Bankers want polaroid y2k ad pulled off the airgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Go figure!! The bankers don't like Polaroid exposing possibilities.
Link gets you to stories page, just click on "pull new ad".
-- CygnusXI (LUPPOTREB@AOL.COM), June 28, 1999
Bankers must be even stranger and self-righteous than I thought. More evidence that they REALLY ARE worried. ****
Bankers Demand Polaroid Pull New Ad 6/28/99 Author: Associated Press
CAMBRIDGE, Mass. (AP) _ A new Polaroid ad about the Y2K computer problems is supposed to be funny, but a group of bankers isn't laughing.
Saying that the ad fuels fears about the ability of banks to handle Y2K, the American Bankers Association's lobbying group in Washington has demanded that the Cambridge-based company kill it.
The ad shows a young man rushing to take a Polaroid picture of his bank account balance at a cash machine just before midnight on New Year's Day 2000. The screen goes blank with New Year's arrival, then comes up with a balance several million dollars larger.
"I can't imagine that you would ever want to see an ad portraying Polaroid products as inoperative for any reason,'' wrote the ABA's Donald Ogilvie, an executive vice president, in a June 16 letter to Polaroid chief executive Gary DiCamillo. "Why is it necessary that Polaroid sell its cameras by raising the specter of a national bank run?''
DiCamillo responded in a June 18 letter that Polaroid would try to modify the message, or drop the ad.
He also defended the strategy, saying that Polaroid is trying to target younger customers. He said that combining humor with current events has been an effective strategy
-- Jon Johnson (firstname.lastname@example.org), June 28, 1999.
They didn't like the KIA ads, either, because, as Hardliner reminds us, The Panic has Begun.
Probably because of that recent Gallup Poll that confirms their worst fears.
-- lisa (email@example.com), June 28, 1999.
I wish I had some money so I could take it out of the bank
-- zoobie (firstname.lastname@example.org), June 28, 1999.
They probably won't like what John Kenneth Galbraith had to say today either:
Galbraith warns of "speculative optimism" in U.S.
By Ashley Seager
LONDON, June 28 (Reuters) - Legendary "people's economist", John Kenneth Galbraith, on Monday warned the United States was facing a speculative bubble and said the age of slump and depression was not past.
The author of the definitive work on the Great Crash of 1929 told an audience at the London School of Economics that the U.S. was now having "another exercise in speculative optimism following the partial reversal last year".
"When you hear it being said that we've entered a new era of permanent prosperity with prices of financial instruments reflecting that happy fact, you should take cover," he said.
The 90-year-old Harvard professor, who advised Democratic presidents starting with Franklin D. Roosevelt and his "New Deal" in the 1930s through to John F. Kennedy and Lyndon B. Johnson in the 1960s, warned that the bubble could be followed by a painful recession.
"Let us not assume that the age of slump, recession, depression is past. Let us have both the needed warnings against speculative excess and awareness that the ensuing slump can be painful," said Galbraith, who has written over 40 books including the classic "The Affluent Society".
He said the writings of the great economist John Maynard Keynes would come back into fashion with the inevitable slowdown, as governments sought ways to alleviate its effects. Galbraith worked with Keynes in the late 1930s.
He said that in spite of great increases in economic growth this century and the release of many people from back-breaking toil in agriculture, there were a great many poor even in the richest countries, and notably in the U.S.
"Urban poverty is the most evident and painful of the economic and social legacies from the centuries past. The answer...is rather clear: everybody should be guaranteed a decent basic income. A rich country such as the U.S. can well afford to keep everybody out of poverty."
"Some, it will be said, will seize upon the income and won't work. Let us accept some resort to leisure by the poor as well as the rich," he added.
Galbraith, a former U.S. ambassador to India in the 1960s, said one of the major unfinished tasks of the present century and millennium was the alleviation of global poverty.
He said that while the end of colonialism had been one of the great achievements of this century, its collapse had often been following by corrupt or inept government.
"Economic aid is important, but without honest, competent government, it is of little consequence."
He said there had to be a mechanism to suspend a country's sovereignty when necessary to protect against human suffering and disaster. "Let there be government by the United Nations to bring about an effective and humane independence," he said.
For Galbraith, the "greatest unfinished business" of the century was the need to eliminate nuclear weapons. "The most urgent task now and of the new century is to bring to an end the threat of Armageddon."
-- Ray (email@example.com), June 28, 1999.
zoobie: funny. I run the bank twice a month, so I'm already an enemy of the state. In fact, I've never not been....
-- lisa (firstname.lastname@example.org), June 28, 1999.
Told ya they'd want this ad killed.
Global repression, global domination by the supra-nationalist elitist/statist'/socialists? Read again the quotes in the article....
Those are trult frightening.......
-- Robert A. Cook, PE (Kennesaw, GA) (email@example.com), June 28, 1999.
man...I love that ad!
So far I think tv commercials have done more to warn the public than the fed gov and with a lot more style! Actually, I'm a little surprised it took them this long.
-- Michael Taylor (firstname.lastname@example.org), June 28, 1999.
Yo Quiero Mas Dinero! Y Taco Bell!
-- Jim Smith (email@example.com), June 28, 1999.