First the Bubble. Then the Short. Now the Long.
Some neighborhoods in Oakland are as devastated as any of the worst hit regions across America — Atlanta, Las Vegas, Phoenix. Now the morphing of the housing bust and foreclosure epidemic into a lucrative multi-billion dollar opportunity for major investors is also uncannily centered upon Oakland and the greater Bay Area, where companies flush with hedge fund cash are buying up homes by the thousands.
The entire sweep of the US housing bubble, financial crisis, and foreclosure wave can therefore be told by looking at persons and companies with intimate links to Oakland and the Bay Area. What follows is one account.
posted by the man of twists and turns
on Dec 11, 2012 -
I'm like a character in a dystopian science-fiction novel, holed up in a cave full of cultural artefacts, waiting for the young Jenny Agutter to arrive in a tinfoil miniskirt, fleeing a poisonous cloud on the surface, to check out my stash and ask me: "Who exactly was the Quicksilver Messenger Service? Who was this Virginia Woolf? What kind of man was Jonah Hex?"
- Stewart Lee on comics, books, CDs and shelves
. Many, many feet of shelves.
posted by Artw
on Aug 1, 2010 -
Researcher John Meyer
has devised an objective index demonstrating that mp3s offer far lower fidelity than either vinyl LPs or standard CDs. And yet this
eight-year study at Stanford University shows that prolonged exposure to mp3s leads young listeners to prefer the format. No wonder record producers are despairing.
posted by Paul Slade
on Sep 22, 2009 -
On the heels
of news about $165 million to be paid as bonuses to AIG employees, the company has released
"the counterparties involved in credit default swaps and other transactions in which bailout funds were used to meet A.I.G. obligations."
In other words, where your bailout money went.
More background here
posted by jourman2
on Mar 15, 2009 -
are complex little known financial instruments (insurance contracts) that are on the brink of triggering "the most colossal rights issue in the history of the world, all at once .. mandatory." If, out of a list of several hundred major companies, any nine go bankrupt
, the CDO's are in default, which would mean a mass transfer of cash (real money) from unsuspecting investors around the world goes into the banking system. How much? Nobody knows, but it’s many trillions. Banks will be flush with cash, perhaps ending the credit crisis, while many investors (individuals, charities, municipalities) will be wiped out. Alternatively, the triggering of default on the trillions of synthetic CDOs could be a disaster that tips the world from recession into depression. Nobody knows, but it won’t be a small event. Thus far the count is six
: three Icelandic banks, Countrywide, Lehman and Bear Stearns.
posted by stbalbach
on Dec 1, 2008 -
Your real name and all ten of your aliases are on the AOL mailing list.
Or you’re an extreme computer geek and your mother is getting quite irate about the hundreds of used CDs cluttering up her basement. (And your non-payment of rent. And the smell…)
Or your alternative-punk-Celtic-rap band’s release was tragically unappreciated by the public. Whatever, you have piles of CDs sitting around. You’ve followed this advice on how to minimize CD use and know that recycling CDs is not as easy as it should be
, and maybe isn’t even possible in your country. What options do you have? Well, these people are collecting a million AOL CDs and intend to dump them off at AOL’s corporate headquarters
. These people make clocks from them
, and you could too
. Or you could use them to make an ambient floor
or table lamp
, a throne
, a photo frame
, a really huge mobile
, a disco ball
, shingles for your tree house
, or quite
, ranging from postcards to bowls to spinning tops. Or you could play a quick game of disk hockey
with a friend (that is, if you have time before your mum gets home).
posted by orange swan
on Nov 18, 2006 -
As Attorney General for the State of North Dakota, I am pleased to enclose payment for your claim in the settlement of the Compact Disc Minimum Advertised Price Antitrust Litigation.
Checks have gone out to people who "purchased prerecorded Music Products, consisting of compact discs, cassettes and vinyl albums, from one or more retailers during the period January 1, 1995, through December 22, 2000." Mine was for $13.86. I think I'll go buy an indie CD.
posted by travis
on Feb 24, 2004 -
You are your record collection.
