“ If they differ, you fail.

“ Any male outfit that includes both a white patent leather (or plastic) belt, and matching white shoes.
The Full Cleveland is found many places, not just Cleveland. It is particularly common at American Legion dances.

“ With its ample production budget, SUPERTRAIN attracted a rich array of period talent, including Vickie Lawrence (aka Momma for Momma’s Family), retired footballing superstar Don Meredith, and Alan Alda’s dad. Plus this gem of credit line: “Charlie Brill as Robert, the Hairdresser.

“ The aforementioned Montreal Limited, for example, circa 1942, would pull out of New York’s Grand Central Station at 11:15 p.m., arriving at Montreal’s (now defunct) Windsor Station at 8:25 a.m., a little more than nine hours later. To make that journey today, from New York’s Penn Station on the Adirondack, requires a nearly 12-hour ride. The trip from Chicago to Minneapolis via the Olympian Hiawatha in the 1950s took about four and a half hours; today, via Amtrak’s Empire Builder, the journey is more than eight hours. Going from Brattleboro, Vt., to New York City on the Boston and Maine Railroad’s Washingtonian took less than five hours in 1938; today, Amtrak’s Vermonter (the only option) takes six hours—if it’s on time, which it isn’t, nearly 75 percent of the time…
…Obama’s bold vision obscures a simple fact: 220 mph would be phenomenal, but we would also do well to simply get trains back up to the speeds they traveled at during the Harding administration. Consider, for example, the Burlington Zephyr, described by the Saturday Evening Post as “a prodigious, silvery, three-jointed worm, with one stalk eye, a hoofish nose, no visible means of locomotion, seeming either to be speeding on its belly or to be propelled by its own roar,” which barreled from Chicago to Denver in 1934 in a little more than 13 hours. (It would take more than 18 today.) An article later that year, by which time the Zephyr had put on the “harness of a regular railroad schedule,” quoted a conductor complaining the train was “loafing” along at only 85 mph. But it was not uncommon for the Zephyr or other trains to hit speeds of more than 100 mph in the 1930s. Today’s “high-speed” Acela service on Amtrak has an average speed of 87 mph and a rarely hit peak speed of 150 mph. (The engine itself could top 200 mph.)

“ In any case, the credit fiesta is over, and the “consumer” economy with it, because industrial growth as we have known it is over. It’s over globally, too, though all regions of the world will not experience its demise the same way at the same rate. The Asian nations may swap things around a while longer but China is basically screwed. They have less oil left than we have (which is saying, not much at all) and they won’t corner the rest of the global oil market without starting World War Three. Meanwhile, they’re running out of water and food. Good luck becoming the next global hegemon. Oh, and Japan imports 90 percent of its energy; India over 80 percent. Fuggeddabowdit. Credit will not vanish everywhere overnight — even in the USA — because it is not distributed equally everywhere. But it will vanish in layers, and here in the USA a very broad layer of the lower and middle classes are now losing their access to it in one way or another — personally, in small business — and they will never get it back. Anyone who intends to thrive in the years just ahead had better plan on doing it on the basis of accounts receivable — and what they receive might not even necessarily come in the form of US dollars.

“ So let’s face it: any President who sought to destroy the political power of the Investment Banker Aristocracy in a frontal assault would be defeated if not destroyed. Any president of either party who dares even mess around the edges of the real power structure gets “the treatment.” Is there any strategy would might actually work? How about “give them enough rope to hang themselves”?…If you set out to completely discredit the bankers and eviscerate their political power, you’d proceed exactly as Obama has done, enabling it to reach its reductio ad absurdum conclusion of fat bonuses and tax-funded bailouts in the trillions of dollars, at which point the public will rise up in fury, doing the work which was impossible for you, a new “liberal” president.

“ Now, former Merrill Lynch chief John Thain — of thousand-dollar trash-basket infamy — has come back out of the woodwork to backbite BOA’s Ken Lewis over who-said-what in regard to a treasure chest of bonuses divvied up during the blur of TARP payouts last fall. Thain complains of being unemployed since then — though one wonders why he doesn’t just shut the fuck up, buy half of Nantucket with his untold millions of booty, and learn to play the oboe or something. This giant CEO cat fight was just getting interesting when the Mexican flu pulled the news-plug on it.

“  Mr. Obama looked to be the man-on-a-white-horse — on the exhaustion of Reagan-Bush Jesus-Republicanism — but he’s coming off more like Philippe Égalité (Louis Philippe Joseph d’Orléans, duc d’Orléans) in 1793, with perhaps Newt Gingrich waiting offstage to become Robespierre in 2012 — and some obscure US Army captain now toiling in Kirkuk slated to become the American Napoleon of 2015. As you’ve surely heard a thousand times now, history doesn’t repeat itself but it rhymes. The enormities of Wall Street today are a little like those of the French Ancien Régime at Versailles.