In our complete avoidance of what is being offered in the way of American-produced broadcast and cable TV series, the Daughter Unit and I are ransacking the various streaming services for serial diversion of an evening: series old and new, new to us, or perhaps something old, something that we vaguely recall watching a good while ago and thought that it was worth another round. Last week our choice hit on the 1979 series Danger UXB which came out the year before my daughter was born and featured a practically teen-aged-appearing Anthony Andrews. (Although he was nearly thirty at the time and seemed to be almost ubiquitous in those British TV series which appeared on Masterpiece Theater in that era. The Daughter Unit loved the 1982 version of the Scarlet Pimpernel, where he co-starred with Jane Seymour. She practically wore my copy of that series on videotape to bits.)
Personal Narrative
Any Updates on 3 D Printing ?
There have been a couple of discussions of 3D printing in the past.
Mr. Hornick has a video, entitled “3D Printing State of the Art: Industrial” from May of 2015 which gets into detail about the current state of the art in 3D printing. It is a good primer if you are interested in the field. His deep knowledge as well as his enthusiasm make for a compelling presentation of a highly technical subject.
I’m getting interested in 3 D printing of Radio Controlled Airplane models.
That has an almost 5 foot wing spread.
Just wondering about the sort of 3D printer that would be required.
Divorcing Hollywood
I used to like going to the movies. When I was growing up, going to the movies was an occasional treat. In the very early days, it was the drive-in movie double-feature. Likely this was because it was cheap, and Dad was a grad student with a family, and on a tight budget: JP and I in our pjs, with bedding and our pillows in the venerable 1952 Plymouth station wagon, the back seat folded down, and falling asleep almost as the titles for the second feature rolled; Charlton Heston as El Cid, seen dimly through the windshield of the Plymouth, between Mom and Dad’s heads, and the rearview mirror. Sean Connery as James Bond, bedding another of an enthusiastic series of chance-encountered and spectacularly-endowed women, and me thinking, as I dozed off, “Oh, that’s nice she hasn’t got a hotel room, and he’s sharing his …”
Yeah, I was six or seven years old. That’s what it looked like to me, curling up in the back of the station wagon, as my parents finagled their own low-budget date night. Later on, it would be a Disney movie in one of the splendid, then-sadly-faded old picture palaces in Pasadena; the Alhambra, the Rialto, or the Academy, accompanied by Granny Jessie this after much discussion of which movies appropriate for grade-school age children were available at a matinee showing. This would be one of only one or two movies we saw in a theater for the entire year, so we would choose very carefully, indeed. I think Granny Jessie was grateful when we were able to appreciate somewhat more mature fare, such as It’s a Mad, Mad, Mad World, The Russians are Coming, The Russians are Coming, and What Did You Do in the War, Daddy.
The Revenge of John McCain.
John McCain Was elected to Congress in 1982 and elected to the Senate in 1986 taking the seat previously held by Barry Goldwater. In 1989, he was involved in the “Keating Five Scandal.
The five senators—Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan)—were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., Chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB). The FHLBB subsequently backed off taking action against Lincoln.
The late 1980s were the era of the Savings and Loan scandals.
The Federal Home Loan Bank Act of 1932 created the S&L system to promote homeownership for the working class. The S&Ls paid lower-than-average interest rates on deposits. In return, they offered lower-than-average mortgage rates. S&Ls couldn’t lend money for commercial real estate, business expansion, or education. They didn’t even provide checking accounts.
In 1934, Congress created the FSLIC to insure the S&L deposits. It provided the same protection that the Federal Deposit Insurance Corporation does for commercial banks. By 1980, the FSLIC insured 4,000 S&Ls with total assets of $604 billion. State-sponsored insurance programs insured 590 S&Ls with assets of $12.2 billion.
Inflation in the late 1970s and early 1980s led to pressure on Savings and Loan institutions that had been lending money at 6% to home buyers but savers were demanding higher interest rates to compensate for inflation. The S&Ls were caught in the “Borrow high and Lend low” vise that led to their demise.
My review of Nicole Gelinas’ book on the 2008 economic crisis includes some discussion of the 1986 problems.
The story of the 2008 collapse begins in 1984 with the rescue of the Continental Illinois Bank. Here began the “too big to fail” story. Two things happened here that led to the crisis. One was the decision to bail out all depositors, including those whose deposits exceeded the FDIC maximum. Secondly, the FDIC guaranteed the bond holders, as well. Thus began the problem of moral hazard. Another feature of this story was the role of Penn Square Bank, which had gone under two years earlier in the wake of the oil price collapse, which devastated many of its poorly collateralized loans in the oil industry. Both banks had been caught seeking higher returns through risky investments. Penn Square, however, had been allowed to collapse. Continental was rescued and that began a trend that the author lays out in detail through most of the rest of the book.
The 1986 crisis and the 1989 scandal affected McCain deeply. He was a freshman Senator and was probably included in the group for two reasons. First he was the only Republican and Second, Keating, a Phoenix developer, was a constituent. McCain was humiliated and his ego was as big as all outdoors.
His reaction to his humiliation was once of the worst pieces of legislation in the 20th century, The McCain-Feingold Act.
In 1995, Senators John McCain (R-AZ) and Russ Feingold (D-WI) jointly published an op-ed calling for campaign finance reform, and began working on their own bill. In 1998, the Senate voted on the bill, but the bill failed to meet the 60 vote threshold to defeat a filibuster. All 45 Senate Democrats and 6 Senate Republicans voted to invoke cloture, but the remaining 49 Republicans voted against invoking cloture. This effectively killed the bill for the remainder of the 105th Congress.
McCain, still in his “Maverick mode and still running on ego, persisted.
Watching the Major Media Meltdown
I’ll confess to always having had a bit of cynicism about the professional national media orgs; this dating from my several turns in military public affairs and being one of those in-house media entertainment/news providers for the military broadcasting system. From the latter experience, I learned just how the sausage-news is created, expeditiously and on-schedule for the daily-dish-up. The former served up endless stories of media personalities acting badly from peers who had been there when they happened; checkbook offers for tips, tantrums on the flight-line as the media flight was about to depart, disgustingly snobbish behavior towards military media-relations staff … yep, darned few modern-day embedded reporters earned anything like the affection and respect earned by Ernie Pyle during WWII. Those who flew in to cover Gulf War I did not manage to conceal a tone of gratification and happy surprise in their coverage upon observing that the troops in that war were neat, polite, professional; the very farthest from the bunch of murderous, drug-addled psychotics which the aftermath of the Vietnam War had obviously led them to expect. And yes, we all noticed this at the time.
(Pro tip when it comes to producing local news? The calendar is your friend. A good half of your stories are ruled by the predictable. A significant or insignificant holiday a story or two or three predicated on that holiday. The bigger the holiday, the more stories which can be milked out of it. Significant local event a scheduled road closure, or a grand opening? Oh, yeah another couple of stories to fill the required minutes in the regular broadcast. Even something semi-scheduled, like a rain/hurricane season? At least a story or two about preparations… And so it goes.)
Back to my main point mainstream national news media: I presume that someone still watches CNN.