Seven years old. Seven years old! SEVEN YEARS OLD!
If you haven’t guessed yet, the key to this video is that this kid is seven years old. He is going to be burned out on his first career by the time he becomes a teenager. Amazing talent
You can’t get much more classic than this. I stumbled upon this the other day. Steamboat Willie. I had to check it out because I have seen clips and have heard the history of it but I had never seen the cartoon that was an instant hit and launched Walt Disney and his famed mouse into cartoon stardom. Here is the wiki writeup:
Steamboat Willie (1928) is an animated cartoon featuring Mickey Mouse released on November 18, 1928. It was the third Mickey Mouse cartoon—after Plane Crazy (May 1928) and The Gallopin’ Gaucho (August 1928)—to be made and the first with sound. Disney used Pat Powers’ Cinephone system, created by Powers using Lee De Forest’s Phonofilm system without giving De Forest any credit. Steamboat Willie premiered at New York’s 79th Street Theatre, and played ahead of the independent film Gang War. Steamboat Willie was an immediate hit while Gang War is all but forgotten today.
The cartoon was written and directed by Walt Disney and Ub Iwerks. The title is a parody of the Buster Keaton film Steamboat Bill Jr. Music for Steamboat Willie was put together by Wilfred Jackson, one of Disney’s animators — not, as sometimes reported, by Carl Stalling — and comprises popular melodies including “Steamboat Bill” and “Turkey in the Straw”.
My thoughts on the DOJ suit against ATT for the proposed merger.
DOJ is spot on. These are two healthy companies alone, and give good competition to each other. ATT does not have a good track record for doing what is best for the consumer, and the American worker. They are disingenious about their intentions to add jobs and bring back call center jobs. It either won’t happen, or it’ll be disastrous when it does.
I think the DOJ, and from I’m hearing, the SEC, are exactly right. Now, get ready for the markets to turn their noses up and pitch a hissy fit over what will be seen as an “anti-growth” move by Washington. Or so says the egg head on CNBC.
It was a bad deal for all of us, and a great deal for ATT and it’s shareholders.
Cimarronsaid:
At August 31, 2011 11:57 am
Who will sstill have a seat when the music stops?
theexpertisinsaid:
At August 31, 2011 12:01 pm
The PEW survey’s objectivity is reflected in their name.
Although the Tea Party may be a passing fancy, a reversion back to Keynesian theory and practice is not likely to be the result (although a large number of politicians who would sell their mother to gain a vote love the practically unlimited spending of this approach).
There will be a “third way” to tackle the financial mess, which polling wonks will articulate to suit their ideological taste. Stay tuned.
re bank america sued by nevada
let just stick them w all their proper legal liabilities and “resolve” them wind them up
if their balance sheet aint broke like i think it is
their accounts plus legal liabilities most likely is
poor warren
Marx, Labor’s Dwindling Share of the Economy and the Crisis of Advanced Capitalism (August 31, 2011)
“All attempts to reform the Status Quo of advanced finance-based Capitalism will fail, as its historically inevitable crisis is finally at hand.
It is self-evident that conventional economics has failed, completely, utterly and totally. The two competing cargo cults of tax cuts/trickle-down and borrow-and-spend stimulus coupled with monetary manipulation have failed to restore advanced Capitalism’s vigor, not just in America, but everywhere.
Conventional econometrics is clueless about the root causes of advanced finance-based Capitalism’s ills. To really understand what’s going on beneath the surface, we must return to “discredited” non-quant models of economics: for example, Marx’s critique of monopoly/cartel, finance-dominated advanced Capitalism. (“Capitalism” is capitalized here to distinguish it from “primitive capitalism.”)
All those fancy equation-based econometrics that supposedly model human behavior have failed because they are fundamentally and purposefully superficial: they are incapable of understanding deeper dynamics that don’t fit the ruling political-economy conventions.
Marx predicted a crisis of advanced Capitalism based on the rising imbalance of capital and labor in finance-dominated Capitalism. The basic Marxist context is history, not morality, and so the Marxist critique is light on blaming the rich for Capitalism’s core ills and heavy on the inevitability of larger historic forces.
In other words, what’s wrong with advanced Capitalism cannot be fixed by taxing the super-wealthy at the same rate we self-employed pay (40% basic Federal rate), though that would certainly be a fair and just step in the right direction. Advanced Capitalism’s ills run much deeper than superficial “class warfare” models in which the “solution” is to redistribute wealth from the top down the pyramid.