If you really want to get to know someone, try rummaging through their CD collection. "I don't think anyone who's really passionate about music just 'listens' to it. This research is positive confirmation of the fact that songs are emblematic of people's characters. I've always believed that people's musical taste says a lot about them. If you like Avril Lavigne, for example, you probably need to have your ears syringed."
posted by eyebeam
on Jul 11, 2003 -
A wondrous little application, Clutter grabs album info from a currently playing MP3 track, sends it off to Amazon, and comes back with an image of the CD cover. Once done, these images can be moved about the desktop at will; a double click plays the record in its entirety. And it's free. God bless the independent developer! [OS X and iTunes compatible only, unfortunately.]
posted by aladfar
on Apr 22, 2003 -
Smithsonian Folkways shows the way? (NYT link, blah blah)
"The major music companies may fret over falling revenue, but one label saw its business jump 33 percent last year — thanks in part to the recordable compact discs that the industry says are hurting its sales." Smithsonian Folkways
has been burning CD-Rs for customers ordering some of its obscure titles. Would this work on a larger scale? Why should any recording ever go out of print again?
posted by pmurray63
on Feb 16, 2003 -
This revolutionary Laser Labeling System allows graphics and text to be burnt onto CD-R disc, eliminating the need for labels. Customers can put graphics, such as signatures, logos, memorandums, and photo images onto CD-R's unused area after data writing.
posted by Fofer
on Jun 16, 2002 -
When stupid laws attack: this article
points out that the widely syndicated article
about thwarting the copy protection of sony's CDs is a direct violation of the DMCA
. Will news directors at Reuters, Yahoo, and CNN be seeing fines and jail time soon? How many times does it have to be pointed out that the DMCA restricts free speech as it attempts to thwart piracy at any cost? (via k5
posted by mathowie
on May 24, 2002 -
Copy protection for CDs does not have future
. Philips spokesperson Klaus Petri, speaking to Reuters, says its company counts on the fact that the refusal of consumers will convince the music industry to step back from copy-protected CD's. Petri said that Philips could sue the manufacturers of CD's with copy protection (as managers of the world-wide CD patents), because they would not correspond to the standards. "those are silver disks with music on them, but which do not resemble CD's". [via Neowin.net
posted by riffola
on Jan 9, 2002 -
Copy-Protected CDs: The List!
Buying CDs as gifts this holiday season? If the people on your gift-giving list have MP3 players or listen to their CDs on their computers, you'll want to have this list handy, as these CDs have intentional "copy-protection" defects that may render them unplayable on computers, certain car stereos, and some other high-end audio equipment.
posted by tpoh.org
on Nov 30, 2001 -
Just returned from the mall, shocked at the price tags on the new Rhino Elvis Costello reissues. Having already bought the Ryko versions as well as the original vinyl back in the day, my anger is twofold. As a big Costello fan, I feel exploited. As a habitual CD buyer, I'm amazed at the price of back catalog stuff in the chains. Somebody please tell me there's a real reason for these high CD prices. Is it me or is the gap between online and chainstore prices way wider than it should be?
posted by davebush
on Sep 4, 2001 -
Anti-rip CD system bypassed.
heh. nice try, boyos. i've never understood how people can believe something digitized can possibly be protected in such a manner as to be foolproof. what one process can scramble, another can undo. [via /.
posted by fuzzygeek
on Aug 1, 2001 -
Napster proof CDs?
(Salon link, so shoot me) A new scheme for copy-protected CDs that uses errors and false data to confuse your CD-ROM drive. (more inside)
posted by smeat
on Mar 28, 2001 -
CD sales down near college campuses?
A new study shows that despite growing music sales overall, independent stores near the campuses of colleges that have banned Napster report a 7% decline
in sales over the past two years. [more inside...]
posted by daveadams
on May 25, 2000 -
Although this story doesn't sound like much,
the FTC coming down on Time Warner, the effects could be great. Time Warner has agreed to ban their minimum pricing on featured new CDs, admitting that for the last seven years, these compact discs have been artificially overpriced. Do you think making CDs cheaper for the first time in years had anything to do with all the attention mp3s have been getting from consumers?
posted by mathowie
on May 10, 2000 -