Net income in accounting is an entity's income minus expenses for an accounting period.^[1] It is computed as the residual of all revenues and gains over all expenses and losses for the period,^[2] and has also been defined as the net increase in stockholder's equity that results from a company's operations.^[3] In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit and loss.^[1]

Net income is a distinct accounting concept from profit. Profit is a term that "means different things to different people"^[3], and different line items in a financial statement may carry the term "profit", such as gross profit and profit before tax.^[1] In contrast, net income is a precisely defined term in accounting.^[3]

Overview[link]

Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income (also depending on UK and US usage), net earnings and net profit are commonly found as synonyms for net income. Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line, meaning revenue, which forms the first line of the account statement).

The items deducted will typically include tax expense, financing expense (interest expense), and minority interest. Likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, and sales returns and allowances. For a product company advertising, manufacturing, and design and development costs are included.

An equation for net income[link]

Net sales (revenue)

– Cost of goods sold

= Gross profit

– SG&A expenses (combined costs of operating the company)

= EBITDA

– Depreciation & amortization

= EBIT

– Interest expense (cost of borrowing money)

= EBT

– Tax expense

= Net income (EAT)

References[link]

1. ^ ^{a b c} IFRS Foundation. (2012) IAS 1 Presentation of Financial Statements. Retrieved on April 14, 2012 from http://eifrs.ifrs.org/eifrs/bnstandards/en/2012/ias1.pdf
2. ^ Stickney, et al. (2009) Financial Accounting: An Introduction to Concepts, Methods, and Uses. Cengage Learning.
3. ^ ^{a b c} Needles, et al. (2010) Financial Accounting. Cengage Learning.

See also[link]

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Coordinates: 40°43′44″N 73°59′43″W / 40.729007°N 73.995162°W / 40.729007; -73.995162

The Bottom Line was a music venue at 15 West Fourth Street between Mercer Street and Greene Street in the Greenwich Village neighborhood of Manhattan, New York City. During 1970s and 1980s the club was a major space for small-scale popular music performances.

History[link]

Owned by Allan Pepper and Stanley Snadowsky, the Bottom Line opened on February 12, 1974 and enjoyed a successful three-decade run, presenting major musical acts and premiering new talent. Bruce Springsteen played showcase gigs at the club and Lou Reed recorded the album Live: Take No Prisoners there. Harry Chapin held his 2000th concert at the Bottom Line in January 1981.

The Bottom Line hosted an extremely wide variety of music and musicians. Among the thousands who performed on its stage were Asım Can Gündüz, Linda Ronstadt, Van Morrison, Neil Young, Loudon Wainwright III, The New York Dolls, Lyle Lovett, The Electric Flag, Pat Martino, Todd Rundgren, Graham Parker, Horslips, Dire Straits, Chris Hillman, Dolly Parton, Tracy Nelson, Emmylou Harris, The Pointer Sisters, Betty Carter, Ravi Shankar, Prince, Ramones, Miles Davis, Bill Evans, Charles Mingus, Mose Allison, Muddy Waters, Mike Bloomfield, Paul Butterfield, Ray Barretto, Peter Gabriel, Al Kooper, Tom Waits, Melvin van Peebles, Barry Manilow, Neil Sedaka, Billy Joel, Patti Smith, Flo and Eddie, Hall & Oates, Toots and the Maytals, Cheech and Chong, Tower of Power, Tim Hardin, Roger McGuinn, JJ Cale, The Meters, Greg Kihn Band, Ry Cooder, Southside Johnny and the Asbury Jukes, Sam and Dave and The Ronettes.^[1]

The Bottom Line seated 400 people and had a no smoking policy, long before that restriction became New York City law.

In later years the club hosted In Their Own Words: A Bunch Of Songwriters Sittin' Around Singing, a series of performances with commentary organized and initially hosted by radio personality Vin Scelsa. Another staple was the annual Downtown Messiah, a reworking of Handel directed by Richard Barone. At Christmastime, musicians like Vernon Reid and David Johansen made “The Messiah” their own. Another recurring event was The Beat Goes On, a show in which performers covered pop songs around a theme, such as Christmas songs, or songs from a given time period. That show presented performers including Fountains of Wayne, Richard Lloyd and "Hedwig and the Angry Inch's John Cameron Mitchell. The Bottom Line was also the site, in April 1995, of four concerts by Joan Baez in which she collaborated with a number of female performers, including Dar Williams, Janis Ian, Mary Chapin Carpenter, The Indigo Girls and Mary Black, the results of which were recorded and released as the album Ring Them Bells.

The Bottom Line's cachet faded with time, and by 2003 the club was deeply in debt ($190,000 in back rent, plus several hundred thousand dollars in other expenses) and no longer bringing in large crowds. Its landlord, New York University (NYU), increased the rent to market level, which was beyond the club's ability to pay, and in a contentious negotiation the university threatened eviction. Fans Karen and Carmine DeMarco started a petition on their website in support of the club. Bruce Springsteen offered to pay the club’s back rent if NYU and the owners could settle on a lease. Sirius Satellite Radio offered the same, but rather than risk a takeover, Pepper and Snadowsky closed the club before they could be kicked out. The last Bottom Line show was on January 22, 2004, just shy of the club’s thirtieth anniversary. The building now houses NYU classrooms.

