Mmm, Coco Crisp
I’m only posting this so I can say: the Sox got enough of that Coco Crisp.
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Entries for November 2008
The known and boring
The first line of Tyler Cowen’s review of Outliers, Malcolm Gladwell’s new book:
The book is getting snarky reviews but if it were by an unknown, rather than by the famous Malcolm Gladwell, many people would be saying how interesting it is.
Bing! I can identify with the fatigue one can get after reading too much of the same sort of thing from an author (even a favorite author), but dismissing a book because of who writes it rather than what’s written is small-minded and incurious.
Williams Poems
Inspired by Emmett Williams, a practitioner of concrete poetry, Rob Giampietro has written three poems: Wastebasket, Snowflakes, and Spraypaint.
Giampietro has put out a call for someone to develop a Williams Word Generator. Drop him a line if you can help out…shouldn’t be too much different than the many “words within words” generators scattered around the web.
Silver Towers get landmark status
Filed under things I really don’t understand: Silver Towers/University Village, part of a residential superblock complex in Greenwich Village and designed by I.M. Pei, has been granted landmark status by New York City Landmarks Preservation Commission. Said the Greenwich Village Society for Historic Preservation, who battled to preserve the buildings:
Silver Towers is the first post-war urban renewal superblock development in New York City to be landmarked. While such urban renewal projects rarely receive high marks for design, Silver Towers is considered a watershed moment for one of the late 20th century’s most respected and influential architects. The design won awards from the American Institute of Architects and the City Club, was dubbed “one of ten buildings that climax an era” by Fortune Magazine, and was cited as a basis for which Pei received the 1983 Pritzker Prize — the most prestigious award for architects — for his body of work up to that time. Landmarking Silver Towers not only helps preserve an eminently livable place and honors a great work of architecture, but it also acknowledges the importance of our city’s past efforts to create affordable housing and public art.
These may or may not be great buildings, but that whole complex is just this big sucky void between the Village and Soho that no one can get rid of now. Blech.
Snoop Dogg on Martha Stewart
If you can stomach more than 30 seconds of it, here’s Snoop Dogg on Martha Stewart making cognac mashed potatoes. Here’s part 2, in which Snoop and Martha compare posses — bodyguards in Snoop’s case and personal assistants for Martha. One of commenters on YouTube correctly notes that Stewart has spent more time in jail than Snoop.
Visual movie reviews
I enjoyed these visual movie reviews, especially There Will Be Blood (“this is just pretentious afterbirth”) and The Darjeeling Limited.
Five physics lessons for Obama
Five quick physics lessons for President-Elect Obama from the author of Physics for Future Presidents (@ Amazon). One of the lessons: nuclear power is the way to go.
It’s true that after 300 years, nuclear waste is still about 100 times more radioactive than the original uranium that was removed from the earth. But even this isn’t as scary as it sounds. If the waste is stored underground in such a way that there’s only a 10 percent chance that 10 percent of it will leak — which should be more than doable — the risk will be no worse than if we had never mined the uranium in the first place.
Muller asserts that safe nuclear power is a solved technical problem and that the use of it is a political issue.
Flash game: Splitter
Wednesday noontime timewasting game: Splitter. Reminiscent of Crayon Physics and Fantastic Contraption, but you should be able to finish it by the time your lunch break is over.
Hoop Dreams update
The Chicago Tribune gives us an update on the two young men featured in Hoop Dreams, the award-winning documentary about high school basketball stars trying to make their way through life and, hopefully, to the NBA.
Gates, the reserved one, has become an authoritative force who leads a church in the Cabrini area. He is married with four kids. Agee, a spirited charmer, doesn’t have a regular job but is launching a line of “Hoop Dreams” apparel. He has five kids by five different women.
Agee also spends time working on his non-profit foundation that works with underprivileged kids. Hoop Dreams is available in its entirety for US viewing on Hulu.
A Matter of Loaf and Death
A Matter of Loaf and Death, the Wallace and Gromit short formerly known as Trouble At’ Mill, will be shown on the Beeb in the UK at the end of December.
