Bill Meyer Show Podcast - Sponsored by Clouser Drilling www.ClouserDrilling.com - 04-14-25_MONDAY_8AM
Episode Date: April 15, 2025Dr. Powers Where Past Meets Present segment, founding of Talent, OR, and plenty of news to discuss follows....
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Hey, we found Dr. Powers. How are you doing, Doc? Welcome.
Oh, pleasure's all mine.
Okay. How are you doing this morning? Things okay in the upright lock position?
Oh, absolutely. A little difficult in terms of the telephone, but other than that, it's always a pleasure. Spring is here, Easter is on Sunday, and what more can we ask
for? Yeah, by the way, now you have charter voice at your home. Did you
have trouble with that? Sometimes we've had trouble with that too.
Out of curiosity. Yes, that's quite true, and I have spectrum, which typically is
good, but you know know there's a little
problems but today is another good day to be with you. Well you know what the clue
is though when I called you up because I called you up a couple of minutes ago and
it says I'm sorry the person has not set up their voicemail yet. I know you've
set up your voicemail before. Oh.'ve left messages there. Right? And so when I hear the spectrum drone lady going, I'm sorry, oh come on.
I can see Dr. Power is there rebooting his spectrum internet connection or whatever it is.
That's very true and you know it's so funny Bill because I run into the same thing and then even though I'm hearing that message
I'm saying no, no, no, I'm talking to it. No, no, come on. That's not right. Okay fair enough
Hey doc, we've been the last few weeks going over how many of our cities have been founded here in Southern, Oregon
And the the one that you brought up today is talent And I always wondered where the name talent came from.
I don't know if you'd ever talked about it before.
At first I was wondering, did it have to do with a talent show or something?
But you actually go into it.
And I'm going to post this later today.
But it all started with being a fort, right?
Talent for as progressive and sort of open-minded to a fault, as it is today. In fact, the mines are so open in
Talon government that thoughts enter and fall immediately out the other side of
the skull, but I digress, all right? But, well, kind of like Ashland, you know, same
sort of thing here, too. But it all started off as a military fort, right?
Military outpost, essentially, is what it was? Yeah, it's a really interesting story because for those of us in the
area, Jacob Wagner was the one who was credited with building that stockade along the creek that
bears his name and is a beautiful area throughout there
And then of course you have the questions of the fire and things like this But the important thing though is that this is a place of safety during the rogue river Indian Wars
This is really an amazing place because the walls were two feet thick and
12 feet high with portholes for rifle fire. And they were needed in those days. What kind of a world was it living here as a pioneer in the 1850s in that respect?
How likely were you to find yourself sideways with the Indian population?
Well, you have to throw away what the history books are saying now because when you research into what actually
happened then, you had armed conflict, you had both sides creating atrocities, and you
had a situation that was very, very risky because then what happened though was that Jacob Wagner then said, you know, I'm gonna go to Ashland, it's safer there.
And he started up the first bottling enterprise
with Lithia Spring Waters.
Yum, yum.
Which is 150 years ago or so,
but then we had Aaron AP Talent who moved into the area.
And this is like like although we're going
back, Bill, 150 years. But that's where Talent got its current name,
its modern-day name. Yes. From AP Talent. Okay. And it was great because what happened
here like a couple other places was that, oh, AP really got in there, opened up a
general store, then became and was appointed the
new postmaster. So when residents came there for their mail, they just said,
hey, we're gonna head to Talents. Oh, okay, so they just named it after him
because he was the postmaster, and that was a big deal in those days, wasn't it?
It really was, especially because that was a place where you could talk to neighbors.
You usually had a general store in the area, you could go ahead and buy things.
And you see, even though it was not as easy times as we have now, perhaps too easy as
we have now, at that time it was one to where, you know, the people really showed, the settlers really
showed an ability.
Our forefathers, our great-great-grandparents were able to really do a very good job.
But then what happened though was that the Rarewood came by, but talent was just a stopping
point.
Now, interesting is that talent had developed way before we even
had Medford. Really? Yeah, well I guess Ashland had developed before Medford also, right? Medford
was a much later development, really. Yeah, and you see the way it came through was that first of all from Wyrika, people who tried to find the gold there decided and settled
looking for the gold in Jacksonville and in Ashland.