Pepper and Snadowsky are seeking another venue to carry the Bottom Line name. They maintain the Bottom Line Corporate Website, and use it to provide the club's official history and to sell merchandise, including T-shirts. Since 2005, the site has been updated annually on February 12 (anniversary of the club's opening), with a letter detailing their current progress. In February 2007 they announced plans to release a box set of archival recordings on Koch Records. That set is currently in preproduction.

References[link]

Sources

• Bottom Line Corporate Website
• USA Today, "N.Y.'s famous Bottom Line gets reprieve", Oct 23, 2003.
• The Villager, "The Bottom Line tries to avoid end of the line", Oct 29, 2003.
• “CRITIC'S NOTEBOOK; The Bottom Line, a Place Where the Music Always Came First”, Jan 26, 2004

Notes

Neil Young
Young performing in Oslo, Norway, in 2009.
Background information
Birth name	Neil Percival Young
Also known as	Bernard Shakey,[1] Phil Perspective, Shakey Deal, Clyde Coil, Ol' Neil, Joe Canuck, Joe Yankee,[1] Marc Lynch,[1] Pinecone Young[2]
Born	(1945-11-12) November 12, 1945 (age 66) Toronto, Ontario, Canada
Origin	Winnipeg, Manitoba, Canada
Genres	Rock, folk rock, country rock, experimental rock, hard rock
Occupations	Musician, songwriter, producer, director, screenwriter
Instruments	Guitar, vocals, harmonica, piano, keyboards, banjo, ukulele
Years active	1960–present
Labels	Reprise, Motown, Geffen
Associated acts	The Squires, The Mynah Birds, Buffalo Springfield, Crosby, Stills, Nash & Young, Crazy Horse, The Stray Gators, The Stills-Young Band, The Ducks, Northern Lights, Pearl Jam, Booker T. Jones, Leon Russell, Elton John
Website	neilyoung.com
Notable instruments
"Old Black" Martin D-45 "Hank" Gretsch White Falcon

Neil Percival Young,^[3] OC,^[4] OM^[5] (born November 12, 1945) is a Canadian singer-songwriter who is widely regarded as one of the most influential musicians of his generation.^[6]

Young began performing as a solo artist in Canada in 1960, before moving to California in 1966, where he co-founded the band Buffalo Springfield along with Stephen Stills and Richie Furay, and later joined Crosby, Stills & Nash as a fourth member in 1969. He forged a successful and acclaimed solo career, releasing his first album in 1968; his career has since spanned over 40 years and 34 studio albums, with a continual and uncompromising exploration of musical styles.^[6] The Rock and Roll Hall of Fame website describes Young as "one of rock and roll’s greatest songwriters and performers".^[7] He has been inducted into the Hall of Fame twice: first as a solo artist in 1995, and second as a member of Buffalo Springfield in 1997.^[8]

Young's work is characterized by his distinctive guitar work, deeply personal lyrics^[9][10][11] and signature alto or high tenor singing voice.^[12][13] Although he accompanies himself on several different instruments, including piano and harmonica, his idiosyncratic electric and clawhammer acoustic guitar playing are the defining characteristics of a varyingly ragged and melodic sound. While Young has experimented with differing music styles, including swing and electronic music throughout a varied career, his best known work usually falls into two primary styles: acoustic (folk and country rock) and electric (amplified hard rock, very often in collaboration with the band Crazy Horse). Young has also adopted elements from newer styles such as alternative rock and grunge. His influence on the latter caused some to dub him the "Godfather of Grunge".^[14]

Young has directed (or co-directed) a number of films using the pseudonym Bernard Shakey, including Journey Through the Past (1973), Rust Never Sleeps (1979), Human Highway (1982), Greendale (2003), and CSNY/Déjà Vu (2008). He is currently working on a documentary about electric car technology, tentatively titled Linc/Volt. The project involves a 1959 Lincoln Continental converted to hybrid technology, which Young plans to drive to Washington, D.C. as an environmentalist example to lawmakers there.^[15]

Young is an outspoken advocate for environmental issues and the welfare of small farmers, having co-founded in 1985 the benefit concert Farm Aid. In 1986, Young helped found The Bridge School,^[16] an educational organization for children with severe verbal and physical disabilities, and its annual supporting Bridge School Benefit concerts, together with his wife Pegi Young (née Morton). Young has three children: sons Zeke (born during his relationship with actress Carrie Snodgress) and Ben, who were diagnosed with cerebral palsy, and daughter Amber Jean who, like Young himself, has epilepsy. Young lives on his ranch in La Honda, California. Although he has lived in northern California since the 1970s and sings as frequently about U.S. themes and subjects as he does about his native country, he retains Canadian citizenship, having no desire to relinquish it.^[17] On July 14, 2006, Young was awarded the Order of Manitoba,^[5] and on December 30, 2009, was made an Officer of the Order of Canada.^[4]

Life and career[link]

Early years (1945–1966)[link]

Neil Percival Young was born in Toronto General Hospital, Toronto, Ontario, at 6:45 am on 12 November 1945. His father, Scott Alexander Young (1918–2005), was a journalist and sportswriter who would later rise to prominence in Canada for his work.^[18] His mother, Edna Blow Ragland "Rassy" Young (1918–1990), was of American, French, and Irish ancestry, and a "member of the Daughters of the American Revolution".^[19] They married in 1940 in Winnipeg, Manitoba, with their first son, Robert 'Bob' Young, being born in 1942.