In this new masterpiece viewers will catch up with Wallace and Gromit who have opened a new bakery — Top Bun — and business is booming, not least because a deadly Cereal Killer is targeting all the bakers in town so competition is drying up. Gromit is worried that they may be the next victims but Wallace couldn’t care — he’s fallen head over heels in love with Piella Bakewell, former star of the Bake-O-Lite bread commercials. So Gromit is left to run things on his own when he’d much rather be getting better acquainted with Piella’s lovely pet poodle Fluffles.
Rumor is that a US showing will soon follow.
Trailer for 2012
Oh, Roland Emmerich, you know how to push my buttons. As an unapologetic fan of The Day After Tomorrow, I am vibrating on my chair in anticipation for 2012 (click for HD trailer, yadda yadda).
Never before has a date in history been so significant to so many cultures, so many religions, scientists, and governments. ‘2012’ is an epic adventure about a global cataclysm that brings an end to the world and tells of the heroic struggle of the survivors.
And John Cusack is in it! BTW, the music is from the trailer for The Shining. (via sarahnomics)
Former Sonics fan files for free agency
When the Seattle Supersonics up and moved to Oklahoma to become the Oklahoma City Thunder, Sonics fan John Moe became a fan free agent. He arranged recruiting calls and visits with several teams around the league to see if they would have him.
So was he welcoming me aboard then?
“I am absolutely welcoming you into our franchise. We could use some [Timberwolves] fans right now. You’re part of the blueprint. Absolutely.”
I thanked him for the offer but told him I had other teams to talk to.
Ant architecture
It’s worth sitting through the annoying “in a world…” narration to see the structure of an immense colony of ants. The scientists poured 10 tons of concrete down into an abandoned ant colony, waited for it to harden, and then spent weeks excavating the results.
During the construction of the giant structure, it’s estimated that the ants hauled 40 tons of dirt out of the holes, the equivalent of building the Great Wall of China. (via cyn-c)
Update: The ant colony was not abandoned. Nice work, scientists!
Life magazine photographs online
Wow, Google is hosting millions of photographs from Life magazine from the 1860s to the 1970s. Would have been nice to see these on Flickr instead (so that people could add tags, annotate, etc.), but this is an amazing resource. (via df)
Beards and Moustaches
Collected from here. Larger version is available here for all your tiling background needs (no direct linking please…transfer it to your server first, you barbarian).
Driving simulator for fruit flies
First, a fruit fly is tethered to a rod with a cylindrical LED display around it. The display shows geometric patterns that are known to make a fruit fly move left or right - a kind of virtual reality simulator for flies. Since the fly is tethered, it can’t actually move, but it tries to anyway. “The fly’s pretty dumb,” says roboticist Brad Nelson, who created the “flyborg” with colleagues at the Swiss Federal Institute of Technology Zurich.
The patterns on the display are triggered by images transmitted from a camera mounted on a miniature robotic car. If the car approaches an obstacle, the display shows the appropriate pattern and the fly reacts accordingly. As it does so, another camera detects minute changes in the movements of its wings. “We measure the lift force and kinematics in real time,” says Nelson.
The goal is to figure out how the fly makes decisions about movement so that those decisions can be replicated by a computer.
Advice for young photographers
Alec Soth asks a bunch of photographers a) when did you first get excited about photography? and b) what advice would you give young photographers?
Don’t stop questioning yourself (it’ll make you less arrogant). Push. Push, scratch, dig… Push further… And stop when you don’t enjoy it anymore… But most of all respect those you photograph…
(via conscientious)
Thomas Kinkade’s 16 Guidelines for Making Stuff Suck
Schlocky painter Thomas Kinkade recently made a film and during the production distributed a list of what Vanity Fair calls Thomas Kinkade’s 16 Guidelines for Making Stuff Suck.
