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October 10, 2008
Pencil This In...Friday
Ain't this the truth these days? Especially when it comes to your money. / Photo by victoriabernal via LAist's flickr pool.
ART: Venice’s G2 Gallery hosts a new exhibit tonight “A Life Well Lived 40 Years in the Making” featuring works by renowned environmental photographer Robert Glenn Ketchum. Ketchum will be at the gallery for a lecture on his career, his works and his environmental involvement.
FILM: Writer Ray Bradbury introduces Something Wicked This Way Comes (1983) tonight at the Egyptian Theatre. He wrote the screenplay, which was adapted by his own novel, tale of a weird carnival hitting a small town and “bringing with it Mr. Dark (Jonathan Pryce), a sinister impresario who will mystify young boys Will and Jim (Vidal Peterson and Shawn Carson) and bewitch many of the town’s inhabitants with apparent answers to their dreams. Or is it their nightmares?” Jason Robards, the older single dad of Will and a reclusive librarian who has given up on life, suddenly finds himself challenged by the mysteriously seductive threat – he may be the one person who can save the town from Mr. Dark – and itself.”
PERFORMANCE: Speaking of weird carnivals, The Most Interesting Show in the World Tour stops at The Music Box @ Henry Fonda Theater tonight at 9:30. The upscale, yet offbeat variety show’s inspired those Dos Equis' commercials and will feature acts from around the world, including a Dangerous Juggler/Comedian; Sword Swallower ; and a Bow & Arrow Contortionist.
THEATRE: Waiting In The Wings is a Noel Coward play that takes place at The Wings, a British charity retirement home for leading ladies of the stage. The follows a year in the life of the residents, who will finally face issues dating back three decades. The show opens tonight at Theatre West @ 8 pm in North Hollywood.
Check out other upcoming events on our LAist Agenda: October.
*Pencil pick of the day
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The information in the photograph's art piece is incorrect and misleading. There is no Federal Reserve Bank with a monopoly over anything, and it certainly isn't a private company.
Twelve separate Federal Reserve Banks serve separate areas across the nation. Only chartered banks (a few thousand exist) are allowed to borrow or use the Fed's services. Shares of the company are not available to the general public, only depositors (that is, the member banks) hold shares (they do not actually own them, nor may they sell them). These shares only grant voting rights towards the board of directors of the regional Regional Federal Reserve Bank in question. This board (which acts only in an oversight capacity and has little power to set policy) hires a Bank President who is charged with managing the bank. Four of the Regional Bank Presidents (out of twelve) take turns sitting on the Board of Governors of the Federal Reserve System, a large body of people appointed directly by the President (these appointees outnumber the Bank Presidents 7:4). It is this body, whose members are answerable to Congress, which has the actual power to set policy, rules over loans, interest rates, fees, and other important matters.
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Barf on the ridiculous conspiracy theory part of that sign. Critics of capitalism have a hard enough time being taken seriously without having to compete with nonsense.