Shortly after Neil's birth in 1945, the family decided to move to the rural town of Omemee, Ontario, which Neil would later fondly describe as a "sleepy little place".^[20] Omemee later established the Youngtown Museum in tribute to Young.^[21] Young was diagnosed with diabetes as a child,^[22] and also suffered from a bout of polio in 1951, in what was the last major outbreak of the disease in Ontario.^[23] This was in fact the same epidemic in which singer-songwriter Joni Mitchell, then aged nine, also contracted the virus.^[24]

Following his recovery, the Young family went on holiday to Florida in the United States in 1952, and upon returning to Canada soon decided to move away from Omemee and into the city of Toronto, before relocating to Pickering, which was just east of Toronto, and then again to north Toronto soon afterward. It was during this period that Young began to take an interest in popular music that he heard on the radio, and also began to rear chickens in order to sell their eggs.^[25]

When Neil was twelve, his father, who had been having a number of extra-marital affairs, left his mother, and she subsequently asked for, and received, a divorce some years later, in 1960. Due to the breakup of the family, Neil went to live with his mother, who moved back to Winnipeg, Manitoba, while his brother Bob stayed with his father in Toronto.^[26]

During the mid-fifties, at around the age of ten or eleven, Young was drawn to a variety of musical genres including rock and roll, rockabilly, doo-wop, R&B, country, and western pop. He would listen to pop music broadcast on the CHUM radio station via his transistor radio.^[28] Young has stated in interviews that growing up he idolized Elvis Presley and strived to be just like him, later referencing him in a number of his lyrics.^[29] Other early musical influences included Chuck Berry, Little Richard, Fats Domino, The Chantels, The Monotones, Ronnie Self, The Fleetwoods, Jerry Lee Lewis, Johnny Cash, and Gogi Grant.^[30] He first began to play music himself on a plastic ukulele, before, as he would later relate, going on to "a better ukulele to a banjo ukulele to a baritone ukulele – everything but a guitar."^[31]

Neil and his mother settled into the working class area of Fort Rouge, Winnipeg where the shy, dry-humoured youth enrolled at Earl Grey Junior High School. It was there that he formed his first band, The Jades, and met Ken Koblun, later to join him in The Squires. While attending Kelvin High School in Winnipeg, he played in several instrumental rock bands. Young's first stable band was called The Squires, with Ken Koblun, Jeff Wuckert and Bill Edmondson on drums, who had a local hit called "The Sultan." Young dropped out of high school^[32] and also played in Fort William (now part of the city of Thunder Bay, Ontario), where they recorded a series of demos produced by a local producer named Ray Dee, whom Young called "the original Briggs."^[33] While there, Young first encountered Stephen Stills. In the 2006 film Heart of Gold, Young relates how he used to spend time as a teenager at Falcon Lake, Manitoba, where he would endlessly plug coins into the jukebox to hear Ian Tyson's "Four Strong Winds".

After leaving the Squires, Neil worked folk clubs in Winnipeg, where he first met Joni Mitchell.^[34] Mitchell recalls Young as having been highly influenced by Bob Dylan at the time.^[35] Here he wrote some of his earliest and most enduring folk songs such as "Sugar Mountain", about lost youth. Mitchell wrote "The Circle Game" in response.^[36] Winnipeg band The Guess Who (Randy Bachman being their lead guitarist) had a Top 40 Canadian hit with Young's "Flying on the Ground is Wrong", which was Young's first major hit as a songwriter.

In 1965 Young toured Canada as a solo artist. In 1966, while in Toronto, he joined the Rick James-fronted Mynah Birds. The band managed to secure a record deal with the Motown label, but as their first album was being recorded, James was arrested for being AWOL from the Naval Reserve.^[37] After the Mynah Birds disbanded, Young and bass player Bruce Palmer relocated to Los Angeles. Young admitted in a 2009 interview that he was in the United States illegally until receiving a green card in 1970.^[38]

Buffalo Springfield (1966–1968)[link]

Once they reached Los Angeles, Young and Palmer met up with Stephen Stills, Richie Furay, and Dewey Martin to form Buffalo Springfield. A mixture of folk, country, psychedelia, and rock, lent a hard edge by the twin lead guitars of Stills and Young, made Buffalo Springfield a critical success, and their first record Buffalo Springfield (1966) sold well after Stills' topical song "For What It's Worth" became a hit, aided by Young's melodic harmonics played on electric guitar.

Distrust of their management, as well as the arrest and deportation of Palmer, exacerbated the already strained relations among the group members and led to Buffalo Springfield's demise. A second album, Buffalo Springfield Again, was released in late 1967, but two of Young’s three contributions were solo tracks recorded apart from the rest of the group.