This redistributive “socialist” flavor of advanced Capitalism has bought time–the crisis of the 1930s was staved off for 70 years–but now redistribution as a saving strategy has reached its limits.
The other political-economic strategy that has been used to stave off the crisis is consumer credit: as labor’s share of the economy shrank, the middle class workforce was given massive quantities of credit, based on their earnings and on the equity of the family home.
The credit model of boosting consumption has also run its course, though the Keynesian cargo cult is still busily painting radio dials on rocks and hectoring the Economic Gods to unleash their magic “animal spirits.”
The third strategy to stave off advanced Capitalism’s crisis was to greatly expand the workforce to compensate for labor’s dwindling share of the economy. Simply put, Mom, Aunty and Sis entered the workforce en masse in the 1970s, and their earning power boosted household income enough to maintain consumption.
That gambit has run out of steam as the labor force is now shrinking for structural reasons. Though the system is eager to put Grandpa to work as a Wal-Mart greeter and Grandma to work as a retail clerk, the total number of jobs is declining, and so older workers are simply displacing younger workers. The gambit of expanding the workforce to keep finance-based Capitalism going has entered the final end-game. Moving the pawns of tax rates and fiscal stimulus around may be distracting, but neither will fix advanced finance-based Capitalism’s basic ills.
The fourth and final strategy was to exploit speculation’s ability to create phantom wealth. By unleashing the dogs of speculation via a vast expansion of credit, leverage and proxies for actual capital, i.e. derivatives, advanced finance-based Capitalism enabled the expansion of serial speculative bubbles, each of whcih created the illusion of systemically rising wealth, and each of which led to a rise in consumption as the “winners” in the speculative game spent some of their gains.
This strategy has also run its course, as the public at last grasps that bubbles must burst and the aftermath damages everyone, not just those who gambled and lost.
Two other essential conditions have also peaked: cheap energy and globalization, which opened vast new markets for both cheap labor and new consumption. As inflation explodes in China and its speculative credit-based bubbles burst, and as oil exporters increasingly consume their resources domestically, those drivers are now reversing.
Advanced Capitalism is broken for reasons conventional economics cannot dare recognize, because it would spell the end of its intellectual dominance and the end of the entire post-war political-economic paradigm that feeds it.
Let’s look at some charts to see what conventional economists must deny to keep their jobs.
Take a look at this chart. What reality does it reflect? A failure to cut taxes enough? A failure to print enough money or extend enough credit? No. What it reflects is labor’s dwindling share of the economy……….”
Donaldsaid:
At August 31, 2011 1:34 pm
Cool video. I can’t remember the last time I saw that many people screaming at a piano concert!
cjcpasaid:
At August 31, 2011 5:33 pm
Re: BofA,
AHodge’s comment
Don’t count out an agreement or legislation that wipes out all past liability.
I’m still pissed about the retroactive immunity in the FISA bill. I thought that retroactive immunity was something that could not happen in this country. Well, it won’t happen if I run afoul of the law, but the companies that the government, PowersThatBe, like, need, favor, or whatever — they certainly get it.
So, before you short BofA, think about whether Blackwater and Halliburton broke the law, and check their total liability payouts. As I recall, telecoms that broke the law did fine, while the CEO of the company that didn’t break the l- uh- ‘cooperate’ was the one that got indicted.
You may see Warren made whole, and plaintiffs found to lack standing to sue.
like, say, the whistleblower goes to jail. It can happen here. truly.
billions for criminals, no money for feeding poor children. That’s our country.
BoA’s a sticky subject. To Northerners, I think we’d be perfectly happy just blowing the darn thing up… ( Well it would be more like the last few whimpers of a fizzling balloon left over from a party full of 6 year olds).
But to be honest, I have no idea of their reach down below charlotte. How much of that Carolina/Georgia/Alabama/Florida market does the great BoA actually hold in it’s pockets?
Might truly be in a position where somebody’s forced to save their annoying hides. Trick is in discerning the 2nd and 3rd flipper pads from the ones that have actual coin and PEOPLE in them. Just a thought. I know. Bad habits die hard.
Loading ...
Growth will never be what it was, demographics…
http://www.bloomberg.com/news/2011-08-30/aging-baby-boomers-shrinking-labor-force-may-curb-u-s-growth-for-20-years.html
Funny comic today Barry!
Seven years old. Seven years old! SEVEN YEARS OLD!