12) Surprise details. Suggest a few “inside references” that are unique to this production. Small details that I can mention in interviews that stimulate second or third viewings — for example, a “teddy bear mascot” for the movie that appears occasionally in shots. This is a fun process to pursue, and most movies I’m aware of normally have hidden “inside references”. In the realm of fine art we refer to this as “second reading, third reading, etc.” A still image attracts the viewer with an overall impact, then reveals smaller details upon further study.
Lemonade Stand for the iPhone
Lemonade Stand, a remake of the popular Apple II game of the same title, is now available on the iPhone (@ iTunes Store). Everything I know about business I learned from playing Lemonade Stand.
Quantum of Solace book design
Lovely design for Penguin’s book of Bond short stories, Quantum of Solace.
The book collects together all of Ian Fleming’s Bond short stories in a single volume for the first time and includes stories that inspired the Bond film classics From a View to a Kill, For Your Eyes Only, Octopussy, The Living Daylights and of course, Quantum of Solace, the latest in the series.
I love the Penguin logo incorporated into the 007 on the back cover.
iTunes U, tons of free educational materials
iTunes U is a section of the iTunes store that houses educational audio and video files for free use by anyone.
iTunes U is a part of the iTunes Store featuring free lectures, language lessons, audiobooks, and more, that you can enjoy on your iPod, iPhone, Mac or PC. Explore over 75,000 educational audio and video files from top universities, museums and public media organizations from around the world. With iTunes U, there’s no end to what or where you can learn.
Check it out in the iTunes Store. iTunes U includes the formidable series of podcasts from the University of Oxford. (via vsl)
Trailer for J.J. Abrams’ Star Trek movie
You might have seen the grainy cockeyed bootleg trailer over the weekend but now the real deal is up on Apple’s site in various HD-grade qualities: the second trailer for J.J. Abrams’ new Star Trek movie. From Wikipedia:
It is the eleventh Star Trek film and features the main characters of the original Star Trek series, who are portrayed by a new cast. It follows James T. Kirk enrolling at Starfleet Academy, his first meeting with Spock, and their battles with Romulans from the future, who are interfering with history.
I’m not a proponent of the idea that any Trek is good Trek so I really want to hate this movie but it looks kind of awesome. At least f’ing McG didn’t direct.
Wired UK covers
Phil Gyford has posted scans of all the covers of Wired UK, a British version of Wired that existed from 1995 to 1997. I stayed at Phil’s flat once and marveled at this collection…it’s nice to see these online.
Update: Some old Wired Japan covers can be found here and here. (thx, anthony)
So long, fish
Mark Bittman talks about the problems with overfishing and the prospect that in the future, most or all of the fish we eat will be farmed.
The biggest consumers of these smaller fish are the agriculture and aquaculture industries. Nearly one-third of the world’s wild-caught fish are reduced to fish meal and fed to farmed fish and cattle and pigs. Aquaculture alone consumes an estimated 53 percent of the world’s fish meal and 87 percent of its fish oil. (To make matters worse, as much as a quarter of the total wild catch is thrown back — dead — as “bycatch.”)
This infographic about overfishing is worth a look. It’s a pity that Bittman felt compelled to write this from the “snob” point of view (which was exacerbated by the editor’s choice of title). As the article makes clear, overfishing is an important issue that affects the earth’s entire population, not just a few picky fish eaters.
Michael Jordan beat 1-on-1
At one of Michael Jordan’s basketball camps back in 2003, the NBA star was beaten in a game of 1-on-1 by John Rogers, the CEO of a Chicago investment firm. See also LeBron James getting beat at HORSE.
Update: Rogers also regularly hoops it up with Barack Obama.
Obama’s fireside chats on YouTube
Aha, Obama will be doing online fireside chats, but in video format on YouTube.
Online political observers say President-elect Obama’s innovative, online-fueled campaign will likely evolve into a new level of online communication between the public and the White House — the Internet-era version of President Franklin Roosevelt’s famous “fireside chats” between 1933 and 1944.
Here’s Obama’s first video address as President-Elect. His transition team, potential cabinet members, and other experts will also be recording videos in the coming weeks.