In many ways, these three songs on Buffalo Springfield Again, "Mr. Soul", "Expecting To Fly", and "Broken Arrow", are harbingers of much of Young's later work in that, although they all share deeply personal, almost idiosyncratic lyrics, they also present three very different musical approaches to the arrangement of what is essentially an original folk song. "Mr Soul" is the only Young song of the three that all five members of the group performed together. In contrast, "Broken Arrow" was confessional folk-rock of a kind that would characterize much of the music that emerged from the singer-songwriter movement. Young’s experimental production intersperses each verse with snippets of sound from other sources, including opening the song with a sound bite of Dewey Martin singing "Mr. Soul" and closing it with the thumping of a heartbeat. "Expecting to Fly" was a lushly produced ballad similar to the baroque pop of the mid-1960s, featured a string arrangement that Young's co-producer for the track, Jack Nitzsche, would dub "symphonic pop."

In May 1968, the band split up for good, but in order to fulfill a contractual obligation, a final album Last Time Around was released, primarily from recordings made earlier that year. Young contributed the songs "On the Way Home" and "I Am a Child", singing lead on the latter. In 1997, the band was inducted into the Rock & Roll Hall of Fame; Young did not appear at the ceremony. The three surviving members, Furay, Stills and Young, appeared together as Buffalo Springfield at Young's annual Bridge School Benefit on 23–24 October 2010 and are planning a reunion tour for early 2012.

Going solo, Crazy Horse & CSNY (1968–1970)[link]

Main articles: Crosby, Stills, Nash & Young and Crazy Horse

Crosby, Stills, Nash & Young (center right) perform at the PNC Arts Center, August 2006.

After the breakup of Buffalo Springfield, Young signed a solo deal with Reprise Records, home of his colleague and friend Joni Mitchell, with whom he shared a manager, Elliot Roberts, who manages Young to this day. Young and Roberts immediately began work on Young's first solo record, Neil Young (November 1968), which received mixed reviews. In a 1970 interview,^[39] Young deprecated the album as being "overdubbed rather than played," and the quest for music that expresses the spontaneity of the moment has long been a feature of his career. Nevertheless, the album contains some songs that remain a staple of his live shows, most notably "The Loner".

For his next album, Young recruited three musicians from a band called The Rockets: Danny Whitten on guitar, Billy Talbot on bass guitar, and Ralph Molina on drums. These three took the name Crazy Horse (after the historical figure of the same name), and Everybody Knows This Is Nowhere (May 1969), is credited to "Neil Young with Crazy Horse." Recorded in just two weeks, the album opens with one of Young's most familiar songs, "Cinnamon Girl," and is dominated by two more, "Cowgirl in the Sand" and "Down by the River," that feature lengthy jams showcasing Young's idiosyncratic guitar soloing accompanied sympathetically by Crazy Horse. Young reportedly wrote all three songs on the same day, while nursing a high fever of 103 °F (39 °C) in bed.^[40]

Shortly after the release of Everybody Knows This Is Nowhere, Young reunited with Stephen Stills by joining Crosby, Stills, & Nash, who had already released one album as a trio. Young was originally offered a position as a sideman, but agreed to join only if he received full membership, and the group – winners of the 1969 "Best New Artist" Grammy Award – was renamed Crosby, Stills, Nash & Young.^[41] The quartet debuted in Chicago on August 16, 1969, and later performed at the famous Woodstock Festival, during which Young skipped the acoustic set and refused to be filmed during the electric set, even telling the cameramen: "One of you fuckin' guys comes near me and I'm gonna fuckin' hit you with my guitar".^[42] During the making of their first album, Déjà Vu, the musicians frequently argued, particularly Young and Stills, who both fought for control. Stills continued throughout their lifelong relationship to criticize Young, saying that he "wanted to play folk music in a rock band".^[43] Despite the tension, Young's tenure with CSN&Y coincided with the band's most creative and successful period, and greatly contributed to his subsequent success as a solo artist.

"Ohio" was written following the Kent State massacre on May 4, 1970, and was a staple of anti-war rallies in the 1970s. The song was quickly recorded by CSNY and immediately released as a single, even though CSNY's "Teach Your Children" was still climbing the singles charts. In the late 1970s and for much of the 1980s, Young refrained from performing "Ohio" live, as he considered the song to be dated. In the wake of the 1989 Tiananmen Square massacre, Young revived the song in concert, often dedicating it to the Chinese students who were killed in the massacre. Crosby, Stills & Nash, as a trio, also returned the song to their live repertoire around the same time, even though Young had provided the lead vocals on the original recording.

[edit] After the Gold Rush, acoustic tour and Harvest (1970-1972)

Later in the year, Young released his third solo album, After the Gold Rush (1970), which featured, among others, a young Nils Lofgren, Stephen Stills, and CSNY bassist Greg Reeves. Young also recorded some tracks with Crazy Horse, but dismissed them early in the sessions. The eventual recording was less amplified than Everybody Knows This is Nowhere, with a wider range of sounds. Young's newfound fame with CSNY made the album his commercial breakthrough as a solo artist, and it contains some of his best known work, including "Tell Me Why" and "Don't Let It Bring You Down," the country-influenced singles "Only Love Can Break Your Heart" and "When You Dance," and the title track, played on piano, with dream-like lyrics that ran a gamut of subjects from drugs and interpersonal relationships to environmental concerns. Young’s bitter condemnation of racism in the heavy blues rock song "Southern Man" (along with a later song entitled "Alabama") was also controversial with southerners in an era of desegregation, prompting Lynyrd Skynyrd to decry Young by name in the lyrics to their hit "Sweet Home Alabama". However, Young said he was a fan of Skynyrd's music, and the band's front man Ronnie Van Zant was later photographed wearing a Tonight's the Night T-shirt on the cover of an album.

