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Sound Bites of the 1908 Presidential Candidates
roncosmos writes "Science News has up a feature on the first use of sound recording in a presidential campaign. In 1908, for the first time, presidential candidates recorded their voices on wax cylinders. Their voices could be brought into the home for 35 cents, equivalent to about $8 now. In that pre-radio era, this was the only way, short of hearing a speech at a whistle stop, that you could hear the candidates. The story includes audio recordings from the 1908 candidates, William Jennings Bryan and William Howard Taft. Bryan's speech, on bank failures, seems sadly prescient now. Taft's, on the progress of the Negro, sounds condescending to modern ears but was progressive at the time. There are great images from the campaign; lots of fun."
sounds condescending to modern ears but was progressive at the time
As opposed to the non-condescending progressives of today.
Had they put up some mp3, FLAC, WMA or similar files, it would be easy to listen to. However, they chose to use that insecure, and wholly inappropriate, Flash to distribute an audio file.
It's a shame too, because I'm sure the recordings would be interesting to hear.
It just goes to show why Flash must die.
We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower
Isn't the whole reason you got the greenback dollar because Lincoln didn't want to get the US govt into hock with the banks?
I was under the impression that there was always a significant distrust of banks in the US, until recently that is. I am astonished that a country which refuses to pay for a national 'free at point of provision' health service, supported by taxes, yet they happily hand over the entire country's income tax to the banking system, and now 700 billion because they stayed greedy for a bit too long.
That also puzzles me. Why not, just to throw a wild idea out, take a portion of the bad dept on for the people who are getting kicked out. I mean like buy 1/2 or 2/3 of the dept from the citizens affected, so they aren't evicted.
Surely that would work just as well.
A learning experience is one of those things that say, 'You know that thing you just did? Don't do that.' - D. Adams
I'm surprised that the inflation rate is so low for what had to be cutting edge technology of the era. Considering that a modern music CD that costs literal pennies to press sells (or attempts to sell, considering recent sales figures) for up to twice that price I wonder what figure was used for the amount of inflation over the last century.
"It's the height of ridiculousness to say for those 9 lines you get hundreds of millions."
I just got done reading an article about the Economic Panic of 1873 and how that depression more closely resembles what's currently happening. This might explain why Bryan was talking about bank failures. It was still fresh in their minds.
http://chronicle.com/temp/reprint.php?id=477k3d8mh2wmtpc4b6h07p4hy9z83x18
McCain must be excited to hear his old wax cylinder recordings again.
There's a purpose to having tags?
Give me Classic Slashdot or give me death!
Of course what they don't tell you is that most people just ripped the wax cylinders into an oral history form and passed it on that way via a peer to peer approach.
People complained that the problem with the P2P network was that you couldn't tell what was the original and what was either a bad copy or just some virus put in there by someone else to mislead people, but people in South Texas claimed it was the only way they could do it as the Wax cylinders were not available in their area due to them melting.
An Eye for an Eye will make the whole world blind - Gandhi
The problem is that the people who were supposed to oversee Fannie Mae are the same people that are now supporting a certain Democrat candidate for president, and it would not be beneficial for the media to expose those relationships to the public-at-large until after the election.
I don't understand how the Enron Trial is on the tip of everyone's tongue, but the media isn't calling to put these banking executive in jail for a fraud that is 10x worse!
Your argument seems to be that the government forced companies to take on loans from 'minorities and the poor'. You didn't quite work yourself into a froth about liberalism, affirmative action or whatever else you think is wrong with left but it seems like you were heading in that direction.
If you look at the people who are defaulting on mortgages it's not really minorities and the poor (I guess in your mind minority = poor?) but mostly middle class Americans who took out loans that they couldn't afford to pay back. Just look at where these defaulters live and you'll see that suburban middle class (white, black, hispanic, etc.) enclaves are most effected.
I won't disagree with you that some of this crisis has it's roots during the Clinton era or that the government is partially to blame. I'd blame the government for not regulating the lending industry enough rather then accusing them of forcing risky loans on companies. These companies, as well as the housing industry, wanted to take on these loans because they saw green and more importantly, other institutions wanted the securities these loans were wrapped up in because they thought it would make them money.
Please don't use this crisis as some sort of attack against the poor and/or minorities. It just makes you sound ignorant.
Really? Flash is pretty easy to use, too.
How easy? Can you use it with your eyes closed? For sake of argument, I'll allow you to have a braille display.
Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
The government may have adjusted the rules to try and give people loans to poorer people, but you cannot say the bank was forced to give them loans. There is a lot of process that goes into getting a loan which includes checks and balances on whom is supposed to get approved. The fact of the matter is that too many people had in an interest in pushing loans, good or bad, because they got an immediate payoff and they could pass a bad loan to someone else. Think of all the people who get a cut when you sell a house,
That's right, the bank got an immediate payoff for making the loan! Why? Because they turned around and sold the loan. Basically everyone could pass the buck onto someone else. Unless your were the final sucker who got caught holding the loan which ends up worthless. It was a game of hot-potato being played by financial experts who convinced themselves they knew better than someone else.
As for politcal activism, that is a load of crap. It came down to businesses wanted to do business anyway they like without any oversight, it was only a matter of time before someone came up with this Ponzi scheme. If people had to actually hold onto the loans that they made none of this stuff would have happened. But you would have had rich financial analyst's screaming "this not a free market!"
The CRA only applies to banks.
http://www.house.gov/apps/list/hearing/financialsvcs_dem/barr021308.pdf
The CRA is only at worst 50% responsible (an additional 30% of the subprime loans were made by "affiliates" of banks, and therefore partially covered by CRA, the remaining 20% of all loans were made directly by banks... and the worst case scenario is that the regulators were there twisting the banks' arms for every single loan). The other 50% of the mortgages were irrefutably made of the originators' free will.
Secondly, the CRA doesn't call for Option ARMs or interest-only loans or giving people money with zero down or piggybacking another mortgage for the down payment or liar loans... those are entirely the invention of the banks and mortgage companies that offered them.
If I have been able to see further than others, it is because I bought a pair of binoculars.
Like Phil Gramm, McCain's economic advisor, who calls people "whiners" if they think the economy is doing badly?
Heck, conservatives are most of the elite---Bush beat Kerry by huge margins among people making $200k+, even in states that Kerry otherwise won handily (he won 64-35% among that demographic in California). Rich liberals are a fairly small subset of overall rich people---even in California, conservative aerospace/defense industry, real-estate, and import/export businessmen far outnumber Hollywood actors and tech bosses.
10 PRINT CHR$(205.5+RND(1)); : GOTO 10