#ben strong

[joaquimblog]

EL MET AL CINEMA: ANDREA CHÉNIER (BECZALA-YONCHEVA-GOLOVATENKO:JOËL-RUSTIONI)

Andrea Chénier MET 2025. Producció de Nicholas Joël. El dissabte passat la temporada del MET al cinema ens oferia la darrera representació d’Andrea Chénier que s’ha programat aquesta temporada amb l’al·licient del debut en el rol principal del tenor Piotr Beczala. Producció estrenada l’any 1996 deguda a Nicholas Joël i ben segur que de gran repercussió per a les tietes de Manhattan, amb una…

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[freepeoplethoughts-blog]

Simple Overview of the Great Depression

Recently I made a blog post where I shared several articles to help dispute characterization sod the free market in history. I figured I'd post a very simplified timeline of the Great Depression. step 1 - Andrew Mellon who is the treasury secretary advocates tax and spending cuts under Warren Harding and Calvin Coolidge freeing up capital the of colony begins growing (keep in mind in 1920-1921 there was a deep recession but with very little government intervention the economy was rebounding a year later)​ step 2 - Fed Chairman Ben Strong in the mid 20's begins to increase the money supply and cut interest rates creating an artificial increase in credit. step 3 - companies which are already doing well issue stock then use the money to buy foreign bonds (lending money abroad so they can keep buying stuff from the U.S.) the return on these bonds make the companies look more profitable than they are and traders begin using the credit created by Fed chairman Ben Strong to speculate and the stock prices went up beyond the actual real profitability of these companies. Step 4 - eventually in 1929 valuations hit their ceiling and prices begin to fall, this forces margin calls (people having to sell to pay their loans since their stocks are falling) which causes prices to fall even further. The market crashes Step 5 - the economy finds it hard to recover as Herbert Hoover signs the Smoot Hawley tariff which taxes many foreign goods but many countries then do the same In retaliation, hurting trade further weakening the economy. step 6 - US policy influenced by economist Irving Fisher (who failed to predict the crash and lost almost everything cause of it) focuses on policies to prevent the fall of asset prices (which were overvalued... Duh) slowing down the ability for economy to discover what the true value of these assets are so they can be sold and the economy can again move forward Step 7 - Herbert Hoover raises taxes to 62% in 1932 Step 8​ - FDR becomes president raises taxes to the 90s and continues to fight asset price deflation dragging out the liquidation even further. step 9 - While GDP and Umeployment improve during World War II (building tanks and drafting soldiers will do that) It's not till post WWII tax and spending cuts does private investment and quality of life truly begin to improve

[ellesmea]

 #BENSTRONG FUND RAISING

While in a school trip in France (an exchange between my high school, and Marblehead’s high school), Ben Farrar went to the beach with his classmates and French penpals. He wanted to jump into water, but didn’t know he jumped into shallow water, so he hit the ground and broke a vertebrae. For now, he’s paralyzed. It’s been a month since the accident.

He’s still in a French hospital until he gets better so he can return in a hospital in Boston and continue his treatment. But this is pricey, so his family created a GoFundMe page. Please follow the link so you can read a bit more about the situation.

Also please reblog and/or donate.

Here is his facebook page so you can follow his recovery, and a website if you need some more information.