And that's where those towns started, especially with the smart ones who said, you know, this
is crazy.
I mean, why try to go ahead and pan for gold and fight for everything with everyone else?
Yeah, we will build a general store here. We'll build a fort first, then a
general store and a post office, and then we'll pay for the... and then we'll supply
the people doing that stuff, right? The Rogue River Indian Wars, though, were
more centralized out there in the Talon area into, you know, the area going north of there and north east. But you see,
Ashland was not caught in that, so it was able to go. And also Central Point was
okay because you had wagon trails going through. So a few miles could
make a real big difference then on how susceptible you were to getting tomahawked, so to speak, that kind
of thing. Yeah, also, and in terms of what time it was, because the
Indian Wars, the Rogue River Indian Wars, were in 1853 and 1855, and so that's where
you would even have it with miners who would leave Jacksonville and go up
into the Tallinn area because settlers were moving all over the place. And what's interesting though
is the fact that we can say that the settlers here and the people that populated this area were
hardy souls. Oh, you would have to be. You would have to be. Even the so-called softies in those days
were probably tougher than the toughies today.
Oh yeah, because they couldn't go ahead and falsify unemployment claims.
Yeah, exactly. So it all started then with Jacob Wagner, and of course we still see that today,
Wagner Creek, Wagner Creek Road, as an example there, you know, named after the original person here. Was it Fort Wagner?
Was that what it was when he built that? Yes, it was. And this was a log stockade. But you know, when I
think about that in 1852, 1853, about 175 years ago, to build a fort and to create it because they even had a block house built inside.
It was a place of refuge during the attacks. What you had then was that Jacob Wagner then
took one quick look at Ashland and he said, I'm going to go there.
Okay. Now did Ashland, or I'm sorry, talent, did talent end up getting anything with the
orchard boom of the early 1900s or not? Or did it kind of bypass that?
Yeah, it rose and fell as the area because even then talent for you know you know to its advantage had
less cheaper housing and you had med for them which was really having these
wealthy Easterners that came in you know the University Club was formed now we're
looking at 1909 1910 and my, not only were you having those,
but you had an opera house, you had libraries, the Carnegie Library. You had a
number of different things that are coming in. And the thing that really just
resonates is that for cars, where at that time there's only one for 500 people in
the entire United States, you had one in ten
there in Medford. Boy, that tells you the level of wealth that was happening here
at that time. It's a big deal. It was considerable, my friend, because that
really got at the shot going and then when the orchard boom busted, you had the
population declining, but then because of very far-minded individuals...
And growth in Ashland really ended up driving the growth in Talbot, then, as a
residential or a bedroom community, right, over time?
Well, actually, Talbot was really going ahead and fluctuating as Medford did,
because it was so close to Medford, And people then would be driving or working away,
taking horseback riding into Medford,
because that's where a lot of the action was
with all of the orchards that were around there.
Yeah, that was the big city. Medford, the big city in those days, right?
Hey, I wanted to ask you, wasn't there something you told me about,
maybe this was a different profile, wasn't there something in the Talon area that was big with
hops, hops for brewing, or was it wheat that was big in Talon? I forget. Oh actually that gets right
down into the Grants Pass area. Oh okay, it was hops in Grants Pass, right? Oh yeah, and you know
the hops, which is a very interesting story. I actually came across
a friend of mine, a college friend, who remembers picking hops in that area. And he was at the
University of Colorado at the time, and he would tell me the stories that in terms of picking hops,
that it was something you could do during the summertime, and it was one to where, you know, kids and adults alike, but actually
if you were a 15, 16, 17, or 18, you could go there and pick hops.
Yeah, now then wheat though, that must have been in the town of Ashland area, wasn't it?
The wheat fields? Didn't wheat then, wasn't there a in the Tallent-Ashland area, wasn't it? The wheat fields?
Didn't wheat then... wasn't there a big... a lot of farming of wheat back in those days
too down here in the Tallent area?
Oh yeah, but what was interesting though was the fact that yes, you had it throughout
southern Oregon, but it was primarily in Sam's Valley.
