Sunday, September 28, 2008

Radio Rights

Upon searching sunday's edition of the Chicago Tribune, I stumbled upon an editorial that caught my eye. As a music lover, the title of the article instantly appealed to me. The editorial is called "Radio: Pay the band" and is written by the Chicago Tribune Editorial Board. The editorial is about radio stations neglecting to pay performers for the music that they made famous. The radio stations do pay the songwriters, but performers such as Aretha Franklin do not receive any form of pay for letting radio stations play the songs that they made famous. This issue has been brought to legislative attention via Representative Howard Berman in the Performance Rights Act. In Berman's act, small broadcasters (those making under $1.25 million annually in revenue) would only have to pay a flat annual royalty of $5,000. Larger stations would pay no more than $1,000 annually. Music stations are advocating to deny the act because they fear it may put many stations out of business, which would in turn hurt the performers because their music will not be heard.
I really enjoyed reading about this conflict, because it appealed through all three main appeals. The editorial appealed to me through pathos, because it made me feel bad for the performers like Aretha Franklin who are getting scammed out of their rightful money. It appealed to me through logos, because I feel that the argument is very logical. Why shouldn't performers be paid when songwriters are paid? Finally, the editorial appealed to me through ethos because I feel that it is ethical that the performers get paid. It is only fair that they get rewarded as well as the songwriters.
After reading the editorial, two main thoughts struck my mind. At first, I truly pitied the performers and didn't understand how our Constitution could allow this unjustice. It dawned on me that there are more important issues in this world and we are probably tying to find legal loopholes in our Constitution causing these issues. Does this mean that our Constitution, which we have had for the last 232 years needs to be changed?? Maybe. Don't the citizens of "the greatest country in the world" deserve a perfect constitution? I think so. After thinking about this I realized that performers already make a boat load of money, so the radical idea of changing our Constitution has subsided in my mind.
Overall, I enjoyed the article, but felt very manipulated by it. Since it was an editorial, it was heavily biased. The editorial fails to truly debate the enitre issue, only representing one side of the issue. There is only one paragraph for the opposition. The authors even states their opinion after introducing the issue: "Songwriters get paid, but performers don't. That seems unfair." The authors overwhelms the reader with their bias, which in the end does effectively convince the reader to accept the authors' view. To a reader that fails to rhetorically analyze the editorial, which is most readers, the editorial would appeal to them. This helps the authors of this editorial to gain support for their topic. So what makes a good editorial or article? Is it one that convinces the reader to agree with the author's point or is it a piece of writing that depicts two sides of an argument without the bias of an author? I'll let you decide.

Sunday, September 21, 2008

Economic Perilous Times Over?


Around one year ago, a mortgage crisis arose. In a sense there was too much loose money. Interest rates were historically low and it seemed almost anyone could get a mortgage in order to buy a house. People who were unable to pay back these mortgages even were able to take them out. Forclosure rate thus sky-rocketed. The rates of forclosure directly impacted the ability to get money or loans. The value of the mortgages has since dropped like lead because people were unable to pay the loans back. This caused the companies who owned these mortages to lose a lot of money. As these companies had less tangible money, or liquidity, the rating agencies (such as S&P) lowered their ratings, which means that the companies it rated had to put up more money. This virtually stopped the flow of money, causing a sense of panic and a tendancy of people to sell and get back their money.
Recently, our government has bailed out companies such as Fannie Mae and Freddie Mac using the tax payers money. We even lent AIG a two year loan of almost $80 million. But does this solve our problem? The market HAS started to a small rally as shown in the above graph, but according to the New York Times our problems are far from over. Investors are now weary, if not afraid of investing and there is still potential for more battered firms to fail. Foreign nations are also now skeptical about our market. Also, loaning all of this money out puts our country farther in debt. Hopefully this crisis will be completely averted, but I think that we have merely put a band-aid on an open wound. What do you think?

Wednesday, September 10, 2008

McCain, a True "American"


This past weekend John McCain spoke at the Republican National Convention. He spoke about being a prisoner of war and frequently mentioned his pride for America. He later brought up Senator Obama and said: "We are fellow Americans and that's an association that means more to me than any other." What does this mean to you as a student or a teacher in our American Studies class? Does this mean Senator McCain is speaking to the John Wayne/cowboy type of person that we defined as a stereotypical American? Why is being "American" so important to Senator McCain?

Senator McCain is very passionate about the United States. He was a soldier, a prisoner of war, and is now running for president. Does this mean that he will make a good president? I don't know. Will he even be able to beat Senator Obama in the upcoming election? I don't know. So what makes anybody so passionate about being "American?" Is it our democratic system, Bill of Rights, or the power we hold in the world? Also, why does Senator McCain feel that being American is the closest association he has with anyone, not just Senator Obama?

Wednesday, September 3, 2008

First Post :-)

How's it going? This is my first blog. It's a great one.