If you haven’t guessed yet, the key to this video is that this kid is seven years old. He is going to be burned out on his first career by the time he becomes a teenager. Amazing talent
http://lifeinthekeyofc.waterforlife.ws/index.php/archives/1632
You can’t get much more classic than this. I stumbled upon this the other day. Steamboat Willie. I had to check it out because I have seen clips and have heard the history of it but I had never seen the cartoon that was an instant hit and launched Walt Disney and his famed mouse into cartoon stardom. Here is the wiki writeup:
Steamboat Willie (1928) is an animated cartoon featuring Mickey Mouse released on November 18, 1928. It was the third Mickey Mouse cartoon—after Plane Crazy (May 1928) and The Gallopin’ Gaucho (August 1928)—to be made and the first with sound. Disney used Pat Powers’ Cinephone system, created by Powers using Lee De Forest’s Phonofilm system without giving De Forest any credit. Steamboat Willie premiered at New York’s 79th Street Theatre, and played ahead of the independent film Gang War. Steamboat Willie was an immediate hit while Gang War is all but forgotten today.
The cartoon was written and directed by Walt Disney and Ub Iwerks. The title is a parody of the Buster Keaton film Steamboat Bill Jr. Music for Steamboat Willie was put together by Wilfred Jackson, one of Disney’s animators — not, as sometimes reported, by Carl Stalling — and comprises popular melodies including “Steamboat Bill” and “Turkey in the Straw”.
http://www.youtube.com/watch?v=RexXDDA8RoI&feature=player_embedded
My thoughts on the DOJ suit against ATT for the proposed merger.
DOJ is spot on. These are two healthy companies alone, and give good competition to each other. ATT does not have a good track record for doing what is best for the consumer, and the American worker. They are disingenious about their intentions to add jobs and bring back call center jobs. It either won’t happen, or it’ll be disastrous when it does.
I think the DOJ, and from I’m hearing, the SEC, are exactly right. Now, get ready for the markets to turn their noses up and pitch a hissy fit over what will be seen as an “anti-growth” move by Washington. Or so says the egg head on CNBC.
It was a bad deal for all of us, and a great deal for ATT and it’s shareholders.
Who will sstill have a seat when the music stops?
The PEW survey’s objectivity is reflected in their name.
Although the Tea Party may be a passing fancy, a reversion back to Keynesian theory and practice is not likely to be the result (although a large number of politicians who would sell their mother to gain a vote love the practically unlimited spending of this approach).
There will be a “third way” to tackle the financial mess, which polling wonks will articulate to suit their ideological taste. Stay tuned.
http://www.bloomberg.com/news/2011-08-29/give-marx-a-chance-to-save-the-world-economy-commentary-by-george-magnus.html
re bank america sued by nevada
let just stick them w all their proper legal liabilities and “resolve” them wind them up
if their balance sheet aint broke like i think it is
their accounts plus legal liabilities most likely is
poor warren
http://www.oftwominds.com/blogaug11/crisis-of-capitalism-8-11.html
CHARLES HUGH SMITH
Marx, Labor’s Dwindling Share of the Economy and the Crisis of Advanced Capitalism (August 31, 2011)
“All attempts to reform the Status Quo of advanced finance-based Capitalism will fail, as its historically inevitable crisis is finally at hand.
It is self-evident that conventional economics has failed, completely, utterly and totally. The two competing cargo cults of tax cuts/trickle-down and borrow-and-spend stimulus coupled with monetary manipulation have failed to restore advanced Capitalism’s vigor, not just in America, but everywhere.
Conventional econometrics is clueless about the root causes of advanced finance-based Capitalism’s ills. To really understand what’s going on beneath the surface, we must return to “discredited” non-quant models of economics: for example, Marx’s critique of monopoly/cartel, finance-dominated advanced Capitalism. (“Capitalism” is capitalized here to distinguish it from “primitive capitalism.”)
All those fancy equation-based econometrics that supposedly model human behavior have failed because they are fundamentally and purposefully superficial: they are incapable of understanding deeper dynamics that don’t fit the ruling political-economy conventions.
Marx predicted a crisis of advanced Capitalism based on the rising imbalance of capital and labor in finance-dominated Capitalism. The basic Marxist context is history, not morality, and so the Marxist critique is light on blaming the rich for Capitalism’s core ills and heavy on the inevitability of larger historic forces.
