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Mediaspace
For the first time Wand 5 e.V. was announcing an open competition to select the media-space 09 curatorteam. There were no limitations on the means of implementation. The purpose of this open competition was to establish a new experimental space - an >open space< in which artists can perform. (>> more) -
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The Meltdown
Al Jazeera English has started a very interesting and insightful series on the meltdown of the financial markets which started in 2007 - calling it themselves a four-part investigation into a world of greed and recklessness that led to financial collapse. .. worth watching!
In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne.
The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929.
But how did it all go so wrong?
Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place.
Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced ‘light touch regulation’ - giving bankers a free hand in the marketplace.
All this, and with key players making the wrong financial decisions, saw the world’s biggest financial collapse. (link)
All the Devils are here
Sorry, I basically don’t know why the embed link from The Daily show site does not work - please follow this link:
Daily Show with Jon Stewart: Exclusive - Bethany McLean & Joe Nocera Extended Interview
In this complete, unedited interview, Bethany McLean and Joe Nocera say Wall Street is already onto the next thing that will blow up the financial system.
The Stock is Rising
Though this project and blog is over and generally closed since quite a while, I would like to mention this latest project and development to overcome the financial crisis, which was at its peak when we first started this blog and became our core theme.
Taking place in Frankfurt a. Main today:
The Stock Is Rising! Join the crusade and help us levitate the Old Frankfurt Stock Exchange to drive out evil spirits.
On September 21st, 2010, between 15:00 and 17:35 (3 PM and 5.35 PM), you can take part in the live event in front of the building at Börsenplatz in downtown Frankfurt.
Or you can contribute in front of your computer through our communal online-meditation - starting now.
Today is the day !!!!
see for mediaspace_09 details >>>>> Mediaspace WIKI
see general Filmwinter Program >>>>> 22. Stuttgarter Filmwinter
see mediaspace_09 Program >>>>> mediaspace_09
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in Debt We Trust
So finally some full length film link to watch according to these day’s main theme:
In Debt We Trust discusses the massive debt burden that millions of Americans are struggling with and a presents a forecast of the fiscal crisis that faces our country when the ballooning national debt comes due. Inspired by Robert Manning’s book Credit Card Nation, the film showcases Manning’s insights about the impact of debt on young people and our society. […] In Debt We Trust explains how the mall replaced the factory as America’s dominant economic engine and how big banks and credit card companies are lobbying congress and driving individuals into ever greater debt (excerpt via American Sociological Association) ….
IN DEBT WE TRUST is the latest film from Danny Schechter, “The News Dissector,” director of the internationally distributed and award-winning WMD (Weapons of Mass Deception), an expose of the media’s role in the Iraq War. The Emmy-winning former ABC News and CNN producer’s new hard-hitting documentary investigates why so many Americans are being strangled by debt. It is a journalistic confrontation with what former Reagan advisor Kevin Phillips calls “Financialization”–the “powerful emergence of a debt-and-credit industrial complex.” >>> read on
film website / watch the entire film on video.google here.
Democracy now takes a look onto the subject and film here .. and a german review here.
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The Ascent of Money:
A Financial History of the World
“The Ascent of Money: A Financial History of the World,” is the recent book by Niall Ferguson, which as the NYTimes writes in its review anticipates many aspects of the current financial crisis, which has toppled banks, precipitated gigantic government bailouts and upended global markets.
The book just recently has also been turned into a series for UK’s channel 4 and despite what one might criticize, the episode I have seen so far, has given me real interesting insights. Channel 4 still airs the episodes at the moment and also provides a whole page on the subject … but if you want to enjoy the information itself and dont’t want to read the book … also the elder episodes are findable online ..
.. and here is an extensive interview from youtube with the author:
Selection Media-Space Art-Space
For our exhibition during the 22nd Stuttgart Filmwinter we finished our selection and invited several artists. Have a look at the selection page.
The Dark Bailout
What was: Capital (It Fails Us Now)
Gang Of Four / Capital (It Fails Us Now)
The moment I was born I opened my eyes
I reached out for my credit card
I know I never did my own suit
Capital it fails us now come and let us seize the time x2
On the first day of my life I opened my eyes
Guess where with superstars surrounded by luxury-eagers
I need a prison I need a hot fire
No credit no goods
Come on back I say
They say we’re bankrupt
Capital it fails us now come and let us seize the time x2
Capital it fails us now…
Oh no! I left it in my other suit!
One day all will be living on credit
Bankrupt
I’m still in credit—just
One day all men are living on credit…
.. and a 2005 / 2006 show in Tallinn and Oslo, which used that same title:
Capital (It Fails Us Now)
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