A few weeks ago we heard from Dartmouth's football coach, Buddy Teevens, and learned how his staff's is using "robots" in practice. Today, John Currier, the Co-Founder of Mobile Virtual Player and the inventor of those robots will tell us about his invention and how it is being used to help limit the number of hits football players take in practice. It must be paying off... because Dartmouth's defense seems to be stifling offenses and the Big Green is clobbering its opponents this year! 

 

Nan Carroll reminded club members to sign up for the Auction and to recruit friends to join us for this event. Bob Ashton indicated he was seeking items for the silent auction and encouraged members to provide him with information on items that would attract interest. 

 

Jim Bonney won the newly launched raffle and went home with a Rotary Banner. We'll have a new and different prize possibility every week... yet another reason to attend our meetings. 

 

Danny Blanchflower's presentation on our economy was, as always, entertaining, informative, and somewhat scary. The main takeaway from this talk was that UN-employment is an outdated and worthless metric when it comes to determining the health of our economy. A better measure is UNDER-employment and underemployment is dampening wages and therefore eroding the health of our economy. He asserts that the Federal Reserves reliance on unemployment leads them to make bad decisions on raising interest rates, and their misguided decision to do so in 2008 led to the Great Recession that began later that year. The 11th slide in the attached presentation lists several mitigating factors that led to Danny's concerns about the decision to raise interest rates. 

 

 

In short, based on all the factors listed above, Danny foresees another recession on the horizon in 2019. A lively question and answer session followed... extending past the usual departure time of 1:15 PM. 

Stay tuned for the November listing! 

 

Hope to see you all on Wednesday. 

 

Wayne Gersen