Spam’s fortunes rise and fall
The amount of spam email decreased by more than 66% last week after a single company was knocked offline by their ISP after the Washington Post dug into their activities. But sales of Spam, the midwestern delicacy, are up, up, up because of the crappy economy.
Through war and recession, Americans have turned to the glistening canned product from Hormel as a way to save money while still putting something that resembles meat on the table. Now, in a sign of the times, it is happening again, and Hormel is cranking out as much Spam as its workers can produce.
In a factory that abuts Interstate 90, two shifts of workers have been making Spam seven days a week since July, and they have been told that the relentless work schedule will continue indefinitely.
People are also buying fewer socks and more frozen pot pies. And Spam can be added to the list of unlikely economic indicators, joining sushi, Big Macs, cigarettes, and others.
Update: Oh, and lipstick.
An indicator based on the theory that a consumer turns to less expensive indulgences, such as lipstick, when she (or he) feels less than confident about the future. Therefore, lipstick sales tend to increase during times of economic uncertainty or a recession.
(thx, dann)
20x200
Thanks to this week’s kottke.org RSS sponsor, 20x200, a site that sells limited edition art for low prices…it’s “art for everyone”. Each week the site features two pieces of new art for sale in small-sized editions of 200 for $20, medium-sized editions of 20 for $200, and large-sized editions of 2 for $2000. This is real art — all prints come with a certificate signed and numbered by the artist — for about the same as you would spend for a poster or wall decoration at Target or Ikea.
The best way to enjoy 20x200 is to sign up for the newsletter or follow the site’s RSS feed and when something you like comes along, nab it. My wife and I have bought a few things from 20x200 this way, most recently a special edition $50 print of 132 Birds at The American Museum of Natural History by Jason Polan.
Battle of the HD video cameras
Now that the Flip has released their handheld digital HD video camera, here’s a little rundown of the offerings currently out there and coming soon.
Kodak Zi6 - 128MB of built-in memory, expandable to 32GB, 720p, 1280x720 at 60 fps, 2.4 in. LCD, AA rechargable batteries. $180. (Video sample.)
Flip Video MinoHD - 4GB of built-in memory (~60 min of video), 720p, 1280x720 at 30 fps, 1.5 in. LCD, very slim handheld. $229. (Video sample.)
Nikon D90 SLR - expandable SD memory, 720p, 1280x720 at 24 fps for 5 minutes at a time, 3 in. LCD, and almost every single setting and control that’s available on a SLR camera. $1200. (Video samples.)
Canon 5D Mark II SLR - expandable CF memory, 1080p, 1920x1080 at 24 fps for 30 minutes at a time, 3 in. LCD, and almost every single setting and control that’s available on a SLR camera. $2700. (Video sample.)
Red One - Not going to list the specs on this one, except to to say that you can shoot whole feature length movies on this thing at a higher resolution for less money than pretty much any other camera out there, digital or otherwise. $17500. (Gorgeous video sample.)
European Wildlife Photographer of the Year 2008
Check out the winners of the European Wildlife Photographer of the Year 2008 competition…lots of amazing photography here. Warning: the winning image is a little disturbing for the faint of heart.
Final photos
A list of final photographs taken of people before they died. Included Marilyn Monroe, Albert Einstein, and Adolf Hitler. (via cyn-c)
Female bodybuilders
Photos of women bodybuilders. If you cover up the faces with your hands, they look like men in bikini tops and if you cover up the bodies, meth addicts.
Live chat with Radiolab’s Jad Abumrad
Afternoon todo list -
3pm: Listen to Radiolab’s season premiere about Choice live on WNYC or online.
4pm: After the show’s over, head on over to The Morning News for their inaugural TMN Talk, a live text chat with Radiolab’s Jad Abumrad. The chat will begin here at 4pm.
