Tuesday, March 24, 2009

Toward The Temporary Nationalization Of American Opera: $465 Million Of Government Money Combined With $35 Million Of Private-Sector Money?




[Click on images for enlargements.]

The closed Hibernia Bank of San Francisco and the very open, largely publically-funded, California Academy of Sciences, San Francisco. [The afternoons and evenings are less crowded than the morningtime, when school groups often visit.]

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Name the great American classical operas funded by Andrew Carnegie, Warren Buffett, Bill and Melinda Gates, Citicorp, the Bank of America, or the Rockefeller Foundation?

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Photo credits: (c) sfcitizen.com and the California Academy of Sciences. With thanks.

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The then and now largely state-funded Mariinsky Opera and Ballet Theatre, Saint Petersburg, Russian Federation, Future European Union.

The Mariinsky Theatre's production of Prokofiev's state-funded "War and Peace" will be staged at the John F. Kennedy Center for the Performing Arts, in the winter of 2010.

Some critics have called Prokofiev's "War and Peace" the greatest opera of the last century. Do any readers know who?



Credit: Library of Congress via Wikipedia Commons.

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"The purpose of the Geithner plan is to boost financial asset prices and so make it easier for businesses to obtain financing on terms that will allow them to expand and hire. The plan would take about $465 billion of government money, combine it with $35 billion of private-sector money, and use it to buy up risky financial assets.

The sudden appearance of an extra $500 billion in demand for risky assets will reduce the quantity of risky assets other private investors will have to hold. And the sudden appearance of between five and 10 different government-sponsored funds that make public bids for assets will convey information to the markets about what models other people are using to try to value assets in this environment." ...

Berkeley economist Brad DeLong in the New York Times, March 25, 2009

1 Comments:

Blogger JW said...

Any chance some of that money will be used to present overlooked American operas. I certainly don't mean Gatsby, Ghost of Versaillesm Montezuma or Dr. Atomic.

8:47 AM  

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