This stuff is obviously synced instead of live, and the Bechet section mostly features someone else soloing, but still it's pretty cool to see footage of these great musicians. H/t echidne.
Sunday, December 14, 2014
Saturday, December 13, 2014
The Mothers Of Invention - Cruising For Burgers
Stuck in my head for some reason. Frank Zappa proves once again that he will mix any and all elements to produce a piece of music.
Friday, December 12, 2014
Krugman on Greece Today
Easier to read than explain.
The truly disastrous effect of the Greek crisis was the way it distorted economic policy, as supposedly serious people around the world rushed to learn the wrong lessons.
Now Greece appears to be in crisis again. Will we learn the right lessons this time?
The truly disastrous effect of the Greek crisis was the way it distorted economic policy, as supposedly serious people around the world rushed to learn the wrong lessons.
Now Greece appears to be in crisis again. Will we learn the right lessons this time?
Thursday, December 11, 2014
Wednesday, December 10, 2014
Tuesday, December 9, 2014
The Bonzo Dog Band - I'm The Urban Spaceman
Happy seventieth birthday to Neil Innes, writer and singer of this song, colleague of Vivian Stanshall (the mustachioed gentleman in this clip) and the unofficial six-and-a-halfth member of Monty Python (as seen in Monty Python at the Hollywood Bowl).
Monday, December 8, 2014
Krugman on the Recovery (Such as It Is)
Yes, things look better. No, they don't look good. Krugman explains.
There are recessions and then there are recessions. Some recessions are deliberately engineered to cool off an overheated, inflating economy. For example, the Fed caused the 1981-82 recession with tight-money policies that temporarily sent interest rates to almost 20 percent. And ending that recession was easy: Once the Fed decided that we had suffered enough, it relented, interest rates tumbled, and it was morning in America.
But “postmodern” recessions, like the downturns of 2001 and 2007-9, reflect bursting bubbles rather than tight money, and they’re hard to end; even if the Fed cuts interest rates all the way to zero, it may find itself pushing on a string, unable to have much of a positive effect. As a result, you don’t expect to see V-shaped recoveries like 1982-84 — and sure enough, we didn’t.
There are recessions and then there are recessions. Some recessions are deliberately engineered to cool off an overheated, inflating economy. For example, the Fed caused the 1981-82 recession with tight-money policies that temporarily sent interest rates to almost 20 percent. And ending that recession was easy: Once the Fed decided that we had suffered enough, it relented, interest rates tumbled, and it was morning in America.
But “postmodern” recessions, like the downturns of 2001 and 2007-9, reflect bursting bubbles rather than tight money, and they’re hard to end; even if the Fed cuts interest rates all the way to zero, it may find itself pushing on a string, unable to have much of a positive effect. As a result, you don’t expect to see V-shaped recoveries like 1982-84 — and sure enough, we didn’t.
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