Cory Arcangel, Adult Contemporary
Cory Arcangel has a new show opening tonight at Team Gallery in Soho called Adult Contemporary. I got a peek at it last night and my favorite piece is called Photoshop CS: 110 by 72 inches, 300 DPI, RGB, square pixels, default gradient “Spectrum”, mousedown y=1098 x=1749.9, mouse up y=0 4160 x=0. It’s easy enough to whip up your own by following those instructions in Photoshop but the print itself is gorgeous. When you get up close to it, there is no discernible gradation between the colors and, because it’s so uniform and smooth and glossy and big, you lose your sense of depth perception and you don’t really know how close you are to it. I almost fell over looking at it because I was so disoriented.
Timeline Twins, Music and Movies
When I was a kid, “oldies” music and movies seemed ancient. Even though I’m now in my 30s, the entertainment that I watched and listened to in my youth still feels pretty recent to me. Raiders of the Lost Ark wasn’t all that long ago, right? But comparing my distorted recall of childhood favorites to the oldies of the time jogs my memory in unpleasant ways. For example:
Listening to Michael Jackson’s Thriller today is equivalent to listening to Elvis Presley’s first album (1956) at the time of Thriller’s release in 1982. Elvis singles in 1956 included Blue Suede Shoes, Hound Dog, and Love Me Tender.
If you’re around my age, how old do you feel right now? Here are some other examples of timeline twins:
Watching Star Wars today is like watching It’s a Wonderful Life (1946) in 1977. It’s a Wonderful Life was nominated for an Oscar the following year along with Ethel Barrymore (b. 1879) and Lilian Gish (b. 1893).
Listening to Nirvana’s Smells Like Teen Spirit today is equivalent to playing Terry Jack’s Seasons In The Sun (1974) in 1991.
Watching The Godfather today is like watching Charlie Chaplin’s Modern Times (1936) in 1972. Modern Times was a silent film (Chaplin’s last).
Listening to the Sex Pistols’ Never Mind the Bollocks (1977) today…well, they didn’t really have rock or pop albums back in 1946. But popular songs on the radio were sung by Frank Sinatra, Perry Como, Nat King Cole, and Dinah Shore, as well as many performers and their orchestras.
Back to the Future (1985) —> To Kill a Mockingbird (1962)
Die Hard (1988) —> Bullitt (1968)
Radiohead, OK Computer (1997) —> Bon Jovi, Slippery When Wet (1986)
Somebody who’s imaginary
Transgender Americans are finding increasing support for their gender identities in unusual places: the so-called red states. In a small Colorado city, parents and the school administration were initially upset with the transition of a student’s gender from boy to girl, but other students were not.
But on the first day of school, nothing happened. No flood of calls, no angry protests, and no bullying. Michelle was “happy and shocked” that M.J.’s classmates seemed to get it. When one student made a mocking comment to another using M.J.’s former name, one eighth-grade boy dismissed him with a simple insight. “That person doesn’t even exist anymore,” he said. “You’re talking about somebody who’s imaginary.”
(via clusterflock)
Overparenting
Joan Acocella discussed the current state of overparenting, aka spoiling, helicopter parenting, hothouse parenting, or death-grip parenting.
Marano thinks that the infant-stimulation craze was a scandal. She accepts the idea of brain plasticity, but she believes that the sculpting goes on for many years past infancy and that its primary arena should be self-stimulation, as the child ventures out into the world. While Mother was driving the kid nuts with the eight-hundredth iteration of “This Little Piggy,” she should have been letting him play on his own. Marano assembles her own arsenal of neurological research, guaranteed to scare the pants off any hovering parent. As children explore their environment by themselves-making decisions, taking chances, coping with any attendant anxiety or frustration-their neurological equipment becomes increasingly sophisticated, Marano says. “Dendrites sprout. Synapses form.” If, on the other hand, children are protected from such trial-and-error learning, their nervous systems “literally shrink.”
Pixar spoof video
Now that Luxo Jr. is 22 years old, he’s interested in more than just chasing beach balls around. NSFW if videos of animated masturbating household furnishings aren’t safe to view in your workplace. There are a bunch of other Pixar spoof videos featuring variations on the Pixar lamp…from “state of the art” in 1986 to “anyone with some 3-D animation software can upload to YouTube” in 2008.
