Listen in to the DeBord Report, from last Friday's segment.
Listen in to my weekly business and economy segment with the exceptionally well-prepared Andy Dean (we actually discuss how well-prepared he is during the segment). We spend some time at the top discussing the lousy growth numbers that the government put out last week, then we segue into a conversation about the worsening drought in the U.S. The second topic really disturbs me because the agricultural sector has been doing well in the sluggish recovery we're experiencing. The other heroic player has been the auto industry. But if farmers struggle, we'll lose that positive story (in a sea of negative stories), and that's not good.
We also get into Facebook and its increasing troubles. And Andy raises a good point about CEO Mark Zuckerberg not quite bringing it in the new world of Facebook as a public company.
Listen in to last Friday's economy report on "America Now" with the always engaging and on-the-ball Andy Dean. He's a conservative to be sure, but a thinking conservative. So we start out with a pretty nuanced discussion about the Supreme Court decision upholding a key provision of the Affordable Care Act (but giving the states' the right to decline federal money for an expansion of Medicaid without losing their current Medicaid funding). Then it's on to poverty and why we might be creating a permanent underclass in the U.S. by supporting the poor to the extent that they have a disincentive to work harder and become more self-reliant. I disagree that that's what happening — in fact, I think that we're squeezing the middle class and pushing more people into circumstances where they need public assistance to make ends meet, buy food, etc.
Now for something completely different! I was in the Valley last week so I decided it would be an ideal opportunity to drop in on the "America Now" with Andy Dean studios. Good call. Andy is a fun guy to do live radio with, and his production staff — Michelle, Miranda, and Melanie, as well as Kyle the engineer — is completely awesome and mostly gorgeous (sorry, Kyle).
We discussed a wide variety of topics, from Obama's slightly desperate wooing of his Hollywood funders now that some of his Wall Street support has vanished to Aaron Sorkin's new HBO series "The Newsroom" to Rodney King's finances and Larry Ellison's purchase of almost all of the Hawaiian island of Lanai.
On that last one, by the way, I slightly misspoke on the broadcast. I said that Ellison could have used the $500 million he reported spent on Lanai to buy two Instagrams. I meant to say "half an Instagram," as the photo sharing sight was purchased by Facebook for $1 billion. I SHOULD have made a joke about Lanai being worth "half and Instagram," as "Instagram" has become Silicon Valley shorthand for "a billion dollars."
A lot of politics in my weekly business and economic rundown with Andy Dean on "America Now." But also some talk of escaping the financial disaster area that is California for another place with an ocean but far less onerous taxes: Florida. As well as a chance for me to talk about Elon Musk's commencement address at Caltech, which I covered last week.
The politics: There's a view these days that President Obama's attempts to brand Mitt Romney as a financial elitist due to his record at Bain Capital didn't work an that Obama is now running against not Romney but the previous Republican President, George W. Bush. This is probably true, and it's created a whiff of desperation in the Obama campaign. It also isn't going to work, so expect another Obama pivot until he finds something that can make Romney look like Bush III.
Listen to last Friday's regular business and economy segment on "America Now" with the redoubtable Andy Dean. It was a terrible day for the American worker, as the Labor Department's jobs report showed that we added a thoroughly anemic 69,000 jobs in May — and revised the April numbers down to 77,000 from an already not-very-good 115,000.
Andy and I basically agreed that this is dismal and that some changes have to be made. We differ slightly on execution.
In other news, we discussed public pensions and the Wisconsin gubenatorial recall vote, plus Mayor Michael Bloomberg of New York and his campaign against Very Large Sugary sodas.
A fun segment with some snappy back and forth!
We won't be doing the show this coming Friday, but we'll back the week after. So tune in live then!