Dawny Lwów Zdjęcia

Photo exhibition "Diego Curutchet family"


Untitled Series, deep, mixed media.



Dance Monocopia.


I
ephemeral events, Monocopia.


lying
Crease, Collagraph.



Events ephemeral II, Monocopia.



Untitled, Mixed media.



Pachamamita, Monocopia.

White Thongs Streaming

Liberalism crisis 1929, Neoliberalism, 2009, the same thing?

By Elliot V. Bell The following text of the New York Times reconstructs, hour by hour,

Nefasto day.

Bell was a pioneer of financial journalism when the stock market collapsed in 1929, belonged to the staff of the New York Times.

"The day was cloudy and cold. A light northwest wind blew through the narrow streets of Wall Street and the temperature at which bankers and brokers who are going to work on their coats were adjusted to the body. Shareholders, meeting halls stockbrokers, were nervous but hopeful that measures 10. Opening time is approaching. The general feeling was that the worst was over and many speculators who had sold everything prudently be congratulated for buying back its shares at a price much cheaper. Rarely the small seller had better advice for guidance.

faithful Market opened with prices similar to the previous day, despite some rather large blocks of 20,000 and 25,000 shares that came at the beginning. During the first half hour and then easily loosened around eleven, was unleashed the flood. Came with a speed and ferocity that left them stunned. The floor just collapsed and I am off the market. Across the country a torrent sales orders to get the local Bag and no purchase orders to balance them. The contributions of major items such as steel, telephones and Anaconda began to fall two, three, five and ten points between sales.
actions became less important non-tradable. In a few moments the ticker service had sunk without hope and nobody really knew what he was thinking. At one and a half the score was delayed nearly two hours, at half past two took 147 minutes late. The last quote was not printed on the tape until 19:08, four hours, eight minutes and a half after closing. Meanwhile, Wall Street had lived an incredible nightmare.

In the strange way that spread the news of a disaster, the term market collapse ran through the city. At noon, crowds had gathered at the corner Broad and Wall Street, where the bag faces in a corner, Morgan `s. On the steps of the Treasury building, opposite Morgan's, a crowd of photographers took up positions. The traffic was blocked off the streets of the metropolitan district.
was in this terrible scene where the leading bankers ran into Morgan `s quick to join in an effort to save the day. Shortly after noon, Mr Mitchell left National City Bank and headed west from Wall Street to Morgan s. As I enter was Albert H. Wiggin downhill fast from the Chase National Bank, one block north. Hot on the heels came William C. Potter, president of Guaranty Trust, followed by Stewart Prosser of the Bankers Trust. Later GeorgeF.Baker Jr of First National, joined the group. Too late



The news of the meeting of the Bankers ran through the streets and get to the room prices. Stocks started to arrive, but for many it was too late. Thousands of vendors, large and small, were excited for the hour between eleven and twelve. But confidence in political leaders and the country's financial and faith in the soundness of the economic conditions were a crushing blow. The Panic was installed. In Morgan's

directors of six banks formed a consortium, committing a total of $ 240 million or 40 million each, for a''cushion''of purchasing power behind the market dropped. In addition, other financial institutions, including James Speyer and Company and the Guggenheim Brothers, Morgan's sent unsolicited offers of funding and added nearly 100 million dollars. It was only the first instance of a merger of Bankers in actions but by far the largest concentration of buying power merged ever made in the stock market, but before the panic was woefully inadequate. After meeting
Bankers Thomas W. Lamont, Morgan partner 's out to the crowd of journalists who were gathered at the entrance of the bank. In a statement that has since become a classic Wall Street pointed out, "It seems that there has been conflict in the market selling" air pockets.

was at that same meeting that Tw''''financial community gave a new phrase,''air pockets''to describe the condition of the actions for which there were no bids, but only frantic bids.
After the meeting, Lamont crossed Broad Street to the bag to meet with their managers. They had been called quietly during trading hours and met in the rooms of Clearing Corporation Shares to thus avoid attracting attention. Lamont
sat in the corner of a desk and speak about the merger. Then he added,''Gentlemen, no man or group of men who can buy all the shares that the American public has to sell.'' Today seems like a very obvious statement, but it sounded terrible directors meeting held there. Meant that the most astute member of the most powerful banking house the country was saying simply that the resources collected from Wall Street, mobilized on a scale never attempted before could not stop the panic.

In fact, the merger of Bankers is a sad fiasco. Without it, no doubt Bag had been forced to close because it actually provided important when bidding for shares due to the panic and confusion in the market, there were no proposals available. Achieving a small profit but did not have the slightest chance of determining the flood of sales that fell from around the country. The market had become too big. The days that followed, in retrospect, few clear, Wall Street became in a nightmarish spectacle.

The animal roar that rises from the floor of the bag, that active days easily heard from the street, became anxious, terrifying. The streets were filled with a crowd at the small speculators were mixed dying walking aimlessly because they fear facing blackboards and employee; sellers exhausted, morbidly compelled to visit the scene of ruin and curious individuals seeking tourists looking outside Bag and major banks, getting a closer view of the national disaster; corridors that opened frantically through the crowd of idle and curious, in an effort to ship a record volume of bonds was being marketed in Bag.

markers sank hopeless, and became completely insignificant. Late at night, often all night, lights shining in the windows of the tall office buildings where employees and accountants were struggling with the desperate task of trying to leave the clear account of a business day before the start of the next. Fainted at their desks, the dejected riders fell exhausted on the marble floors of banks and slept there. But in a few months have much time to rest. By then thousands of them be unemployed.

Source (s):

http://www.1y2gm.com/aspectos-generales- ...