… up until fairly recently, the home mortgage market was the most conservative financial market out there. The market was not a big money maker because risks were very low and the money was steady. The home mortgage market was the realm of community banks who held the mortgages as assets for the life of the loan. It was the 3-6-3 lifestyle. Borrow from the financial markets at three percent, make home mortgages at six percent and hit the links at 3:00 PM. That all changed in the early 1990’s when Democrat policymakers passed the Community Reinvestment Act and then forced banks to make loans that were far more risky in areas that the banks, for good reasons traditionally stayed away from. Then through Fannie Mae and Freddie Mac the “policymakers” bundled the good and bad paper and sold it on the financial markets creating the current mess. What I don’t understand is how increased home ownership was supposed to increase rents.
Home ownership has been a policy of multiple administrations since WW2, as has suburbanization. There are a bunch of reasons for this. One big one was that the policymakers were, for a bunch of reasons, not fond of urban life. It was considered dirty, old fashioned and perhaps most importantly a big target. This was not a small consideration to people coming back from all those ruined cities overseas.
John C. Carlton, “Who ‘Stole’ The Country’s Wealth, The Rich, Or Government ‘Policy Makers?'”, The Arts Mechanical, 2015-10-16.
September 16, 2017
QotD: The US housing market
September 15, 2017
Attempted Military Coup in Russia – The Kornilov Affair I THE GREAT WAR Week 164
Published on 14 Sep 2017
The situation in Russia further escalates as Lavr Kornilov attempts to gain complete power with a military coup. The result is a disaster for him and thousands of armed Bolsheviks in the streets of Petrograd.
QotD: The sexist TV shows of the 1960s
Speaking of a different world, there was one big barrier to entry into [the original Star Trek]: its ladies. I’m still not quite sure how to deal with the way women were treated in the show. I’ve found that when watching many movies or shows from the ’60s and ’70s, it’s incredibly hard to relate the characters — not just because plot pacing was slower and diction was different than it is on TV today, but because I’m almost guaranteed to be disappointed by the way the story treats women. Generally, one just has to accept that there is going to be out-and-out sexism in a lot of old movies and TV, and you can either toss out the whole thing or watch it from afar like you’re in a museum, analyzing an ancient culture.
Megan Geuss, “I watched Star Trek: The Original Series in order; you can too, Or: Filling the gaps in your cultural knowledge is equal parts boring and fun”, Ars Technica, 2015-09-05.
September 14, 2017
Ken Burns and Lynn Novick: The Vietnam War Is the Key to Understanding America
Published on 13 Sep 2017
Nick Gillespie interviews Ken Burns and Lynn Novick about their new documentary series: The Vietnam War.
The Vietnam War led to more than 1.3 million deaths and it’s one of the most divisive, painful, and poorly understood episodes in American history.
Documentarians Ken Burns and Lynn Novick have spent the past decade making a film that aims to exhume the war’s buried history. Their 10-part series, which premieres on PBS next week, is a comprehensive look at the secrecy, disinformation, and spin surrounding Vietnam, and its lasting impact on two nations. The 18-hour film combines never-before-seen historical footage, with testimonies from nearly 80 witnesses, including soldiers on both sides of the conflict, leaders of the protest movement, and civilians from North and South Vietnam.
A two-time Academy Award winner, Burns is among the most celebrated documentary filmmakers of our time, best-known for the 1990 PBS miniseries The Civil War, which drew a television viewership of 40 million. He and Novick are longtime collaborators, and in 2011 she co-directed and produced Prohibition with Burns. In 2011, Reason’s Nick Gillespie interviewed Burns that film and the role of public television in underwriting his work.
With the release of The Vietnam War, Gillespie sat down with Burns and Novick to talk about the decade-long process of making their new film, and why understanding what happened in Vietnam is essential to interpreting American life today.
Produced by Todd Krainin. Cameras by Meredith Bragg, Mark McDaniel, and Krainin.
