Friday, July 18, 2008

Wishing KZQZ a good change; Economy Rollercoasters

Hi, Johnny Rabbitt Junior fans. It's Friday night, and I finally have access to the computer to tell you what I can.

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I was informed that KZQZ is going "in a different direction", and that I am "no longer needed" as an employee of KZQZ.



I don't truly know what direction the station will be heading. If there is something going on with the station manager, Bob Romanik, I don't know what that would be at this point...he has not talked with me since a brief conversation on Tuesday afternoon. That conversation was marked with some references to changes, but no exact reason for those changes.



If you have questions, please ask Bob Romanik those questions --- I really don't have any answers for them.



Meanwhile:



I would like to thank those advertisers who had planned to start on the air this week and next week on KZQZ and on the RABBITT REUNION show...I am, unfortunately, unable to play your commercials, read them to the listeners, and therefore unable to fulfill the obligation that I had hoped to have completed for you. Yes, I know that you'd love to be on the air on KZQZ...you may always contact the station at its permanent office in Belleville, Illinois - the phone number is 618-394-9965. They may have hired a sales manager...not having been part of the station since the other day, I am not on the inside to tell you for certain that there has been any sales staff hired, although it appeared that the station was about to hire one or two people.



I hope that TJ the DJ, Jim "Super" Shannon, The Foxman, Tina Sanders, Jackie McCoy and Mad Maynard, Steve Davis, and Bob Romanik are able to weather the changes. I know that Clark "Dr. Boogie" Davis will be just fine...but that's great insider information anyway!



From the conversation I did have with Bob Romanik on Monday, and again on Tuesday afternoon, Bob apparently thought I was heading for another radio station...he thought I had been offered a job elsewhere. As of Tuesday at 4:30pm [when I walked out the door of KZQZ supposing that I may possibly still be back on THURSDAY (Bob had asked me to take Wednesday off and call on Thursday morning)], I had not called any other stations for possible employment --- and none had offered me any positions. Since that time, I have made contacts in hopes of securing another job. That having been said, if Bob wanted me back --- and would be willing to pay me for my services --- I would consider that strongly. I believe in oldies as a format, and great personality rockin' jocks as being one of the reasons that people like to listen to the radio, and in AM radio as a great permanent place for oldies in a radio market like St. Louis.



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HERE COMES THE OPINION PART:



The barrel of oil dropped rather significantly over the period of last week Friday through Thursday this week. The stock market dropped significantly last week, then had a slight rebound on the oil price fall this week.



It's still the beginning of a depression.



The housing market continues to lose steam. The mortgage situation remains dire. Escrow accounts are now the targets of the lenders --- they're REQUIRING additional money to many of those who have bought houses inside the past four years. The increases may acrue money for the lenders faster, but maybe they should consider the economic factors which could also cause the mortgage fiasco to become even MORE of a catastrophy. If they ask for additional money from those to whom they've now lent money at the beginning of the mortgage cycle, they are asking people who have only a "little" wiggle room to come up with additional funds. Sure, in many cases they are prepared to pay up to twice what they had been paying each month. But, not all people figured into their budget a cost of TWO TIMES what their monthly payment would be --- and you should already know that will cause ADDITIONAL foreclosures.

That would also mean --- get this, people --- the mortgage companies asking for more money to cover escrow payments would also be CAUSING MORE PROBLEMS FOR THEMSELVES because they'd never be able to recover the money that they had suddenly caused to become additional outstanding debt due to the additional foreclosures. The actual debts could become significantly higher to the lender. Then, the lender begs for the Federal Government to help them recover.



Um...IndyMac...that's one word I guess I could bring up to the light now.



I hope you all have a good weekend!

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NOTE:

Clark "Dr. Boogie" Davis...keep on RRRRRRRRRRRRRRRROOOCCKKKKKIINNNN'!!!

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