Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Arcanaut
novahockey
quarterback
ScottC
yellojktI thought this was sad. Our oldest daughter is a photographer and while she specializes in digital, who doesn’t, her first love was the darkroom and film. (Reuters) –
Eastman Kodak Co, which invented the hand-held camera and helped bring the world the first pictures from the moon, has filed for bankruptcy protection, capping a prolonged plunge for one of America’s best-known companies.The more than 130-year-old photographic film pioneer, which had tried to restructure to become a seller of consumer products like cameras, said it had also obtained a $950 million, 18-month credit facility from Citigroup to keep it going.The loan and bankruptcy protection from U.S. trade creditors may give Kodak the time it needs to find buyers for some of its 1,100 digital patents, the key to its remaining value, and to reshape its business while continuing to pay its 17,000 workers.”The board of directors and the entire senior management team unanimously believe that this is a necessary step and the right thing to do for the future of Kodak,” Chairman and Chief Executive Antonio Perez said in a statement.
I really don’t have the economic experience or knowledge to interpret this data, but here it is.U.S. stock index futures pointed to a lower open on Wall Street on Thursday ahead of key earnings from Bank of America and Morgan Stanley. Housing starts, weekly jobless claims and CPI data are all due at 08:30 am, while the Philadelphia Fed Business activity index is due at 10:00 am. Note to ATiM contributors: These would be useful updates as reported.In company news, Morgan Stanley’s head of European oil research predicts BP will likely agree to pay the U.S. Department of Justice $20-$25 billion next month to settle all charges around the Deepwater Horizon rig blast and Gulf of Mexico oil spill.
European shares inched higher on Thursday on hopes Greece would reach an agreement on a bond swap deal with its private creditors to avoid a messy default and that bank’s earnings in the United States would be strong. Spain drew strong demand at a debt auction which sold more than 6.6 billion euros ($8.46 billion) of bonds with maturities of up to 10 years on Thursday in its first test of market sentiment for euro zone bonds this year. U.S. stocks jumped to their highest since July on Wednesday as the International Monetary Fund seeks to raise $600 billion to help countries hit by the European debt crisis and forecast-beating earnings from Goldman Sachs.
Filed under: 2012, Morning Report, Uncategorized |
All Things in Moderation 
I apologize for the format of the VS. Help invited.
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I don’t have anything to add to the economic news, but on the health care front, the CBO doesn’t have much positive news on cutting Medicare costs:
From the article:
“There is widespread support, in Congress and among economists, for the broad ideal that Medicare would save money if it paid for better outcomes instead of more procedures. But 20 years of trying to shift the program in that direction have yielded little to no progress, CBO said Wednesday.
CBO analyzed six programs designed to improve care coordination for patients with chronic diseases. They either made no difference or were actually more expensive than the traditional payment system.”
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Not only that mark, you deleted my last link……lol
I have a busy day so we’ll just leave it as is for now.
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I may not be the guilty party, LMS – someone tried to fix my VS format and made it worse!
I’ll keep trying. Send me the link and I will repost it.
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No big deal mark. I think I’ll just make it a post all on it’s own. It was rather long and I didn’t have time this morning to read the entire piece first so I think I’ll just hold it for later. Thanks anyway though.
We’ll all get the hang of this soon. We need to get our FAQ page up soon. I’ll use some of my free time (lol) to work on that.
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I was the guilty party in making things worse, at least briefly. I just made it into two posts after first trying to fix Mark’s addition in LMS original post. This is what happens when us non-tech savy people try to get courageous.
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Hi all
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NoVa’s back. And just in time for bad news from the CBO on Medicare.
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He’s baaaaaack. What do you think of the place?
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looks good. just poking around to get a feel for the place. want to send me note offline on why the switch?
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Done
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I’ve thought before that WP might drive more serendipitous traffic, and the latest change to comments on Blogger ended up excluding our IE folks. Plus this place is a little more customizable, thanks to Scott ponying up for the pro package. More tools for tracking web performance built in, as well, which is nice.
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LMS, it is sad for Kodak, its employees, its retirees, and Rochester; and maybe a precursor to sadness for the lost art of analog film, in general.
Very hard for me to grasp that the inventor of the digital camera did not “keep up”.
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Same for me (as a guy who once spent many of his boyhood days developing film in our bathroom and bedroom with my older brother). However, much like the horse and buggy, the iceman and icebox, it appears we have reached the end of the film line… I too find it hard to believe that the company that got its claim to fame by making photography available to the common man with the introduction of roll film and a portable camera and the company that invented the first megapixel sensor could not keep up.
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My husband recently picked up a reel to reel projector at a garage sale, fixed it up and got it running, and we watched a home movie of his parents wedding a couple of weekends ago.
Our daughter’s masters is in FA, photography/film, so she got a kick out of it of course. She does miss the dark room days and the chemical smells. Her work is just as fine or probably better now though.
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Yes, it is sad and nostalgic for some of us oldsters.* I still have one of the clunky old instant polaroid cameras, the kind that spits the pic out as soon as you take it and you wait for it to show up. No idea if one can still get film for those.
*lms, don’t you think “last day of 59” was kind of a low blow? 🙂
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Okie
Not when I consider the fact that I applied for SS today. Want to trade places?
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lol, that really must have been weird. But I need to answer your trade-places question another day. After a very rough day today, it’s sounding kind of good. Besides, I think when you get your SS you can fart in public and nobody is allowed to say anything about it.
btw, I realized when visiting PL yesterday that I had not seen any ruk comments for quite a while when I was skimming. Know anything about that?
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It’s my understanding from emails that he’s taking a break from the PL right now. He misses the old Plumline and Kevin’s Troll Hunter and is pretty discouraged with the climate over there.
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Speaking of cameras:
http://mirrors.5nines.com/stream/
This is a webcam at the Wisconsin Government Accountability Board. This is the agency that has to scan and validate the signatures (about 3,300 pounds of paper) as part of the state’s recall-the sequel process.
Gadzooks, imagine knowing the world can watch you while you shuffle papers!
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OT: The Republicans are picking Daniels to retort after the State of The Union. I’ve long found this whole mess repulsive. Maybe we need to de-politicize this speech? Jefferson used to write it up and send it to the Congress. (He hated speaking live.) Yet, the State of the union was to the point and if the opposition wanted to argue they argued in the Congress. Usually the arguments are not knee-jerk and far more intelligent.
The State of the union is not meant to be a debate.
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