In the autumn of 1970, Young began a solo acoustic tour of North America, during which he played a variety of his Buffalo Springfield and CSNY songs on guitar and piano, along with material from his solo albums and a number of new songs. Some songs premiered by Young on the tour, like "Journey through the Past", would never find a home on a studio album, while other songs, like "See the Sky About to Rain", would only be released in coming years. With CSNY splitting up and Crazy Horse having signed their own record deal, Young's tour, now entitled "Journey Through the Past", continued into early 1971, and its focus shifted more to newer songs he had been writing; he famously remarked that having written so many, he could not think of anything to do but play them. Many gigs were sold out, including concerts at Carnegie Hall and a pair of acclaimed hometown shows at Toronto's Massey Hall, which were taped for a planned live album. The show became legendary among Young fans, and the recordings were officially released nearly 40 years later as an official bootleg in Young's Archive series.

Near the end of his tour, Young performed one of the new acoustic songs on the Johnny Cash on Campus TV show. "The Needle and the Damage Done", a somber lament on the pain caused by heroin addiction, had been inspired in part by the heavy heroin use of Crazy Horse member Danny Whitten, who eventually died of an overdose.^[44][45] While in Nashville for the Cash taping, Young made a sudden connection with a new group of country-music session musicians, whom he christened The Stray Gators, and began playing with them; Linda Ronstadt and James Taylor also began to work with the group. Against the advice of his producer David Briggs, he scrapped plans for the imminent release of the live acoustic recording and quickly recorded much of his new material with the Stray Gators in Nashville, later adding two recordings made with an orchestra in London. The result was Young's fourth album, Harvest (1972), which would prove to be a massive hit. The only remnant left of the original concept was the album's live acoustic performance of the harrowing "Needle."

Young's more settled personal life was reflected in the rest of the Harvest album's mellow, pastoral tone. After his success with CSNY, Young had been able to purchase a ranch in rural Northern California (where he has lived since), writing the song "Old Man" in honor of the land's longtime caretaker, Louis Avila. On September 8, 1972, the actress Carrie Snodgress, with whom he had been living, gave birth to Neil Young's first child. (The boy, Zeke, was later diagnosed with cerebral palsy.) Young fell in love with Snodgress after seeing her in a movie, Diary of a Mad Housewife; Young wrote about this experience in the song "A Man Needs a Maid". Originally, for example in his Massey Hall concert, Young had played a fragment of another new song, "Heart of Gold," as part of "A Man Needs a Maid," but eventually, he separated the songs. "Heart of Gold," now played on guitar and harmonica, was released as the first single from Harvest, became a US number one single and remains the only No. 1 hit in his long career. "Old Man" was also immensely popular.

The album's recording had been almost accidental. Its mainstream success caught Young off guard, and his first instinct was to back away from stardom. In the Decade compilation, Young chose to include his greatest hits from the period, but his handwritten liner notes famously described "Heart of Gold" as the song that "put me in the middle of the road. Traveling there soon became a bore, so I headed for the ditch. A rougher ride but I saw more interesting people there."

The "Ditch" Trilogy and personal struggles (1972–1974)[link]

Although a new tour had been planned to follow up on the success of Harvest, it became apparent during rehearsals that Danny Whitten could not function due to drug abuse. On November 18, 1972, shortly after he was fired from the tour preparations, Whitten was found dead of an overdose. Young described the incident to Rolling Stone’s Cameron Crowe in 1975:^[46] "[We] were rehearsing with him and he just couldn't cut it. He couldn't remember anything. He was too out of it. Too far gone. I had to tell him to go back to L.A. 'It's not happening, man. You're not together enough.' He just said, 'I've got nowhere else to go, man. How am I gonna tell my friends?' And he split. That night the coroner called me from L.A. and told me he'd OD'd. That blew my mind. I loved Danny. I felt responsible. And from there, I had to go right out on this huge tour of huge arenas. I was very nervous and ... insecure."

On the tour, Young struggled with his voice and with the constantly changing band lineups, and called David Crosby and Graham Nash to help perform some of the music. The album assembled in the aftermath of this incident, Time Fades Away (1973), has often been described by Young as "[his] least favorite record," and it is one of only two of Young’s early recordings that has yet to be officially re-released on CD (the other being the soundtrack album Journey Through the Past). Nevertheless, Young and his band tried several new musical approaches in this period. Time Fades Away, for instance, was recorded live, although it was an album of new material, an approach Young would repeat with more success later on. Time was the first of three consecutive commercial failures which would later become known collectively to fans as the "Ditch Trilogy", as contrasted with the more middle-of-the-road pop of Harvest. These subsequent albums were seen as more challenging expressions of Young's inner conflicts on achieving success, expressing both the specific struggles of his friends and himself, and the decaying idealism of his generation in America at the time.