Full interview transcript available at http://bit.ly/2x0e5U4
What Is The Funniest Language? – Stephen Fry’s Planet Word – BBC
Published on 24 May 2015
Stephen Fry looks at what he thinks is the funniest language along with comedians Stewie Stone and Ari Teman. Taken from Fry’s Planet Word.
QotD: The 1970s economic mess
He then goes on to blather about the policies of the 1970’s. I lived through the 1970’s and what you need to understand was that the governing motive of policymakers then was panic. The “policymakers,” by and large Democrats, screwed up as badly as possible and just couldn’t get a grip on what [the problems] really were.
John C. Carlton, “Who ‘Stole’ The Country’s Wealth, The Rich, Or Government ‘Policy Makers?'”, The Arts Mechanical, 2015-10-16.
September 13, 2017
Adpocalypse Update – Out Of The Trenches Platform – Italy Trip I THE GREAT WAR
Published on 12 Sep 2017
Thank you to yukka.nl for the programming effort and support with the OOTT platform.
OOTT-Platform: https://outofthetrenches.thegreatwar.tv
September 18 – Meeting at Kobarid, Slovenia: http://bit.ly/Kobarid
September 19 – Meeting at Vittorio Veneto, Italy: http://bit.ly/VittorioVeneto
September 20 – Meeting at Lagazuoi: http://bit.ly/LagazuoiWW1
Merchandise (EU): https://shop.spreadshirt.net/thegreatwar/
Merchandise (US): https://shop.spreadshirt.com/thegreatwar/Flo has a few news to share with you concerning the YouTube “Adpocalypse” and more.
The Thirty Years War
Published on 10 Nov 2014
The Thirty Years’ War was fought from 1618-1648 (Thirty Years!) in the Holy Roman Empire. It began as a conflict between Catholics and Protestants in Bohemia, but grew to involve Denmark, Sweden, and France. After the French began helping Gustavus Adolphus, the Protestant king of Sweden, the lines became blurry and the war became more about the balance of power in Europe than about religion. The Peace of Westphalia paved the way for France to become the dominant power in Western Europe and for the permanent decline of the Holy Roman Empire as a political institution.
If you like this lecture, check out my other lectures for AP European History and Western Civilization!
September 12, 2017
Inside A British WW1 Airbase – Stow Maries Great War Aerodrome I THE GREAT WAR Special
Published on 11 Sep 2017
Visit Stow Maries Great War Aerodrome in Essex: http://www.stowmaries.org.uk/
The Royal Flying Corps and later the Royal Air Force maintained aerodromes and airfields around Great Britain for defence against German Zeppelin and Gotha Bomber raids. But would a WW1 aerodrome actually work?
Great Northern War – III: Young and Violent – Extra History
Published on 9 Sep 2017
Flush from his victories against Poland-Lithuania, Charles XII of Sweden sets his eyes on an even greater enemy: Russia. But its ruler, Peter the Great, is no pushover: as the Swedish troops advance, he burns down the countryside and leaves them starving and exposed as a ferocious winter sets in.
The River Thames: “London River” – 1941 Educational Documentary – WDTVLIVE42
Published on 31 Aug 2017
The River Thames, Key to London’s Importance as a Centre of Commerce and Government‘At Tilbury, near the mouth of the River Thames, liners from all over the world come into the landing stages, past long lines of barges and battalions of cranes. Higher up-river are the giant London docks, the busiest in the world, where the work of importing and exporting cargo us carried on unceasingly.
