Archive for December 5th, 2011

Sparkling water and green M&M’s …

December 5, 2011

Last week, I was invited to do a radio interview on NPR.

When I told my daughter-in-law, she suggested that I request sparkling water and green M&Ms.

I thought that was pretty funny, but didn’t know the story behind it

Now, I realize that all cool people know that rockstars Van Halen always included a contract provision that there be M&Ms in their dressing room and backstage … with the brown M&Ms sorted out.

Publically, that demand morphed to “only green M&Ms” … and was used to tag Van Halen  as uber-spoiled rocksters.

They might have been, but this isn’t the evidence to convict.

According to the Smoking Gun it turns out that there’s more to the story … that the contract provision  was not an example of rock ‘n’ roll hedonism, but a savvy business move:

The rider’s “Munchies” section was where the group made its candy-with-a-caveat request: “M&M’s (WARNING: ABSOLUTELY NO BROWN ONES).”

The group has said the M&M provision was included to make sure that promoters had actually read its lengthy rider.

If brown M&M’s were in the backstage candy bowl, Van Halen surmised that more important aspects of a performance – lighting, staging, security, ticketing — may have been botched by an inattentive promoter.

And, one of my students told me that the provision was added only after a promoter failed to put a restraint in the right place – as spelled out in the contract – and a stage hand had a fatal fall.

I can’t verify that part of the story … that’s the way urban legends are, I guess …

P.S.  No I didn’t get green M&Ms, but I was able to sneak some candy into the studio.

Thanks to JNH for  the idea and JV for feeding the legend.

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Is 8.6% good or bad for Obama?

December 5, 2011

The unemployment rate dropped a lot in November from  9.0% to 8.6%.

That’s good news for us and for President Obama. right?

I’m not so sure.

First, let’s dive into the numbers.

Job growth has been around 100,000 per month for the past couple of months.

But, until November, the unemployment rate has been stuck at 9%.

Hmmm.

Most folks argue that 100,000 to 200,000 is what’s required to handle population growth —  the new workers entering the market.

But, in November, 125,000 new jobs pushed the unemployment rate down by .4% – which is huge.

Couple of reasons.

  • There are different surveys used to calculate job growth and unemployment rates.  It could be that one of the surveys is whacky … either there were more jobs added than reported, or unemployment is under-reported.
  • The jobs numbers for the immediately prior months were revised upward.  That means that unemployment may have been over-estimated … that the rate really is 8.6% now, but it’s a drop from, say, 8.8% … not 9%
  • Most important, about half of the apparent drop in the unemployment is attributable to folks dropping out of the workforce … people who are unemployed but have stopped even looking for new employment.

My bet is that the jobs number is right and that the unemployment rate didn’t really fall by .4% … maybe it fell by one or two tenths of a percent … but not close to 1/2 percent.  My eye is on the jobs number.

OK, let’s not quibble over the numbers.

The question is: will November’s 8.6% help or hurt President Obama’s re-election campaign.

Short-run, the President should get an approval bump from the unemployment rate headlines.  That’s fair.

But, the new lower number may be an albatross in 2012.

Here’s why.

The unemployment rate is likely to move back up because, historically, as the economy appears to be bouncing back, unemployed folks who aren’t looking for work re-enter the job market and start looking again.  In other words, the unemployment rate may creep up because the denominator is getting bigger.

So, even if a modest recovery is taking place – something I don’t believe to be true – the labor market dynamics work against the President.

Pundits have been saying that Obama will be ok with a high unemployment rate in 2012 as long as the trajectory is in the right direction.  That is, that unemployment is coming down.

Here’s my scenario, unemployment will creep back up and Obama will be facing a high unemployment rate that is rising.  That’s not good.

Further, if Obama chest-pounds the 8.6% now, Congress has less pressure to “pass it now.” So, he may get less of his jobs bill through.

Politically, Obama might have been better off if the rate had stayed closer to 9% … he may be in the awkward position of having a high unemployment rate that’s going in the wrong direction.

It’ll be interesting …

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Nike tells Marty McFly: “Just do it !”

December 5, 2011

TakeAway: With a special-edition “Back to the Future” shoe, Nike helps to fundraise $9.4M for Michael J. Fox’s Parkinson Foundation.

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Excerpted from brandchannel.com, “Nike ‘Back to the Future’ Shoes Raise $9.4 Million for Michael J. Fox Foundation

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When 1985’s Back to the Future blew the doors off of the box office – eventually generating $303.87 billion – two sequels were automatically set into motion and released in 1989 and 1990. And somewhere in there, someone got fully turned onto the joy of product placement.

Back to the Future II was particularly chockfull of brand names, including Black and Decker, Pepsi, Texaco, Mattel, Pizza Hut,  The Weather Channel, 7-Eleven, and AT&T, among others. But fans salivated most over the special shoe that Nike designer Tinker Hatfield created for the film, the Nike MAG shoe, with its glowing LED panel and an electroluminescent “Nike” for Michael J. Fox to wear as the film’s hero, Marty McFly.

Sneaker aficionados had been begging the company for years to release the same shoe to the mainstream. So in a highly-publicized eBay auction in September, Nike made only 1,500 to auction off on eBay to raise cash for Michael J. Fox’s Foundation for Parkinson’s Research. The result was $4.7 million from consumers, which a matching initiative doubled to $9.4 million.

“The enthusiasm this project ignited, and the funds and awareness the shoes generated for Parkinson’s research, are both humbling and inspiring,” Fox. “Our Foundation is truly grateful to Nike for this unique partnership that brought Back to the Future fans, sneakerheads and the PD community together in the quest to eradicate Parkinson’s from the space-time continuum.”

The first pair went to British rapper and “avid sneaker collector” Tinie Tempah, who shelled out $37,500 for the honor at a celeb auction in Los Angeles.

If you missed out and are looking to pick up some Back to the Future memorabilia while helping out Fox’s Foundation, you’re in luck. Technabob reports that auction house Profiles in History will sell off more than 100 items from the films in L.A. between Dec. 15 and Dec. 18. Part of the proceeds will go to the Foundation.

Some of the gear set to be auctioned off includes some futuristic Pepsi and Slice cans, Marty’s Mattel Hoverboard, the case from the Nike self-lacing shoes, and, yes, one of the seven awesome DeLoreans used during the filming. It would make an unforgettable holiday gift, don’t you think?

Edit by KJM.

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