Monday, March 17, 2008

Food Chain

Well, how far do you wish to follow down the rabbit hole?
The weekend papers were ablaze with Pop Trash journalism, but even the first layer of comment and analysis, combined with the bevy of stories, illuminates the shrouds and veils, if not the underpinnings - the kingpins - of our demise.

While the business sections quietly announced the saving of investment bank Bear Stearns by JPMorgan Chase, backed by the Fed, an Oregon woman takes on the music industry with lawsuit language claiming 'racketerring and fraud'. The local Post-Intelligencer celebrates Issaquah's Soundsation vinyl store run in the area for 17 years by entrepreneur Barry Resiman, who prefers the sound quality of LPs over MP3s. This is not news to the boomers - but welcome reminder nonetheless. Remember when the music biz was stoked by personal tapes made by fans to share with their circle of friends?! Gosh, what a way to get free buzz - an inexpendable but squirrelish marketing tool to a healthy industry that today would trash their own golden goat. "Where have all the flowers gone?"
Meanwhile, the 'SPAM King' pleads Guilty! and takeover talks grew over the weekend. Our beloved if beleagured WaMu, who can't get their apologies and new directions right, it seems when Moody's issues 'junk' rating.

Then we learn that over the weekend the Fed takes further action to bolster the economy.

What gives? What takes? Your comments please --

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