Oh, Sam's Valley. Okay. That's a
wonderful story in terms of those in that area. Maybe we'll have to do that
another day, all right? Oh, yeah. See, we've done so many profiles over the years.
Sometimes my random access memory recall kind of conflates it.
No, Bill, your questions keep me thinking quickly on the spot.
Alright. Hey, let me take a quick break here and then we'll catch up on some of the news here.
And let us continue. Let's shift it into the present now, if that's cool with you. Okay?
Sounds like a real winner, my friend.
And are you ready to do a little talk on the tariffing and the back and forth here?
Because I'll tell you, a lot of drama in the market still you know this morning too. Oh absolutely right and and on that
there's a number of things we can go into and I'll wait for it. All right all
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.... on landowners may still be in play. Senate Bill 83 would do away with the maps instead allowing local counties to adopt model building codes and land
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Good morning. This is News Talk 1063,MED and you're waking up with the Bill
Myers show. Dr. Dennis Powers, retired professor of business law, Southern Oregon University.
Hey Doc, where do we find ourselves right now with tariffs? First it's on, first it's
off, now it's up, now it's low. Where are we? What do you know?
That's an excellent question my friend because what we go into is, let's take a quick look
at the stock market and keep in mind, please, that two thirds of all trades are made by
computers and alphanumeric software, and they react in split seconds.
Yeah, all it takes is a little bit of news one way or the other because those machines
will actually monitor news feeds, do they not?
They look for certain keywords, what's going on and then all of a sudden sell or buy or
short or whatever, right?
Yeah, they're not only looking for keywords but they're also programmed in terms of certain
price ranges.
Now, for example, on the tariffs, we have Trump that was going ahead and in a smart
move exempted smartphones that came in over the weekend.
The reason for that was because of Apple and China and the key thing is that people here,
consumers here, would be seeing immediately the problems of higher taxes
and higher prices because of China. There was talk about a $3200 iPhone, right?
That was some of the story I was reading.
And of course what we have is the drive-by media and the Soros-backed media that is wild
with what they're saying. And you just can't go to MSNBC, CBS, the New York Times for meaningful
data. You can't. But there's kind of a split on the tariffs. There are, you know,
Republicans very supportive of, of tariffs.
And then there are also very principled Republicans also on the other side of
that trade. Wouldn't you agree on that? There,
there is not unanimity on this issue or on this policy,
is there?
Oh, I agree because the problem is you have rhinos in there.
But the other thing is that the key thing of a politician,
other than how can you tell when they're lying, when their lips move,
whether Republican or Democrat, is that this is a good job.
The benefits are absolutely freaking impossible to duplicate anywhere else.
And so they, the Republicans, get worried.
And you see, also, you have this play, my friend, where Soros and the Biden supporters
and all these other far-lefters go ahead and do email campaigns against the Republicans, because the key thing in my estimation,
and I could be wrong, is that it's the tax situation that has to be made permanent, because
that's where the Republicans, and everyone knows this in Washington, if the Republicans
don't get that passed. In other words, if they can bash
enough on the on the tariff drama, they're thinking that they can derail the
tax bill? Is that kind of your take on that? Yes, that's where I was
leading to with the reasoning. And you're right. But the other thing is, is that the
same type of bad information is coming in on the tariffs and when I go
through and read different ones from the New York Times or the BBC or things like
this, I'm finding all this type of stuff where more than 60% of CEOs expect a
recession in the next six months due to tariff as a survey.
Yeah, I know Jamie Dimon over at JP Morgan Chase saying that too. Yeah, they're
all pretty much reading from that hymnal right now. Well, they are and you see the
thing that NAMA is making them very upset, which I love to see. I mean, there's
special personalities that I love to listen to and I have the time on CNBC,
their economist who is very, very liberal as to when he gets caught by a Trump change on tariffs,
because he's changing instantly, my friend, as he's seeing the markets change.
And these other ones are stuck in sand.
And watching them try to complain and criticize Trump, and then they'll say, oh, it's creating chaos.
Well, it's not. The market is up, though.
Well, the market is up, though, is not necessarily indicative of the United States economy.
This is one of the problems that I've had with the focus on the market for a long time.
Although I'm in the market, I know you're in the market, a lot of other people are in
the market too.