New York in the 1930s
A lovely photo set of New York City from the 1930s. My favorites are the crowded beach scene at Coney Island, Margaret Bourke-White’s shot of hats in the Garment District, and a shot of “the Lung Block” on the Lower East Side. In due time, that then-notorious but now-beautiful block was razed to make way for one of Manhattan’s first large apartment complexes, Knickerbocker Village which at various times housed several members of the Bonnano crime family and Julius & Ethel Rosenberg. (thx, mark)
The Buffalo Commons
Alex Tabarrok proposes that now is a good time for the US government to form the Buffalo Commons, a huge nature preserve in the western US.
The western Great Plains are emptying of people. Some 322 of the 443 Plains counties have lost population since 1930 and a majority have lost population since 1990. Now is the time for the Federal government to sell high-priced land in the West, use some of the proceeds to deal with current problems and use some of the proceeds to buy low-priced land in the Plains creating the world’s largest nature park, The Buffalo Commons.
According to this map, the US government owns more than 50% of the land in some western states (Nevada 84.5%, Utah 57.4%, Oregon 53.1%, Arizona 48.1%, California 45.3%).
Row, Row, Row Your Boat into the black void of nothingness
Hmm, I’ve never heard the nihilist interpretation of Row, Row, Row Your Boat before.
The lyrics have often been used as a metaphor for life’s difficult choices, and many see the boat as referring to one’s self or a group with which one identifies. Rowing is a skillful, if tedious, practice that takes perfection but also directs the vessel. When sung as a group, the act of rowing becomes a unifier, as oars must be in sync in a rowboat. The idea that man travels along a certain stream, suggests boundaries in the path of choices and in free will. The third line recommends that challenges should be greeted in stride while open to joy with a smile. The final line, life is but a dream, is perhaps the most meaningful. With a religious point of view, life and the physical plane may be regarded as having equivalent value as that of a dream, such that troubles are seen in the context of a lesser reality once one has awakened. Conversely, the line can just as equally convey nihilist sentiments on the meaninglessness of man’s actions. The line is also commonly sung as “life is like a dream” rather than “life is but a dream”, possibly to sound happier, less meaningful, and more appropriate for its audience of young children.
High quality YouTube video hack
You may have noticed that the video of Burn-E I embedded looked a bit better than a normal YouTube video. YouTube has been quietly offering high-quality versions of some of their videos for quite some time via a “watch in high quality” link just underneath the player. It’s not HD, but it’s definitely an upgrade of YouTube’s legendarily crappy video quality. By default all videos on YouTube and embedded on other sites load at normal quality, but there’s a way to set your default viewing quality to high, link to high quality video, embed HQ video, and even save HQ videos for later viewing.
Set your default viewing quality to high:
When you’re logged in, go to Account / Playback Setup / Video Playback Quality and set the option to “I have a fast connection. Always play higher-quality video when it’s available.”
Linking to YouTube videos in high quality:
If you need to link to a high quality video on your blog, append &fmt=18 onto the end of the YouTube URL, like so:
http://www.youtube.com/watch?v=MuqiGrWBRqE&fmt=18
Upon arriving at the YouTube page, you’ll see the highest quality video that YouTube pushes out. The full technical details are available here…basically it’s a mp4 encoded using H.264 with stereo AAC sound at 480x360.
Embedding high quality YouTube videos:
The &fmt=18 trick doesn’t work here, but a similar trick does. For each of the URLs in the embeddable code that you get from YouTube, add &ap=%2526fmt%3D18 onto the end, like so:
Saving high quality YouTube videos:
When you’re viewing a high quality video on YouTube, you can use the KeepVid bookmarklet to download the mp4 file for later viewing on your computer, iPod, or iPhone. I tested this with the Burn-E video and the resulting mp4 was in letterbox format (480x198, or roughly the standard 2.40:1 aspect ratio).
BTW, here’s a comparison of the low and high quality for the same video.
Low quality:
High quality:
Sources: Yahoo! Tech, jimmyr.com, My Digital Life.
