Recession !!!!Any language you say it, it means doom. "Ides" is the 15th of the month, as in the day Caesar was assasinated in 44 BC, the term has come to be used as a metaphor for impending doom. This story has the drama and the look of a curse upon it. Bear Stearns, see also: http://www.urbandictionary.com/define.php?term=bear+stearned Urban Dictionary.
"March 15 - a weekend - JP Morgan and the Federal Reserve Bank Board stepped in to rescue an 85 year old Bear Stearns Wall Street Investment bank. A company that was valued at $20,077 million last year, was bought for a mere $2,362 million on that beleagured weekend just past, JP Morgan was the buyer at $2 per share, 98% less than what it is worth."
"The Federal Reserve has agreed to put $30 billion in the deal." (Mark, Roy & Perelman. eweek, March 24, 2008; paraphrased pp 33-4.)
"Well tweedle dee, tweedle dum, look out baby 'cause here I come. (Rare Earth. Get Ready) Here is Dusty Springfield, because when I feel the doom I play this tune:
Buy Low Sell High: the article goes on to say: "On March 5, 2008 the Federal Reserve put out a report that found economic growth to be sluggish in 2/3 of the 12 districts it surveys... rising food, energy, and materiels costs utting pressure on growth ans slowing hiring..."(eweek; March 24, 2008, pp34).
"It is certainly a buying opportunity for strategic investors," [said Ward Carter, president of mergers and acquisitions advisory company Corum Group], "After all, you want to buy at the bottom, not the top."
Well Duh! Man, we were a bunch of Freaks in 1973! The year I graduated HighSchool:
--AND--
On this Day March 15, 1973:
by Charlie Crane, Thorofare, NJ
Pink Floyd, Spectrum, March 15, 1973
Pink Floyd had been touring for over a year doing the Dark Side of the Moon line-up of songs — although they hadn’t released the album yet. Everywhere they played, it seemed a bootleg of the concert was released. The album would be released on March, 24th 1973 — but at that time it was still somewhat of an unknown for many. The program called the concert “Eclipse - a Piece for Assorted Lunatics,” as it had been called for about a year of live shows. But it was song-for-song and word-for-word Dark Side of the Moon.
PF came out without much fanfare and proceeded to perform the entire album uninterrupted by breaks for applause. It was awesome. They just played it straight through. Back then they hadn’t developed the elaborate special effects such as remote-control planes, flying brass beds, mirror balls, laser-beams, larger-than-life projections and red eyed floating pigs. The effects were limited to carbon dioxide “smoke” illuminated by mostly pink and green floodlights. There was a large gong that they used for their encore numbers, but it broke loose from its mountings when struck and the roadies had to do a quick repair. It was worth the wait, as they played “Set the Controls for the Center of the Sun” and set fire to the kerosene-soaked rim of the gong. The flickering flames dwindling down as the long epoch song slowly ended seemed to weave a magic spell and draw everyone into the gong — as if it had become the sun.
Before the show, almost everyone made paper airplanes out of their program and sailed them around the Spectrum waiting for the concert to begin. I kept mine as a souvenir and still have it — a testament to this piece of music history. http://xponentialmusic.org/blogs/885mmmm/2007/09/06/pink-floyd-spectrum-march-15-1973-dark-side-of-the-moon/
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