In the second half of 1973, Young formed The Santa Monica Flyers, with Crazy Horse's rhythm section augmented by Nils Lofgren on guitar. Deeply affected by the drug-induced deaths of Whitten and roadie Bruce Berry, Young recorded an album specifically inspired by the incidents, Tonight's the Night. The album's dark tone and rawness led Reprise to delay and Young had to pressure them for two years before they would release it.^[47] While his record company delayed the release, Young recorded another album, On the Beach (1974), which presented a more melodic, acoustic sound at times, including a recording of the older song "See the Sky About to Rain", but dealt with similarly dark themes such as the collapse of 1960s folk ideals, the downside of success and the underbelly of the Californian lifestyle. Like Time Fades Away, it sold poorly but eventually became a critical favorite, presenting some of Young's most original work. A review of the 2003 re-release on CD of On the Beach described the music as "mesmerizing, harrowing, lucid, and bleary".^[48]

After completing On the Beach, Young reunited with Harvest producer Elliot Mazer to record another acoustic album, Homegrown. Most of the songs were written after Young's breakup with Carrie Snodgress, and thus the tone of the album was somewhat dark. Though Homegrown was reportedly entirely complete, Young decided, not for the first or last time in his career, to drop it and release something else instead, in this case, Tonight's the Night, at the suggestion of Band bassist Rick Danko.^[49] Young further explained his move by saying: "It was a little too personal ... it scared me".^[49] Most of the songs from Homegrown were later incorporated into other Young albums, but the original album never surfaced. Tonight's the Night, when finally released in 1975, sold poorly, as had the previous albums of the "ditch" trilogy, and received mixed reviews at the time, but is now regarded as a landmark album. In Young's own opinion, it was the closest he ever came to art.^[50]

Young in Austin, Texas, on November 9, 1976. Photo: David Gans

[edit] Reunions, retrospectives and Rust Never Sleeps (1975–1979)

Young reformed Crazy Horse with Frank Sampedro on guitar as his backup band for his eighth album, Zuma (1975). Many of the songs are overtly concerned with failed relationships, and even the epic "Cortez the Killer", a retelling of the Spanish conquest of Mexico from the viewpoint of the Aztecs, may also be heard as an allegory of love lost. The song's deeply emotional lyrics and searing guitar solos made it one of Young's most enduring songs in concert over the next several decades. Zuma's closing track, "Through My Sails," was the only released fragment from aborted sessions with Crosby, Stills and Nash for another group album. The following year, Young reunited with Stephen Stills for the album Long May You Run (1976), credited to The Stills-Young Band; the follow-up tour was ended midway through by Young, who sent Stills a telegram that read: "Funny how some things that start spontaneously end that way. Eat a peach, Neil."^[51]

The Last Waltz, Young (center on left microphone) performing with Bob Dylan and The Band, among others in 1976.

In 1976, Young performed with Bob Dylan, Joni Mitchell, and numerous other rock musicians in the high profile all-star concert The Last Waltz, the final performance by The Band. The release of Martin Scorsese's movie of the concert was delayed while Scorsese unwillingly re-edited it to obscure the lump of cocaine that was clearly visible hanging from Young's nose during his performance of "Helpless."^[52] American Stars 'N Bars (1977) contained two songs originally recorded for the Homegrown album, "Homegrown" and "Star of Bethlehem," as well as newer material, including the future concert staple "Like a Hurricane". Performers on the record included Linda Ronstadt, Emmylou Harris and Young protégé Nicolette Larson along with Crazy Horse. In 1977, Young also released the compilation Decade, a personally selected set of songs spanning every aspect of his work, including a handful of previously unreleased songs. The record's sequencing, unusually for the time, resembled a live setlist and included less commercial album favorites alongside Young's greatest radio hits.

Comes a Time (1978), Young's first entirely new solo recording since the mid 1970s, also featured Nicolette Larson and Crazy Horse and became Young's most commercially accessible album in quite some time, marked by a return to Young's folk roots, including a cover of Ian Tyson's "Four Strong Winds," a song Young associated with his childhood in Canada. In 1978 much of the filming was done for Young's film Human Highway, which took its name from one of the album's songs. Over four years Young would spend US$3,000,000 of his own money on production. This also marked the beginning of his brief collaboration with the post-punk band Devo, whose members appeared in the film.^[53]

Young set out in 1978 on the lengthy "Rust Never Sleeps" tour, in which he played a wealth of new material. Each concert was divided into a solo acoustic set and an electric set with Crazy Horse. The electric sets, more furiously distorted than Young's work in the past, were later seen as a response to punk rock. One new song, "Hey Hey, My My (Into the Black)", was a centerpiece of the new material, and Young played it in both acoustic and electric renditions. Its blunt, but cryptic, lyrics have been among Young's most widely quoted ever since, addressing fame, commerce and rock n' roll, which according to Young's opening lines, "can never die." Young also compared the rise of Johnny Rotten with that of the recently deceased "King" Elvis Presley, who himself had once been disparaged as a dangerous influence only to later become an icon. Rotten returned the favour by playing one of Young's records on a London radio show, an early sign of Young's eventual embrace by a number of punk-influenced alternative musicians.