I got my little baby 401k, you know.
And the market is not the economy.
But at some level though, it is indicating capital flows where the money is flowing, and that
does matter though, doesn't it, ultimately?
It does, Bill.
And that's excellent.
It does, and it's an excellent point.
But for example, on the misleading drive-by media, where they talk about, oh my golly,
yields are down, this is terrible.
And then they will print.
I'm looking at one right now.
Markets are losing money.
Treasuries are losing money as investors pull their money out.
BS.
Because what's happening is that at one time, China a few months ago had $1.2 trillion in holdings.
Yeah, they were holding US Treasuries, weren't they?
And they're selling like crazy. It's now down to $700 million.
Well, that in essence though is their response then to the tariffing, right? Because they know that that's our weakness.
When China sells the debt, that ends up increasing.
Doesn't that end up increasing the...
That increases the interest rate.
Isn't that what is happening?
Well, it includes the money flowing out. And with the money flowing out, then you have the
far left, you know, with their collusion in the times and with other places, they
will never mention a half a trillion sold by China as the big amount of the
monies flowing out. So that was the
cracking of the bond market that they were talking about last week, right?
China in essence being the big dog on selling Treasuries, selling American debt.
Yeah, and you know my friend, that was just like the boy crying wolf, because
when you look at the actual amount, there wasn't that
much of a problem.
There was no problems with liquidity except for what the New York Times was crying.
Well, now, correct me if I'm wrong.
I'm just trying to be fair about this, what I read, and I read a lot of different things,
not as much as you do on this one.
Oh, no, no.
But at some point,
treasury yields were going up 40 basis points, almost half a percent, which is considered
huge in the bond market because as big as the stock market is, the bond market is much,
much, much, much larger in this world.
Very true observation and excellent. But the point that I'm coming into a little differently is the
fact that bond markets and treasury markets are run by computers as quick with as much
violent type of price moves as the stock market.
Look at Apple.
I'm looking at Apple right now because I'm very curious about what would happen in terms of the fact that Apple it looks like is going to not be tariffed as much
in the short term. Yeah, in the short term that's going to be fine.
I'm okay with tariffs. I really am. My concern with tariffs is that they be
strategically targeted and I don't see that necessarily with the Trump
administration. It's where I think I break with the Trump administration on
this, but I'm not an economist. I get that. I understand this. But I would be
looking at truly the strategic minerals, these strategic industries, rather than
as an example, going after Vietnam because Vietnam sells more clothes to us than we sell
to them.
You know, that kind of thing?
It's like there are certain things that our comparative advantage is not going to be bringing
back our weaving looms to South Carolina.
You know what I'm saying?
You know, that kind of thing?
Well, this is a very good argument that's coming in.
Let me just do two things very quickly.
Apple, just to give you an idea of the short-term fluctuations, immediately opened higher at
211, but now it's down to 203.
These are big, big types of fluctuations by the alphanumerics. The other thing is where Trump is smart is
the fact that he needs to dampen the stock market short term because every
single time when you lead up to an election you don't want to have a great
stock market all of a sudden being nailed by Soros. In other words, he wants
his recession now.
He wants his downturn now rather than later.
I don't know one way or the other.
The reason I bring up downturn is not that I'm talking about like being a Debbie Doomer.
That's not what I'm talking about.
Oh, no, I know that.
The thing is though, is that everybody...
This market has been frothy for years.
Right?
You know, the credit creation over at the Federal Reserve,
go, go, go, go, go.
It's been inflating asset prices for many, many years now.
All you had to do was buy Apple,
you bought Facebook or Meta,
and you bought Google, et cetera, et cetera.
And it didn't matter, you made stupid money, right?
And at some point point we are primed for a correction
of some sort, weren't we, honestly?
Oh, great.
And you see, the problem is that even Wall Street
with all their Harvard and Yale and, you know,
Ivy League managers have no way of determining when there's going to be a correction.
That's part of the reason why the drive-by media, my friend, is so screwed up right now.
It's because Trump is going faster than the market reacts.
The other thing is the fact that as to whether or not there's an R word, recession, no one
really knows because the fact that the thing that is not being talked about is what was
there with Biden.