In other words, what’s wrong with advanced Capitalism cannot be fixed by taxing the super-wealthy at the same rate we self-employed pay (40% basic Federal rate), though that would certainly be a fair and just step in the right direction. Advanced Capitalism’s ills run much deeper than superficial “class warfare” models in which the “solution” is to redistribute wealth from the top down the pyramid.
This redistributive “socialist” flavor of advanced Capitalism has bought time–the crisis of the 1930s was staved off for 70 years–but now redistribution as a saving strategy has reached its limits.
The other political-economic strategy that has been used to stave off the crisis is consumer credit: as labor’s share of the economy shrank, the middle class workforce was given massive quantities of credit, based on their earnings and on the equity of the family home.
The credit model of boosting consumption has also run its course, though the Keynesian cargo cult is still busily painting radio dials on rocks and hectoring the Economic Gods to unleash their magic “animal spirits.”
The third strategy to stave off advanced Capitalism’s crisis was to greatly expand the workforce to compensate for labor’s dwindling share of the economy. Simply put, Mom, Aunty and Sis entered the workforce en masse in the 1970s, and their earning power boosted household income enough to maintain consumption.
That gambit has run out of steam as the labor force is now shrinking for structural reasons. Though the system is eager to put Grandpa to work as a Wal-Mart greeter and Grandma to work as a retail clerk, the total number of jobs is declining, and so older workers are simply displacing younger workers. The gambit of expanding the workforce to keep finance-based Capitalism going has entered the final end-game. Moving the pawns of tax rates and fiscal stimulus around may be distracting, but neither will fix advanced finance-based Capitalism’s basic ills.
The fourth and final strategy was to exploit speculation’s ability to create phantom wealth. By unleashing the dogs of speculation via a vast expansion of credit, leverage and proxies for actual capital, i.e. derivatives, advanced finance-based Capitalism enabled the expansion of serial speculative bubbles, each of whcih created the illusion of systemically rising wealth, and each of which led to a rise in consumption as the “winners” in the speculative game spent some of their gains.
This strategy has also run its course, as the public at last grasps that bubbles must burst and the aftermath damages everyone, not just those who gambled and lost.
Two other essential conditions have also peaked: cheap energy and globalization, which opened vast new markets for both cheap labor and new consumption. As inflation explodes in China and its speculative credit-based bubbles burst, and as oil exporters increasingly consume their resources domestically, those drivers are now reversing.
Advanced Capitalism is broken for reasons conventional economics cannot dare recognize, because it would spell the end of its intellectual dominance and the end of the entire post-war political-economic paradigm that feeds it.
Let’s look at some charts to see what conventional economists must deny to keep their jobs.
Take a look at this chart. What reality does it reflect? A failure to cut taxes enough? A failure to print enough money or extend enough credit? No. What it reflects is labor’s dwindling share of the economy……….”
Cool video. I can’t remember the last time I saw that many people screaming at a piano concert!
Re: BofA,
AHodge’s comment
Don’t count out an agreement or legislation that wipes out all past liability.
I’m still pissed about the retroactive immunity in the FISA bill. I thought that retroactive immunity was something that could not happen in this country. Well, it won’t happen if I run afoul of the law, but the companies that the government, PowersThatBe, like, need, favor, or whatever — they certainly get it.
So, before you short BofA, think about whether Blackwater and Halliburton broke the law, and check their total liability payouts. As I recall, telecoms that broke the law did fine, while the CEO of the company that didn’t break the l- uh- ‘cooperate’ was the one that got indicted.
You may see Warren made whole, and plaintiffs found to lack standing to sue.
like, say, the whistleblower goes to jail. It can happen here. truly.
billions for criminals, no money for feeding poor children. That’s our country.
2nd great contraction. continues from 2008 to ? http://www.ft.com/intl/cms/s/0/079ff1c6-d2f0-11e0-9aae-00144feab49a.html#axzz1We5wsmVo
BoA’s a sticky subject. To Northerners, I think we’d be perfectly happy just blowing the darn thing up… ( Well it would be more like the last few whimpers of a fizzling balloon left over from a party full of 6 year olds).
But to be honest, I have no idea of their reach down below charlotte. How much of that Carolina/Georgia/Alabama/Florida market does the great BoA actually hold in it’s pockets?
Might truly be in a position where somebody’s forced to save their annoying hides. Trick is in discerning the 2nd and 3rd flipper pads from the ones that have actual coin and PEOPLE in them. Just a thought. I know. Bad habits die hard.