How 1978 Shifted Power In America And Laid The Groundwork For Our Current Political Moment - TPM – Talking Points Memo

Me neither, although I drifted into Blues more than Rock after a while, and then later in life fell down the Irish trad rabbit hole. My listening tastes for anything you’d still call Rock were things like the Mark Knopfler solo albums (mandatory for any guitar player) and Sting solo albums, that kind of thing.

Rick Beato did an interesting piece just recently on how the corporate consolidation of FM radio stations killed Rock, because local DJs could no longer discover and promote local bands. I’m sure that’s partly to blame, but I also think Rock died in terms of Pop music popularity because every generation wants music different from what their parents liked. Or for Classic Rock, their grandparents!

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In the Mar-a-Lago case, Judge Cannon has just refused to enforce a routine deadline & it's entirely clear she has no intention of letting this case go to trial before the election or possibly ever. pic.twitter.com/ggwOzcEUa1

— Joyce Alene (@JoyceWhiteVance) January 13, 2024
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Ditto what @randyabraham said.

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And jazz. Stanley Clarke, Weather Report, Herby Hancock, Tom Scott, Al Jarreau, Stevie Wonder, Steely Dan and yep…

Joni Mitchell.

I had other things on my mind in 1978… wasn’t paying much attention to the politics that goes down behind closed doors.

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Humanity would currently need 1.7 Earths to maintain consumption of resources at a level the planet’s biocapacity can regenerate.

If only our appetites were better at math.

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Early Boz Scaggs, Marley and an interesting Italian conductor…REVERBERI. very bold Liszt. I’m unable to find any of him today.

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Mike Johnson can become a Sunday school teacher again!! He’ll soon join Moms for Liberty for their orgies. He betrayed the Family and Organization by negotiating with Senator Charles Schumer.

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Yes indeed, interest rates going up to 24% on long term CD’s, gave everyone a taste of “easy money”.

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And god didn’t make little green apples…

And the depression didn’t happen because…

Love all those guys, had thought to mention jazz in the 70s. Also: Chick Corea, Flora Purim, Pat Metheny. And Little Feat.

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Disco out the door.

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Wrong

The Investment Tax Credit of 1962, repealed in the nineteen eighties, drove a good deal of business investment. So much that it was eliminated in the early nineteen eighties. From page 17

The investment tax credit reduces the after-tax cost of
capital on the right-hand side ofequation 3, increasing
the desired capital stock and investment. The new tax
bill, by eliminating this subsidy, directly increases a
firm’s cost of capital, reduces the corporate sector’s
desired capital stock and depresses investment.

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Chick passed last year. Romantic Warrior by Return to Forever is a classic. Clarke, Al Dimeola, Lenny White and Chick. Larry Carlton, Chuck Mangione and Spirogyra notable also.

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CNN —

A New York judge ordered Donald Trump to pay $392,638 in legal fees to The New York Times after his failed lawsuit against the news outlet and its journalists over the disclosure of his tax information in a 2018 Times article, according to court documents..
… … … … … …
(((SNICKER!!)))

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Hey, I love Gene Roddenberry, too. But, to bastardize a bastard, you go to war with the late stage capitalism you have, not the late stage capitalism you want.

I was big into Chick Corea in his Return to Forever phase and saw them live a few times. John McLaughlin and Mahavishnu Orchestra too. Jean-Luc Ponty, all those jazz-rock fusion guys.

Al DiMeola with RTF was my Guitar God for a while, responsible for the worst acoustic guitar I ever bought – an Ovation Legend. It was the first acoustic guitar with a neck that was slim and “fast” like an electric guitar, and the first with a decent pickup system. But with that fiberglass bowl back it sounded like shit acoustically if it wasn’t plugged in. I eventually moved into acoustic guitars that actually sounded good.

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Please do not apologize for the length of your article. It takes many factors and developments that I remember (if often only vaguely) from the news over the years (I was born in 1950), as well as history I (at best) only half knew, and weaves everything into a complex, dynamic, and coherent argument. It reads easily (even the financial/economic portions – not my thing, and I learned a lot from them) and is persuasive, and so does not seem long at all. Its tone is indeed elegiac – not polemical, which is rare these days. It deserves a wide audience. Thank you for sharing it here.

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CNN —

Former President Donald Trump holds a wide lead over his Republican presidential competitors among likely GOP caucusgoers in Iowa, the final Des Moines Register/NBC News/Mediacom poll before Monday’s caucuses found.

Overall, 48% of likely caucusgoers say Trump would be their first choice, 20% name former South Carolina Gov. Nikki Haley, and 16% Florida Gov. Ron DeSantis, with the rest of the field below 10%.
… … … … … … …
I’ve been to Iowa for cycling events. In my experiences with folk from that state I would not have thought they’d support a guy with criminal indictments, trials and very likely prison in his future if he isn’t elected to office. I would not have thought they’d support a potential criminal facing 91 felonies.

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So fcking enraging, because the whole notion of encouraging “capital formation” (puke) is so obviously wrong. And some of us knew it at the time.

People just decided they didn’t feel like paying taxes anymore. And promising a tax cut is like telling a kid they can have ice cream for dinner. People think we’re highly taxed based on nothing but their feelings. Our taxes are so low compared with other countries.

I guess what I’m saying is that this essay is impeccably researched and compellingly written, but it doesn’t capture the proud, aggressively stupid selfishness at the heart of that whole movement.

Also, Trump rode a racist anti-immigration wave; he didn’t create it. Eric Cantor was House majority leader and he lost a primary to David Brat, who is actually stupid, not just Congress-stupid, because of race-baiting anti-immigrant ranting. It was already there.

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