And that's what you don't know is all of a sudden is there going to be an attack where Russia goes right into small incursions into
Poland?
The unknown is what's always out there, and that's the thing where things can go down.
Now, what Biden did is what with his—no, actually he did and his minions who were running
it along with Soros— was that they were going ahead and
saying, don't pick waves, don't do anything.
And that's why we have the mess we have.
They really kowtow to everyone in terms of China and Russia and things like this.
They made lots of bluffs, but then they held Ukraine's hands back is what they could do.
Part of the thing is, as I've been saying, is that no one can predict where the market
is going.
I don't know if there's going to be a recession or not.
I think the probabilities are less than 50%.
As you're pointing out so well, we are in uncertain times and the far left is jumping
all over it but you see Trump, my friend,
can easily go ahead and make a decision three months from now and that's what
he's doing. He's in the max and flexibility. He's in the open market.
Yeah, so it's really going to be three months from now that we're really
looking at where it hits the, where the rubber meets the road so to speak.
Yeah, you're absolutely right. You're absolutely right.
And what part of the thing is, is that no one really knows where the market's going
to be.
But on the other hand, on the probabilities, they're blaming Trump, they're blaming Musk.
Why?
Because the party of hate, the party of no has got to go ahead and they don't know what
to say because Soros
has totally captured that party with the far left.
Well, you know, it's, I feel like we're in dueling oligarchs right now, you know, at
this point.
We got, you know, we have, you know, we got Georgie, as you were just talking about there,
on the left, and we got Elon, you know, on the right, supposedly, you know, for right now.
So it's, I don't know.
I don't know.
It just, it just feels a little bit odd, I suppose.
Hey, Doc, I want to shift gears entirely before we take off here.
All right.
And that has to do, and that has to do with, have you been keeping
apprised of the baseball
deal that is at least openly being talked about with the city of Medford to maybe bring the
Eugene Emeralds here and $90 million stadium was one of the proposals tossed out to them.
As a professor of business law, what is your thought overall on sports team socialism,
which is very big in the United States, quite often people will convince folks, pony up money and do this, dig deep.
What do you think?
Well this is an area where given the huge monies rolling in, not just from TV but also from streamers like Netflix.
Yeah, now understand though that's not the kind of stuff that deal that we'd be
talking about here. It'd be A-level ball.
Oh no. But what happens is that you have this higher elite with lots of money and we know that in terms of this with Medford, there's people behind it, not as high as
the ones that are talking about the Dodgers.
But the key thing to me is, why don't you guys wake up?
Because what in the hell is going on?
You have this pool that went in, you know, and you have different ones
that went in such as a convention center. And this is nuts because I would love,
and Bill, you can really educate us on this, how much money is the city of
Medford losing or the ones they've gone into already? Can't tell that at the
moment here. I know that they were talking about
the great things about the Rogax Aquatic Center because well now we have 900
birthday parties a year being done there. It's like and I'm thinking nothing
makes me feel better about paying 60 65 bucks a year for the next 10 to 20 years
on my water bill or on my utility bill so that people can have subsidized
taxpayer subsidized birthday parties you know within the the water facility you
know now but you're right you're right you're absolutely right and yet you
don't want to be a Debbie Doomer or say or just say no to everything you don't
want to be one of those kind of people either but it appears that maybe maybe
that's just the kind of semi-socialistic,
fascistic economy we have here in the state of Oregon, which the only way you
get something built is if you have the taxpayers build it first, and if that's
the case, I want a brand new radio studio, okay? And I want lots of cameras and I
want to float a bond measure out of the city of Medford in order to make that
happen. You think we can make it work? And boy, that would be something I'd be in favor of.
The fact that I see what's happened with Jefferson Public Radio
in terms of SOU.
Well, look, what they did, they got...
They were right conceptually.
Yeah, but they did that with Holly.
With Holly, I mean, sure there was some private funding,
but I'm sure no doubt tax funding was also leveraged.
That's the way it always works.
There were tax credits that came in there, but my concern, which is really your
concern and you have, you know, your ears totally to the ground, is that one thing I've seen
generally is that whether it's a university president or it's long-term city councillors
it's long-term city councilors in Jackson, in Medford, is all of them want to have a big, big stadium or something that's a great looking like an aquatic center.