Update: I switched the example videos and code because YouTube took the Burn-E video down.
Update: I got an email from a YouTube engineer who tells me that format 18 isn’t even the highest quality you can get. Check out Dancing Matt in format 22, aka 720p. Furthermore, some videos don’t have a format 18 version (if the uploaded movie doesn’t have sufficient quality, for instance). (thx, phil)
Pixar’s Burn-E
Pixar presents the adventures of Burn-E, a robot contemporary of Wall-E.
The events in Burn-E’s short film take place concurrent with those in the feature film.
Update: YouTube just took the video down at Pixar’s request. If you missed it, check it out here. (thx, jose)
Really busy Brooklyn
For his Fabric of Brooklyn project, Tom Mason took photos of scenes in Brooklyn and combined them to depict super-bustling neighborhoods. Reminded me of this wonderful composite image of a busy airport by Ho-Yeol Ryu.
Pictures of Numbers blog
Pictures of Numbers is infrequently updated, but the subject matter is timeless and the archives are worth a look.
Pictures of Numbers is a book-project-in-progress, consisting of practical tips and techniques for busy researchers on improving their data presentation.
1600 Pennsylvania Avenues
David Friedman used Google Maps Street View to see what America’s other 1600 Pennsylvania Avenues look like. Perhaps when Bush leaves office, he can buy the fixer-upper at 1600 Pennsylvania Ave in Dallas, TX as a retirement home.
Sea Orchestra
Sea Orchestra is a nice animated commercial for United Airlines done by Shy the Sea. As lovely as it is, the “making of” video — which reveals reference materials, initial sketches, and storyboards — might be even better. (thx, dave)
Arrested Development
I’m seeing Lost on the side right now (sssh, don’t tell Meg) but for the most part, we’re a one-at-a-time family with respect to TV shows. With Mad Men on hiatus for who knows how long and spurred by a current lack of cable TV, we finally settled in to watch a few episodes of Arrested Development on Hulu (the whole show is on there) and promptly hopped on the bandwagon for this now-cancelled masterpiece. Great stuff.
The end of Wall Street and Michael Lewis’ new “fucking book”
Michael Lewis takes a look at the current financial crisis and traces its roots back to the 1980s and the events chronicled in his book, Liar’s Poker. He begins by introducing us to some analysts and investors that saw the whole thing coming. One of those people is Steve Eisman.
“We have a simple thesis,” Eisman explained. “There is going to be a calamity, and whenever there is a calamity, Merrill is there.” When it came time to bankrupt Orange County with bad advice, Merrill was there. When the internet went bust, Merrill was there. Way back in the 1980s, when the first bond trader was let off his leash and lost hundreds of millions of dollars, Merrill was there to take the hit. That was Eisman’s logic-the logic of Wall Street’s pecking order. Goldman Sachs was the big kid who ran the games in this neighborhood. Merrill Lynch was the little fat kid assigned the least pleasant roles, just happy to be a part of things. The game, as Eisman saw it, was Crack the Whip. He assumed Merrill Lynch had taken its assigned place at the end of the chain.
It’s a fantastic article, well worth reading to the end…the final dozen paragraphs are the best part of the whole thing. Who knew deviled eggs were so pregnant with metaphor?
As I was reading the article, Matt Bucher dropped a note into my inbox. As hoped for months ago, Lewis is writing a book about this whole mess.
MONEYBALL and THE BLIND SIDE author Michael Lewis’s untitled behind-the-scenes story of a few men and women who foresaw the current economic disaster, tried to prevent it, but were overruled by the financial institutions with whom they worked, sold to Star Lawrence at Norton, by Al Zuckerman at Writers House (NA).
The Portfolio piece will definitely find itself into the book, as will this piece on Meredith Whitney, this one on Goldman Sachs, Lewis’ subprime parable, and other pieces from Bloomberg, Porfolio, and his upcoming gig at Vanity Fair. One question though…what happens to Lewis’ forthcoming book on New Orleans? Did that just disappear?
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