Young's two accompanying albums Rust Never Sleeps (new material, culled from live recordings, but featuring studio overdubs) and Live Rust (a mixture of old and new, and a genuine concert recording) captured the two sides of the concerts, with solo acoustic songs on side A, and fierce, uptempo, electric songs on side B. A movie version of the concerts, also called Rust Never Sleeps (1979), was directed by Young under the pseudonym Bernard Shakey. Young worked with rock artist Jim Evans to create the poster art for the film, using the "Star Wars" Jawas as a theme. Young's work since Harvest had alternated between being rejected by mass audiences and being seen as backward-looking by critics, sometimes both at once, and now he was suddenly viewed as relevant by a new generation, who began to discover his earlier work. Readers and critics of Rolling Stone voted him Artist of the Year for 1979 (along with The Who), selected Rust Never Sleeps as Album Of The Year, and voted him Male Vocalist of the Year as well. The Village Voice named Rust Never Sleeps as the year's winner in the Pazz & Jop Poll, a survey of nationwide critics, and honored Young as the Artist of the Decade.

Experimental years (1980–1988)[link]

The 1980s were often difficult times for Young, both personally and professionally. At the start of the decade, distracted by domestic medical concerns relating to his second disabled son, Ben, Young had little time to spend on writing and recording.^[54] After providing the incidental music to a 1980 biopic of Hunter S. Thompson entitled Where the Buffalo Roam, Young released Hawks & Doves, a short record pieced together from sessions going back to 1974.^[54] 1981's Re-ac-tor, an electric album recorded with Crazy Horse, also included material from the 1970s.^[55] Young did not tour in support of either album; in total, he played only one show, a set at the 1980 Bread and Roses Festival in Berkeley,^[56] between the end of his 1978 tour with Crazy Horse and the start of his tour with the Trans Band in mid-1982.

The 1982 album Trans, which incorporated vocoders, synthesizers, and electronic beats, was Young's first for new label Geffen Records (distributed at the time by Warner Bros. Records, whose parent Warner Music Group owns most of Young's solo and band catalog) and represented a distinct stylistic departure. Young later revealed that an inspiration for the album was the theme of technology and communication with his son Ben, who has severe cerebral palsy and cannot speak.^[58] An extensive tour preceded the release of the album, and was documented by the video Neil Young in Berlin, which saw release in 1986. MTV played the video for "Sample and Hold" in light rotation. The entire song contained "robot vocals" by Neil and Nils Lofgren of the E-Street Band.

Young's next album, 1983's Everybody's Rockin', included several rockabilly covers and clocked in at less than twenty-five minutes in length. Young was backed by the Shocking Pinks for the supporting U.S. tour. Trans had already drawn the ire of label head David Geffen for its lack of commercial appeal, and with Everybody's Rockin' following only seven months later, Geffen Records sued Young for making music "unrepresentative" of himself.^[59] The album was also notable as the first for which Young made commercial music videos – Tim Pope directed the videos for "Wonderin'" and "Cry, Cry, Cry". Also premiered in 1983, though little seen, was the eclectic full-length comedy film Human Highway, co-directed and co-written by Young, and starring Young, Dean Stockwell, Russ Tamblyn, Dennis Hopper and members of Devo.

1984 was the first year without a Neil Young album since the start of Young's musical career with Buffalo Springfield in 1966. Young's lack of productivity was largely due to the ongoing legal battle with Geffen, although he was also frustrated that the label had rejected his 1982 country album Old Ways.^[60] It was also the year when Young's third child, his second with wife Pegi, was born: his daughter Amber Jean, a child who was later diagnosed with inherited epilepsy. Young spent most of 1984 and all of 1985 touring for Old Ways with his country band, the International Harvesters. The album was finally released in an altered form midway through 1985. Young also appeared at that year's Live Aid concert in Philadelphia, collaborating with Crosby, Stills and Nash for the quartet's first performance for a paying audience in over ten years.

Young's last two albums for Geffen were more conventional in genre, although they incorporated production techniques like synthesizers and echoing drums that were previously uncommon in Young's music. Young recorded 1986's Landing on Water without Crazy Horse, but reunited with the band for the subsequent year-long tour and final Geffen album, Life, which emerged in 1987. Young's album sales dwindled steadily throughout the eighties; today Life remains his all-time-least successful studio album, with an estimated four hundred thousand sales worldwide.^[61]

Switching back to his old label Reprise Records, Young continued to tour relentlessly, assembling a new blues band called The Bluenotes in mid-1987 (a legal dispute with musician Harold Melvin forced the eventual rechristening of the band as Ten Men Working midway through the tour). The addition of a brass section provided a new jazzier sound, and the title track of 1988's This Note's For You became Young's first hit single of the decade. Accompanied by a video that parodied corporate rock, the pretensions of advertising, and Michael Jackson, the song was initially unofficially banned by MTV for mentioning the brand names of some of their sponsors. Young wrote an open letter, "What does the M in MTV stand for: music or money?" Despite this, the video was eventually named best video of the year by the network in 1989.^[62] By comparison, the major music cable network of Young's home nation, Muchmusic, ran the video immediately.

Young reunited with Crosby, Stills and Nash to record the 1988 album American Dream and play two benefit concerts late in the year, but the group did not embark upon a full tour. The album was only the second-ever studio record for the quartet.