Westwards, up-river, are huge warehouses; cranes and smoking funnels line the banks. Approaching the City, ships pass beneath Tower Bridge, close to the imposing Tower of London. Nearby is the world of wharves and dockland offices, and directly linked to the river are London’s famous markets – Billingsgate for fish, Smithfield for meat and Covent Garden for fruit, vegetables and flowers. Here, too, is the world of finance – “the richest square mile in the world” – with the Stock Exchange, the Bank of England, and important banking and business houses known throughout the world. Further up-river is County Hall, magnificent headquarters of the London County Council; and on the left bank is the historic City of Westminster, home of the Empire’s government; lining Whitehall are big Government departments and, nearby, Westminster Abbey; and on the water’s edge, the Houses of Parliament with their elaborate and beautiful architecture. Beyond Westminster the character of the river is changed yet again, and giant Power Stations give way to residential houses, roads to gardens. Beyond Richmond, with its willow-lined banks, are the Tudor chimneys and turrets of Hampton Court; higher still is Windsor and its Castle, the home of the King.
As evening falls there is peace on the river at Windsor, but at the mouth of the Thames activity goes on into the night. There is no sleep for the greatest port in the world.’
(Films of Britain – British Council Film Department Catalogue – 1940)
September 10, 2017
British Malaya – US Equipment – Boobytraps I OUT OF THE TRENCHES
Published on 9 Sep 2017
It’s time for another exciting episode of Out Of The Trenches again, this episode talks about British Malaya in WW1, the French and British equipment the US troops used and traps.
Special Air Service (SAS) – The Falklands Campaign
Published on 13 Jul 2016
Special Air Service (SAS) – The Falklands Conflict
When Argentina invaded the Falklands in April, 1982, Britain dispatched a large Naval Task Force to recapture the Falklands. Steaming south with the British fleet were D and G Squadron of the SAS, with supporting signals units.
In search of silphium, the lost herb of the Roman empire
Zaria Gorvett recounts the story of a Roman-era herb that was at one point literally worth its weight in gold:
Long ago, in the ancient city of Cyrene, there was a herb called silphium. It didn’t look like much – with stout roots, stumpy leaves and bunches of small yellow flowers – but it oozed with an odiferous sap that was so delicious and useful, the plant was eventually worth its weight in gold.
To list its uses would be an endless task. Its crunchable stalks were roasted, sauteed or boiled and eaten as a vegetable. Its roots were eaten fresh, dipped in vinegar. It was an excellent preservative for lentils and when it was fed to sheep, their flesh became delectably tender.
Perfume was coaxed from its delicate blooms, while its sap was dried and grated liberally over dishes from brains to braised flamingo. Known as “laser”, the condiment was as fundamental to Roman haute cuisine as eating your food horizontally in a toga.
[…]
Indeed, the Romans loved it so much, they referenced their darling herb in poems and songs, and wrote it into great works of literature. For centuries, local kings held a monopoly on the plant, which made the city of Cyrene, at modern Shahhat, Libya, the richest in Africa. Before they gave it away to the Romans, the Greek inhabitants even put it on their money. Julius Caesar went so far as to store a cache (1,500lbs or 680kg) in the official treasury.A coin of Cyrene depicting the stalk of a Silphium plant. (Source: 1889 edition of Principal Coins of the Ancients, plate 35, via Wikimedia)
But today, silphium has vanished – possibly just from the region, possibly from our planet altogether. Pliny wrote that within his lifetime, only a single stalk was discovered. It was plucked and sent to the emperor Nero as a curiosity sometime around 54-68AD.
With just a handful of stylised images and the accounts of ancient naturalists to go on, the true identity of the Romans’ favourite herb is a mystery. Some think it was driven to extinction, others that it’s still hiding in plain sight as a Mediterranean weed. How did this happen? And could we bring it back?
Barbarossa: Why such high Soviet Losses? – Explained
Published on 20 Jun 2017
The Red Army suffered heavy losses during Operation Barbarossa, but it also inflicted heavy losses on the Wehrmacht. This means it was not just some helpless giant, but it also begs the questions, why were the losses so high? This video discusses several factors and refers heavily to current academic research namely from Alexander Hill and David Stahel.
Military History Visualized provides a series of short narrative and visual presentations like documentaries based on academic literature or sometimes primary sources. Videos are intended as introduction to military history, but also contain a lot of details for history buffs. Since the aim is to keep the episodes short and comprehensive some details are often cut.