You know, shiny bobble.
You know, shiny bobbles, we built this.
You know, that kind of thing.
We built this, which, if we look at the taxings for Medford and look at it for Jackson County, none of
us are going to be using that baseball stadium, so why in the hell add it to our taxes?
Well, that's one of the questions here and I'm hoping that people will be wise about
this.
Now, no deals have been made yet.
This was just a proposal last week.
But Eugene, as crazy as Eugene can be, they saw the $100 million
stadium deal that was offered to them from the Eugene
Emeralds and they said no, not just no, but hell no. So now here what Metford
likes to do is just to have a vote of the council and then put it on parks and
recreation utility fees. Just like in Ashland, you know, you deal with the same
sort of thing. We'll just put it on the and recreation utility fees, just like in Ashland, you know, you deal with the same sort of thing.
We'll just put it on the parks and rec fee, right, that you all have to pay whether you
want to or not?
You know, Bill, and the other thing is that some of us can remember not too long ago when
we could see a minor league baseball game here. And what happens is that the ability of a minor league team to stay
financially up is very difficult.
Well, even the Eugene Emeralds admits that it would take more than two decades before
the revenue coming in would be greater than the expenses. Wow.
I think they're being optimistic.
And that's why it's like, how often, how would I be able to get a loan on anybody
if I said, hey, you know, I would like to, you know, you know, Doc, I'd like to borrow
90 million dollars from you. By the way, I can finally start paying you back,
really, in about 20, 23 years, and then The business will be going really well by that time.
My gosh, the earthquake could have destroyed everything by that time.
We're crying out loud, you know?
Are you going to also give me a little private seat that I can buy for $1,000?
Of course.
Any time you want.
Put your name on it, Doc.
Hey, we'll catch you next Monday, okay?
Well, thank you.
It's always a delight.
All right.
Thank you, Doc.
Dr. Dennis Powers, retired professor of business law, where past
meets present. DennisPowersBooks.com. Thank you, Dr. 855.
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Hi this is Lisa the huge lumber girl and I'm on 106.7 KMED.
Yeah, we'll grab a couple of emails of the day
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and i do be writing me this morning you know bill my wife and i will occasionally
go to a rogue's game as i love baseball i'm with you on that one
uh... duby
but he says we don't go to many games because of the heat
when it's ninety five degrees, it's just too darn hot
to go sit out there for three hours,
then throw in the smoke from the wildfires.
No, thank you.
Maybe night games are the answer.
It doesn't get dark till 9.30 or 10 here in the summer.
If the lights are on that late,
the generators up on the hill start complaining.
Oh, the folks up on the hill start complaining.
Oh yeah, I get it.
All right.
I'm not sure we have the population
to support a major league baseball team. Well, yeah, that's where they have tended to go
to much larger communities here, Dobie, but I appreciate you. You're writing about that.
Darren and Tammy write, Hey Bill, another use stated for the ball stadium would be to
host concerts. We can't even get enough concerts for the amphitheater at the fairgrounds. We
can't rely only on tourism in our Valley. When will the city and county understand that?" And Jeff saying, Bill, jail?
No, no, no, no, no, no, no, no. The stadium could be the homeless shelter. They can move them out
before each game, you know, kind of like they do in San Francisco before all the politicians come
and do the tours. Jeff, you crack me up over at Selma. I appreciate that.
And the email bill at BillMeyersShow.com. We will talk again tomorrow and it'll be Pebble in your Shoe Tuesday.
You can talk about this and other things on your mind, some pretty good stuff.
You have yourself a great day. Mark Lee, Van Camp, and Robin's coming up also at 99.3, the jukebox on 99.3. See you then.
We're here with Susan, a Clauser drilling customer. Susan, what was the most impressive part of the experience? See you then. And when they hit water, I burst into tears. I had my own waterworks going on.
It was a tremendous, tremendous relief.
Visit clauserdrulling.com.
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homeandbuilt.com. We build the best and fix the rest. Southern Oregon's place to talk KMED and KMED HD one eagle point Medford a
bi-coastal media station it's nine o'clock at KMED