Return to prominence (1989–1999)[link]

Young performing in 1996 in Turku, Finland

Young's 1989 single "Rockin' in the Free World", which hit #2 on the U.S. mainstream-rock charts, and accompanying album, Freedom, rocketed him back into the popular consciousness after a decade of sometimes-difficult genre experiments. The album's lyrics were often overtly political; "Rockin' in the Free World" deals with homelessness, terrorism, and environmental degradation, implicitly criticizing the government policies of President George H.W. Bush.^[63]

The use of heavy feedback and distortion on several Freedom tracks was reminiscent of the Rust Never Sleeps album, and foreshadowed the imminent rise of grunge. The rising stars of the genre, including Nirvana's Kurt Cobain and Pearl Jam's Eddie Vedder, frequently cited Young as a major influence, contributing to his popular revival. A tribute album called The Bridge: A Tribute to Neil Young was released in 1989, featuring covers by alternative and grunge acts including Sonic Youth, Nick Cave, Soul Asylum, Dinosaur Jr, and the Pixies.

Young's 1990 album Ragged Glory, recorded with Crazy Horse in a barn on his Northern California ranch, continued this distortion-heavy aesthetic. Young toured for the album with Orange County, California country-punk band Social Distortion and alternative rock pioneers Sonic Youth as support, much to the consternation of many of his old fans.^[64] Weld, a two-disc live album documenting the tour, was released in 1991.^[64] Sonic Youth's influence was most evident on Arc, a 35-minute collage of feedback and distortion spliced together at the suggestion of Sonic Youth's Thurston Moore and originally packaged with some versions of Weld.^[64]

1992's Harvest Moon marked an abrupt return to the country and folk-rock stylings of Harvest and reunited him with some of the musicians from that album, including singers Linda Ronstadt and James Taylor. The title track was a minor hit and the record was well received by critics, winning the Juno Award for Album of the Year in 1994. Young also contributed to Randy Bachman's nostalgic 1992 tune "Prairie Town," and garnered a 1993 Academy Award nomination for his song "Philadelphia", from the soundtrack of the Jonathan Demme movie of the same name. An MTV Unplugged performance and album emerged in 1993. Later that year, Young collaborated with Booker T. and the M.G.s for a summer tour of Europe and North America. Some European shows ended with a rendition of "Rockin' in the Free World" played with Pearl Jam, foreshadowing their eventual full-scale collaboration two years later.

In 1994 Young again collaborated with Crazy Horse for Sleeps with Angels, a record whose dark, sombre mood was influenced by Kurt Cobain's death earlier that year: the title track in particular dealt with Cobain's life and death, without mentioning him by name. Cobain had quoted Young's lyric "It's better to burn out than fade away" (a line from "My My, Hey Hey") in his suicide note. Young had reportedly made repeated attempts to contact Cobain prior to his death.^[65] Still enamored with the grunge scene, Young reconnected with Pearl Jam in 1995 for the live-in-the-studio album Mirror Ball and a tour of Europe with the band and producer Brendan O'Brien backing Young. 1995 also marked Young's induction into the Rock and Roll Hall of Fame, where he was inducted by Eddie Vedder.

"Young has consistently demonstrated the unbridled passion of an artist who understands that self-renewal is the only way to avoid burning out. For this reason, he has remained one of the most significant artists of the rock and roll era." – Rock and Roll Hall of Fame website.^[66]

Young's next collaborative partner was filmmaker Jim Jarmusch, who asked Young to compose a soundtrack to his 1995 black and white western film Dead Man. Young's instrumental soundtrack was improvised while he watched the film alone in a studio. The death of longtime mentor, friend, and producer David Briggs in late 1995 prompted Young to reconnect with Crazy Horse the following year for the album and tour Broken Arrow. A Jarmusch-directed concert film and live album of the tour, Year of the Horse, emerged in 1997. From 1996–97 Young and Crazy Horse toured extensively throughout Europe and North America, including a stint as part of the H.O.R.D.E. Festival's sixth annual tour.

In 1998, Young renewed his collaboration with the rock band Phish, sharing the stage at the annual Farm Aid concert and then at Young's Bridge School Benefit, where he joined headliners Phish for renditions of "Helpless" and "I Shall Be Released."^[67] Phish declined Young's later invitation to be his backing band on his 1999 North American tour.

The decade ended with the release in late 1999 of Looking Forward, another reunion with Crosby, Stills and Nash. The subsequent tour of the United States and Canada with the reformed super quartet earned US$42.1 million, making it the eighth largest grossing tour of 2000.

Renewed activism and brush with death (2000s)[link]

Neil Young continued to release new material at a rapid pace through the first decade of the new millennium. The studio album Silver & Gold and live album Road Rock Vol. 1 were released in 2000 and were both accompanied by live concert films. His 2001 single "Let's Roll" was a tribute to the victims of the September 11 attacks, and the effective action taken by the passengers and crew on Flight 93 in particular.^[68] At the "America: A Tribute to Heroes" benefit concert for the victims of the attacks, Young performed John Lennon's "Imagine" and accompanied Eddie Vedder and Mike McCready on "Long Road", a Pearl Jam song that was written with Young during the Mirrorball sessions. "Let's Roll" was included on 2002's Are You Passionate?, an album mostly composed of mellow love songs dedicated to Young's wife, Pegi, backed by Booker T & the MGs.