Terry Elliott’s Newsletter
Sun, Apr 23
I love the smell of collapse in the morning.
Not a bad attitude, just clear aptitude. I see the wave rising, curling, and………….BTW, why do they call these things bubbles? Is it because the economic system has little going for it structurally except the surface tension of belief? Yup.
‘The Retail Bubble Has Now Burst’: A Record 8,640 Stores Are Closing In 2017
Zero Hedge – Apr 22, 4:50 PM
“Thousands of new doors opened and rents soared. This created a bubble, and like housing, that bubble has now burst.” Richard Hayne, Urban Outfitters CEO, March 2017 The devastation in the US retail sector is accelerating in 2017,”
Comment: ‘[E]stimates that there could be more than 8,640 store closings this year, which will be higher than the historical 2008 peak of approximately 6,200 store closings’ Had to happen sooner or later. Even the shitty jobs are going away. Zombie retail space
John Deere just told the copyright office that only corporations can own property, humans can only license it
Boing Boing – Cory Doctorow – Apr 22, 6:22 AM
John Deere has turned itself into the poster-child for the DMCA, fighting farmers who say they want to fix their own tractors and access their data by saying that doing so violates the 1998 law’s prohibition on bypassing copyright locks. Deere’s…
Comment: Just like only corporations can go bankrupt, but students can’t. Corporations are people, students are not. Res ipse loquitur (Latin for “the thing speaks for itself”) This argument needs to stamped out with size 20 boots and then incinerated. DNA next?
Spying on Students: School-Issued Devices and Student Privacy
eff.org – Apr 13, 7:33 AM
Students and their families are backed into a corner. As students across the United States are handed school-issued laptops and signed up for educational cloud services, the way the educational system treats the privacy of students is undergoing…
Comment: We teachers are playing Chopin in the Hindenburg Lounge. The hydrogen is leaking and lightning is in the air. Let’s start collecting student DNA for the coming identity chips. Maybe DeVos Schools can make a few bucks selling that info to Silicon Valley?
The Student Debt Crisis Is Exploding
truth-out.org – Kevin Zeese – Apr 22
Nothing Less Than a Student Debt Jubilee Will Do The level of student loan debt in the United States has risen to $1.5 trillion, and defaults are at more than 40% of debtors and rising. Student loan debt has grown to overwhelm all other categories…
Comment: What happens when the retail bubble and the student loan bubble meet? Magnitudes of complexity, that’s what. Or as Lady Macbeth would have it, that future is murky. For all the kool kidz out there that means not good.
Tay Zonday talks ‘Chocolate Rain’ on its 10th anniversary
popj.ca – Giselle Melanson Tattrie – Apr 17
April 22, 2007.
It was a landmark day for YouTube as University of Minnesota graduate student, Adam Bahner — going by the moniker “Tay Zonday” — decided to upload an original music video titled “Chocolate Rain…”
Comment: Oh ‘Chocolate Rain’ man, where art thou? He is interviewed here and has some pretty profound things to say about Internet property, music online and the train wreck that is modern journalism. Profundity ratio: 91/100
SCOTT GALLOWAY: Investing in Snap is something ‘no one responsible should ever do
Business Insider – Apr 18, 4:44 PM
Scott Galloway is a marketing professor at the NYU Stern School of Business and the founder of business intelligence firm L2. Galloway stopped by Business Insider to talk about the biggest names in tech. In this clip he talks about why he thinks…
Comment: If this is true, then this Zuckerberg dude IS the embodiment of evil AND modern stock valuations are untethered null fields, the ultimate sinkhole for stupid capital. Oh boy. Rollercoasters. Hell ride. No seat belts in the loop-the-loop.
https://www.youtube.com/watch?v=ME9XpnQiU-8 And I heard as it were the noise of thunder One of the four beasts saying come and see and I saw And behold a white horse There’s a man going around taking names And he decides who to free and who to blame Everybody won’t be treated all the same There’ll be a golden ladder reaching down When the Man comes around The hairs on your arm will stand up At the terror in each sip and in each sup Will you partake of that last offered cup?
another pretty wailin’ jennys’ song.