentralizing technologies can empower the individual to innovate, generate tomorrow’s successes, and power the US out of the malaise we find ourselves in? Yes, there are Republicans afraid of radical change just as there are democrats afraid to reduce the size and power of government. We have to stop expecting creativity, innovation and entrepreneurial instincts from politicians. News Flash! Your congressman is not Steve Jobs. Not by a long shot. Some ideas to consider when thinking about the other major story chronicling the failure of ‘big government’ these days; The economy. Sponsored by Depotstar