Wednesday, January 16, 2008

Fork in the Road


photo: Colin Gregory Palmer

The DOW closed down 277 points yesterday. One week after the brokerage house of Merrill-Lynch announced a $5 billon bailout from the government of Singapore and say they are talking with China and the Saudis for more money, Citigroup has accepted a bailout by Saudi prince Alwaleed bin Talal, making the prince Citi’s largest individual shareholder.

The Supreme Court of the United States handed down a ruling preventing shareholders from suing for damages, banks, brokers, or other third parties along with companies that deceive investors, a concept known as "scheme liability." Thereby placing a major roadblock in the way of employees and other investors who lost their live savings in the Enron sham.

The U.S. Food and Drug Administration issued its ruling calling meat and milk from cloned animals as "Indistinguishable" from that of naturally bred animals, paving the way for sale of cloned milk and meat. Two U.S. companies, Viagen Inc. and Trans Ova Genetics, have already produced more than 600 cloned animals for U.S. breeders.

Our president is touring the Middle East begging for more oil and reassuring his Arab friends that he doesn’t believe the latest intelligence report on Iran.

I had planned to post another look at the history of American music, but the evening news preempted all other thought. Thankfully it is an election year.

Josh White - The House I Live In (That's America to Me).mp3

James McMurtry - We Can't Make It Here.mp3
website: jamesmcmurtry.com
buy it: here

Update: to keep things balanced I have added the the following:

Frank Sinatra - The House I Live In.mp3
Thanks for the tip, Paul.

Thanks to my friend, Virgil, for the inspiration for today’s post.

15 Comments:

Blogger Minerva said...

Hi Ed,

'Merlin's' keeping me pretty occupied at the moment. (I still find time to read your blog.)

While you're on the 'pollie' soapbox.

I have been meaning to ask you = so I can explain to my daughter - about the previous alleged 'rigged voting for Bush'. What was actually done about this 'incident'? Just briefly :)

It's a change from music; although it 'was' music that kept us in tune (no pun intended) with politics initially.

January 16, 2008 9:06 PM  
Blogger Paul said...

This comment has been removed by the author.

January 16, 2008 9:38 PM  
Blogger Paul said...

Ed,

I put an mp3 in my previous comment (as a joke) and then decided that I should probably remove because I don't want to hijack your comments. (fyi: It was Sinatra's version of The House I Live In, i.e., the "Republican response").

On a more serious note, I hope the election can make a difference but I'm worried that the two major parties really aren't all that different. The number one priority of all politicians seems to be self-promotion. R's act like D's if they think it will help them get votes, and vice versa. Not sure if any of them really govern for the sake of the people.

January 16, 2008 10:30 PM  
Anonymous black dog teatro said...

This is the Ed we love. Consientious and interrogative. The BLue Bus is an attractive force like stars. There's a chronicle - weight less than shadow. Take a look. A great pleasure to get the bus in lights.
The commentary #12 article reference The Quilt invites side trip voyageurs.

Open to clarifications before black dog moves on.

Good article today. The world according to PK Dick is turning into a prophecy. The universe is just a parcel.

all thoughts fly... k.

January 17, 2008 7:00 AM  
Blogger Ed said...

Lynne, I should keep the discussions on the Bus focused on music, but sometimes my other interests creep into the stream.

To answer your daughter's question - nothing, absolutley nothing was done.

January 17, 2008 7:43 AM  
Blogger Ed said...

Paul, There is no censorship on the Bus. You can't "hijack" it if the wheel is open to all. Comments are not only welcome, but encouraged.

I posted O'l Blue Eyes song for you, and have another from my friend Virgil (the servers went down again, I will try to post later)

To your serious note - I'm affraid that you are right, my friend. They are all members of the same club, interested only in their own agenda (funding for the next election.)

January 17, 2008 7:52 AM  
Blogger Ed said...

K, Thank you for your kind words. While my thoughts have been more of HG Wells, your comparison with PK Dick is eerily spot on.

January 17, 2008 8:01 AM  
Anonymous Anonymous said...

I like the idea of open forums, free speech and no censorship as a general belief, but I do come to the bus for music, music history and related debate. When it turns into a rolling platform for liberalism (or consevatism - doesn't matter), I'd rather get off.

Don't change on my account because those beliefs say, if one doesn't like the gritty TV show, change the channel, rather than getting the show canceled.

Who am I take take your political comments away from the riders who enjoy them?

January 17, 2008 8:47 AM  
Anonymous Anonymous said...

Most folks do not seem to like political discussions, but this is unfortunate. Without a free intelligent and open discourse how can a "democracy of the people" function?
People need to expend the effort to engage in a fruitful exchange of ideas, express their opinions, and become educated as to what is really happening to our country and our world.
Failure to do so will only allow a continuation of our demise.

January 17, 2008 10:14 AM  
Anonymous Anonymous said...

I agree with anonymous 2. But, if the comments were directed to me, I didn't say I didn't like political discussion. I said I didn't like it on the blue bus where I come for music. If I order a steak in a restaurant, I expect my plate to have a steak on it, not a stack of political brochures. A place and time for everything.

January 17, 2008 12:40 PM  
Anonymous Paul said...

Thanks Ed,

I just thought posting an mp3 in the comments might have been a bit presumptious, but I appreciate your no censorship stand.

And people, this is a blog not a music magazine. Blogs are supposed to be somewhat personal and informal. So I'm all for hearing about whatever's on Ed's mind. Also, politics can have a lot to do with music, e.g. Woody Guthrie, The Clash, Billy Bragg, Merle Haggard...

January 17, 2008 1:36 PM  
Anonymous Richard said...

The day that we, as free citizens of a free country, decide that political discussion is too 'controversial' is the day we need to report to that nice Mr O' Brien and he can introduce all of us to the dubious pleasures of Room 101 ... Remember, the pols know one rule always applies: If you can get people to ask the wrong questions, there's no need to worry about the answers you give 'em. Knowledge. Is. Power. Ignorance. Is. Ruled. Ignore the headlines and concentrate on the subtext.

January 17, 2008 6:16 PM  
Anonymous Dan said...

As a Canadian, I can confidently state that our countries are being run by two totally incompetent idiots surrounded by very intelligent and sinister (I don't mean left-handed) advisors. The press doesn't help one bit. What the hell ever happened to investigative journalism? These shites in office need to be exposed for what they really are. I said it during your last election, and I'll say it again. Good luck. You have piles of crap to choose from. Which smells less than the others? We're no better off here in Canada.

January 17, 2008 6:28 PM  
Blogger Paul said...

Ed,

Here's a live version from Sinatra complete with commentary from Frank about "this great big wonderful, imperfect country...": The House I Live In.

January 17, 2008 11:26 PM  
Blogger Ed said...

Thanks, Paul. My friend, Virgil, wrote to remind us that Frank Sinatra was very left-leaning in the early days. As Virgil pointed out, Frank Sinatra was "nearly successfully red-baited and blacklisted. His turn
to the right came only during the late 60s and thereafter."
I'd say by Frank's intro to this piece that he still was a Democrat.

January 20, 2008 5:08 PM  

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