U.S. Stocks hit a five-year high today after better-than-expected results from eBay and data that showed unemployment benefits dropped to a five-year low.Other positive data showed that housing starts climb to its highest rate since June 2008, but factory activity in the mid-Atlantic region unexpectedly contracted in January.Michael Guli from Knight Capital will weigh in on the recent positive housing news and what the slowdown in factory activity will mean for the economy.The Labor Department said on Thursday that initial claims for state unemployment benefits fell 37,000 to a seasonally adjusted 335,000, the lowest level since January 2008.But the Philadelphia Federal Reserve Bank said its business activity index fell well below economists’ expectations. Earlier in the week, the New York Fed’s “Empire State” general business conditions index also fell, surprising economists. Groundbreaking on new homes rose in December to its fastest pace in over four years, hitting its fastest pace since June 2008.The Commerce Department said on Thursday that starts at building sites for homes surged (just over) 12.1 percent last month to a 954,000-unit annual rate.Building permits also edged up to a 903,000-unit rate, the fastest pace since July 2008.

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In the US, anger continues to boil over a court’s refusal to indict a white police officer for the killing of an unarmed Black teenager in Missouri. In New York, a massive demonstration has been held at Times Square to demand justice for Michael Brown.

Emotions are running high across the country over a grand jury’s decision in one of the United States’ most racially charged cases in recent years. People have held demonstrations in dozens of cities, including Boston, Chicago, Philadelphia, and Minneapolis. Earlier, people once again hit the streets of St. Louis County, hours after angry protesters set properties on fire. Videos of the aftermath of the protests show massive destruction of buildings and cars, with stores and businesses looted. The violence broke out despite a plea for calm from President Barack Obama. The Saint Louis police chief says at least 18 people were injured and over 80 people arrested on Monday night. The governor of Missouri has called for the deployment of more National Guard troops to Ferguson. Meanwhile, the family of slain African American teenager Michael Brown has objected to the grand jury’s decision.

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The seeds of High Treason started at Temple University in Philadelphia, circa 1967. Edgar Koshatka started jamming with an assortment of “alternative music types” that were fairly commonplace in those days of sit-ins, protests, and general mayhem. Edgar was a jazz guy-at heart and a by-then-halfhearted classical guy as a music major.

Edgar always kept half-an-ear cocked to some of the innovative new rock radio stations springing up, and was completely “blown-away” (hey, it was the sixties, right?) when the rich textures, modal harmony, and sonic power of the Jefferson Airplane, circa “After Bathing At Baxters”. In mid-’68 or so,, Edgar met Marcie Rauer and Saul Goodman, and many musical ideas began to be exchanged.

The eclectic, multi-style musical mix that was to be the band’s trademark began to emerge, based around the writing of Edgar and the instrumental and vocal contributions of all. Joe Cleary, a successful top-40 type who had seen “the light” came aboard, and various bass players and drummers came and went with regularity (a problem that was to plague the band; there are also more than one-of-each on the album). The instrumental and vocal nucleus of Edgar, Marcie, Saul, and Joe remained constant, however.

By late ’68, the band had become a full-fledged effort, with a manager, a bunch of equipment, roadies, a band house, and lots of record company inquiries. Along with that came many gigs at scores of PA, NY, NJ, DE, and occasionally furtherafield concert halls, coffee houses, and especially at the symbolic late 60’s venues that would later be dubbed “psychedelic garages”. These, of course, were the arch typical social and music centers of the time for the alternative culture that had wafted from west coast to east.

The band finally signed a record deal in 1969 with, of all things, a label that was best known for recordings of children books (American Flag rolling papers on the front cover must have been an eyeopener for them!) The group spent a good part of 1969 in New York, recording the album, which was produced by Howard Massler, son of the record company founder and owner. By the early 70’s, the band found itself with a record out, a hefty spate of gigs like the Electric Factory, Cafe Au Go Go, Electric Circus, and even The Filmore East (back of booklet).

Musicians
*Bobby Blumenthal – Percussion
*Joe Cleary – Vocals
*Marcie Rauer – Vocals
*Saul Goodman – Guitar
*Edgar Koshatka – Keyboards
*Terry Morrissey – Bass (Tracks 4-6)
*R. Margolis – Bass (Tracks 1-3)
*Dennis Greller – Drums
*F. Masica – Drums

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