Month: October 2011

We’re the 99% (except Bruce Wayne).


Although, let’s be honest: Rorschach is more like the original Tea Partier, no? Anyway, it’s not just Calvin. By way of Mary Sue, comic book characters weigh in on Occupy Wall Street. Speaking for the 1%: Lex Luthor, Uncle Scrooge, Victor Von Doom, and, my evening alter-ego these days, Bruce Wayne…but he’s cool.

Just a Bunch of Guys.


‘”The Guy Fawkes mask has now become a common brand and a convenient placard to use in protest against tyranny – and I’m happy with people using it, it seems quite unique, an icon of popular culture being used this way.“

People should not be afraid of their governments…Speaking of Alan Moore iconography and #OWS, BBC News surveys the subversive popularity of the V for Vendetta Guy Fawkes mask. “[Vendetta artist David] Lloyd says he has already heard anecdotes about police in the US searching for the masks in people’s houses to be used as evidence of involvement with Anonymous hacker attacks, ‘which is scary but also ridiculous – you wouldn’t prosecute someone for having a t-shirt with Che or CND on it.’” (via LinkMachineGo.)

Decades of Divergence.


“In its report, the budget office found that from 1979 to 2007, average inflation-adjusted after-tax income grew by 275 percent for the 1 percent of the population with the highest income…By contrast, the budget office said, for the poorest fifth of the population, average real after-tax household income rose 18 percent. And for the three-fifths of people in the middle of the income scale, the growth in such household income was just under 40 percent.“

A brand-spankin’ new CBO report concludes what we all already know: Income inequality has surged since 1981, and government, post-Reagan, has consistently failed to address the problem. “‘The equalizing effect of federal taxes was smaller’ in 2007 than in 1979, as ‘the composition of federal revenues shifted away from progressive income taxes to less-progressive payroll taxes,’ the budget office said.” But, hey, let’s sweat that deficit.

Bailout 2: BoA Boogaloo.


“This move reflects either criminal incompetence or abject corruption by the Fed. Even though I’ve expressed my doubts as to whether Dodd Frank resolutions will work, dumping derivatives into depositaries pretty much guarantees a Dodd Frank resolution will fail.“

Along the same lines, Naked Capitalism‘s Yves Smith responds to the disclosure that repeat offender Bank of America is trying — with the Fed’s help — to foist their more toxic assets into FDIC-backed accounts (meaning that taxpayers will eat the losses.) “[T]his move amounts to a direct transfer from derivatives counterparties of Merrill to the taxpayer, via the FDIC, which would have to make depositors whole after derivatives counterparties grabbed collateral.“

Continues Smith: “The FDIC is understandably ripshit…Bill Black said that the Bloomberg editors toned down his remarks considerably. He said, ‘Any competent regulator would respond: ‘No, Hell NO!’ It’s time that the public also say no, and loudly, to yet another route for running a drip feed from taxpayers to banksters.‘” (Cartoon via here.)

The Audacity of Sheeeee…


“Prometheus Bound. An ancient play, one of the oldest we have. About a simple man who was horrifically punished by the powers that be for the terrible crime of trying to bring light to the common people. In the words of…Ascyllius, ‘No good deed goes unpunished.’ I cannot tell you how much consolation I find in these slim pages.”

From a DCist story on Mayor Vince Gray’s recent woes, a Fairey-esque tribute to Maryland State Senator R. Clayton Davis of The Wire. I laughed.

After Sunset.


“You just start with what the feeling is. For this one the feeling definitely started with the handmade aesthetic and charm of Olympia’s work. Instantly I had the idea of doing it in a bookstore after-hours, imagining the lights coming down and these guys off their books…It evolved naturally and it all just started with the feeling.“

Director Spike Jonze crafts a stop-motion Parisian love story, Mourir Aupres de Toi, with handbag designer Olympia LeTan. (Fret not: It’s ever-so-slightly less twee than Where the Wild Things Are.)

Still Money in the Banana Stand.


“It’s true. We will do 10 episodes and the movie. Probably shoot them all together next summer for a release in early ’13. VERY excited!” Never mind Harold Camping getting it wrong…again: The biggest news of October 2011, as everyone knows, was official word that Arrested Development is returning for 10 episodes and a movie, due out in 2013. Apparently, Michael Cera finally needed some quick cash. (I kid, I kid. Says show creator Mitch Hurwitz: “‘I thought it would be funny [to put that out there]… but it really turned ugly. For those of you have been following this saga, Michael’s been great and he’s always been game.“)