Nov 24 2015-Rotary forum
Posted by Dick Dannells
Program November 24, 2015: Sandy Lubin “The Present State of the Economy”
By Dick Dannells
Pres. Joel opened the meeting at 12:37 PM with the usual introduction of guests.
FINES:
Pres. Joel considered the guest introductions by Anya Stanley and Mary Ann Reese warranted a $20 spin-the-bottle fine from Anya and accepted Mary Ann’s a $200 contribution to join the Pres.’s Club. John Murphy was fined $20 for his indiscretion about not wanting to hear Martha Murphy. Shannon Bowdy’s 6 year marriage to Bradley cost her a $30 spin-the-wheel fine. Frank Montesinos’s anniversary did not result in any additional fine since that was taken care of earlier. Roger Frederickson volunteered to be fined $37.50 since he forgot last Saturday’s highway cleanup. Sandy Lubin was fined $50 for his November birthday. Linda Osty was fined $40.30 for advertising in the Clark Center for the Performing Arts men’s room. Terry Fibich was fined 1 cent, which he had found during the highway cleanup and donating the additional $.10 that he found to the PolioPlus campaign.
announcements:
Terry Fibich reported that Paul Holden, John and Martha Murphy and Chuck Anders were the volunteers for the highway cleanup. Pres. Joel paid $20 for the new “Service Above Self” T shirt designed by the Arroyo Grande High School Interact Club that Connie of Henley brought to the meeting. Linda Osty again reported on “The Miracle On 34th St.” to be shown on December 12 at 11 AM at the Fair Oaks Theater for either a non-perishable food item or an unwrapped toy. Paul Holden announced that our Club is number 1 out of 72 Rotary clubs in raising $4500 for the the PolioPlus campaign. Ashlea announced that next week’s meeting we will have a CASA speaker to explain how we can help specific children or families in need.
PROGRAM: Sandy Lubin “The Present State of the Economy”
Ashlea Boyer introduced Sandy by saying in effect that he needs no introduction. Sandy began by stating that the US economy is better than it was two years ago and it is getting better. In California while farm labor is down because of the drought, retail, tourism, and manufacturing are up. Across the country 271,000 jobs have been added for U3 unemployment rate of 5% and U6 unemployment rate of 9.8% that includes everyone marginally attached to the labor force such as part-time employees who don’t want a full-time job. Even those these numbers seem to be favorable, the consumer confidence in October fell to 90.4 from 99.9 in September, which is believed to be attributed to the lack of confidence in the war on terrorism. Strawberrys took over the number one agricultural crop in the county. El Niño will certainly help agriculture in the short range. However, it will take a lot more than one year of plentiful rain to eliminate the six-year drought. Locally, sales are up with retail doing very well. 1500 new homes for the year, but only 296 new housing units were built in the county. There is a declining inventory of homes on the market with on increasing number of people looking for homes. If the Feds. raises interest rates, it will increase the housing costs but he did not believe it will have a drastic effect on the housing market. He expects full employment by November 2016, which will end the recession that began about 7 years ago. Another indication of the stronger economy is that mergers and acquisitions are increasing. The three major credit bureaus are attempting to contract the industry by acquiring the smaller companies. He has seen an increase in collectible debts in his Credit Bureau.
Program November 24, 2015: Sandy Lubin “The Present State of the Economy”
By Dick Dannells
Pres. Joel opened the meeting at 12:37 PM with the usual introduction of guests.
FINES:
Pres. Joel considered the guest introductions by Anya Stanley and Mary Ann Reese warranted a $20 spin-the-bottle fine from Anya and accepted Mary Ann’s a $200 contribution to join the Pres.’s Club. John Murphy was fined $20 for his indiscretion about not wanting to hear Martha Murphy. Shannon Bowdy’s 6 year marriage to Bradley cost her a $30 spin-the-wheel fine. Frank Montesinos’s anniversary did not result in any additional fine since that was taken care of earlier. Roger Frederickson volunteered to be fined $37.50 since he forgot last Saturday’s highway cleanup. Sandy Lubin was fined $50 for his November birthday. Linda Osty was fined $40.30 for advertising in the Clark Center for the Performing Arts men’s room. Terry Fibich was fined 1 cent, which he had found during the highway cleanup and donating the additional $.10 that he found to the PolioPlus campaign.
announcements:
Terry Fibich reported that Paul Holden, John and Martha Murphy and Chuck Anders were the volunteers for the highway cleanup. Pres. Joel paid $20 for the new “Service Above Self” T shirt designed by the Arroyo Grande High School Interact Club that Connie of Henley brought to the meeting. Linda Osty again reported on “The Miracle On 34th St.” to be shown on December 12 at 11 AM at the Fair Oaks Theater for either a non-perishable food item or an unwrapped toy. Paul Holden announced that our Club is number 1 out of 72 Rotary clubs in raising $4500 for the the PolioPlus campaign. Ashlea announced that next week’s meeting we will have a CASA speaker to explain how we can help specific children or families in need.
PROGRAM: Sandy Lubin “The Present State of the Economy”
Ashlea Boyer introduced Sandy by saying in effect that he needs no introduction. Sandy began by stating that the US economy is better than it was two years ago and it is getting better. In California while farm labor is down because of the drought, retail, tourism, and manufacturing are up. Across the country 271,000 jobs have been added for U3 unemployment rate of 5% and U6 unemployment rate of 9.8% that includes everyone marginally attached to the labor force such as part-time employees who don’t want a full-time job. Even those these numbers seem to be favorable, the consumer confidence in October fell to 90.4 from 99.9 in September, which is believed to be attributed to the lack of confidence in the war on terrorism. Strawberrys took over the number one agricultural crop in the county. El Niño will certainly help agriculture in the short range. However, it will take a lot more than one year of plentiful rain to eliminate the six-year drought. Locally, sales are up with retail doing very well. 1500 new homes for the year, but only 296 new housing units were built in the county. There is a declining inventory of homes on the market with on increasing number of people looking for homes. If the Feds. raises interest rates, it will increase the housing costs but he did not believe it will have a drastic effect on the housing market. He expects full employment by November 2016, which will end the recession that began about 7 years ago. Another indication of the stronger economy is that mergers and acquisitions are increasing. The three major credit bureaus are attempting to contract the industry by acquiring the smaller companies. He has seen an increase in collectible debts in his Credit Bureau.