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Saint Paul Newman

September 28, 2008 in Life, News, Past | 6 comments

Great remembrance of Paul Newman by Manohla Dargis in the NY Times. (I’d like to beg forgiveness for the annoying login required by the Times, but I won’t. It’s just plain wrong for the Times to retain that friction after it’s bothered to open its content anyway.)

My own favorite Newman moves are later ones: The Verdict, Nobody’s Fool, Empire Falls. As a journalist, I have a special appreciation for Absence of Malice, where the best performance actually belonged to Wilford Brimley, playing himself, essentially. In it Newman is by turns both passionate and, as Dargis puts it, cooler than dry ice.

He was, finally and enduringly, a good man. You knew that. It came across in his acting and his life. He’s a guy I wish I had known. Sad to see him go.

Thoughts atop the cliff

September 28, 2008 in Blogging, Business, Future, Ideas, infrastructure, Life, News, Past, Politics, problems, Travel, VRM | 13 comments

In his comment here, Mike Warot encourages me — and the rest of us — to watch this video by Karl Denninger, whose blog is here.

I did. It’s good. But I’m not sure Denninger is right. Or all-right, let’s say. Just somewhat.

Here’s the problem as I currently see it. (And I’m no economist. This is just me, one citizen trying to make sense of something that I’ve hardly paid attention to in the past. So take this with an acre of salt if you like.)

Yes, the system is rigged and corrupt. Yes, the Fed and Treasury have been messing up for decades. (As Kevin Phillips will tell you.) Yes, federal power has gone over the top here. Whoever heard of the Office of Thrift Supervision before it swooped in and sold WaMu to JP Morgan Chase? At least there’s some common sense involved with banking, and “trift” (a term that now feels euphemistic in a statist way, like “corrections”). Banking got sucked into runaway shell games, in which empty vessels multiplied and divided, as whole institutions with MBA-packed buildings grew to manage and manipulate them. Solidity and liquidity were both replaced by gasseosity — but in sectors of Xtreme Arcana that nobody outside fully understood. Thus we’ve had inflation for years, and have put off facing it, because it was hidden and the System seemed to be working.

Meanwhile the whole country became infected with the sickness of making money only for its own sake, backed by little resembling work or manufacture — a trend we’ve been seeing since the Carter administration.

The “free market” in finance has always been rigged by its Alpha beasts, its lobbied legislators and its regulators, to favor growth. But lost in this long round has been elementary horse sense about what’s actually valuable, what actually produces goods and services, what’s free and what’s not. Growth in this long round has had many costs, and we’re not even close to visiting all of them.

Perhaps it’s in our nature, with economic evidence going back to tulip bulbs. But I think it goes deeper than that. Our species pestilential and rapacious on a scale the planet has never seen before. It can rationalize chewing irreplaceable valuables out of the ground and seas, using them up and spreading its wastes everywhere. This cost-blind nature — is made manifest in a financial system that best rewards games built on games that are almost nothing but rationalizations — worse, of a sort that only its rationalizers can understand. The financial sector has become a casino in which the highest rollers have bought the house and rigged every game to pay off by splitting winnings to bet on other rigged games, while the rest of us say “Great!”, because we’re in there playing too: betting on worthless stocks, buying overpriced houses on easy credit with negative equities, running up credit card bills while thinking nothing of paying monthly interest rates north of 20%.

This “free market” was a free-for-all in which even its hands-off regulators participated. All while the country went from being the world’s leading manufacturer and creditor to the world’s leading out-sourcer and debtor — with the load now running into the dozens of trillions of dollars. Remember that we voted for the people who presided over that.

It’s tempting to blame and punish, but that isn’t what we need now. What we need is for credit to keep moving while the financial sector gradually shrinks to sane dimensions, with value that rises from 1/1 relationships between reality and perception — or at least a fair chance that good ideas will turn into good business. (I don’t want to throw smart investor babies out with the dumb investor bathwater.)

I don’t know if this $.7 trillion bill will do that. I do have a strong hunch about what will happen if it doesn’t. Or if we do nothing and let nature take its course. The entire financial sector will collapse, and the government won’t be able to print enough money to pay off its own and everybody else’s creditors, starting with China. Businesses of all kinds will close, and all but a few public utilities will cease to run smoothly. With weak manufacturing, absent small farming and other graces of traditional functioning societies, we’ll fall into a depression as bad or worse than the Great one. Cities will fail and crime will go rampant. And we’ll bore our grandchildren with stories of what it was like to hike ten miles through the snow to work at the only shit jobs that were left.

I believe this is what Warren Buffett also sees when he compares the current crisis to Pearl Harbor. I believe Buffett because he got wealthy by being sensible and prudent, and very much not of a type with those that have made a mess of the financial system.

Or so it seems to me on a Sunday morning just short of the precipice.

Oh, and I don’t hear either candidate talking about what’s really going on here. Nor do I expect them to.

Fewer degrees of separation

September 27, 2008 in Art, Past, Places | Permalink

Stephen Lewis latest, New York Women: Self-Vetting, My Aunt Estelle, and Haikus for Sale, visits the locus and origins of his firmly grounded sensibilities — for example, our distinctly New York senses of humor and our mutual stubbornly-held convictions that work involves heavy-lifting and adding of value rather than flim-flam, image building, and manipulation.

The first comment says the post “flows as naturally as anything I’ve read”. Agreed. The second is my reminder to us both that there’s still another connection, through Nathalie Goldman’s Writing Down the Bones.

The Live Web

September 26, 2008 in Blogging, Future, Ideas, infrastructure, Life, Past | 47 comments

The other day I was sitting in the company of leaders in one industrial category. (I won’t say which because it’s beside the point I want to make.) A question arose: Why are there so few visitors to our websites? Millions use their services, yet few bother with visiting their sites, except every once in awhile.

The answer, I suggested, was that their sites were buildings. They were architected, designed and constructed. They were conceived and built on the real estate model: domains with addresses, places people could visit. They were necessary and sufficient for the old Static Web, but lacked sufficiency for the Live one.

The Web isn’t just real estate. It’s a habitat, an environment, an ever-increasingly-connected place where fecundity rules, vivifying business, culture and everything else that thrives there. It is alive.

The Live Web isn’t just built. It grows, adapts and changes. It’s an environment where we text and post and author and update and tweet and syndicate and subscribe and notify and feed and — and yell and fart and say wise things and set off alarms and keep each other scared, safe or both. It’s verbs to the Static Web’s nouns. It is, in a biological word that has since gone technical, generative. And thus it calls Whitman to mind:

Stop this day and night with me and you shall possess
the origin of all poems,
You shall possess the good of the earth and sun…
there are many millions of suns left,
You shall no longer take things at second or third hand
nor look through the eyes of the dead,
nor feed on the spectres in books.

You shall not look through my eyes either,
nor take things from me.
You shall listen to all sides and filter them for yourself…

I have heard what the talkers were talking.
The talk of the beginning and the end.
But I do not talk of the beginning or the end.
There was never any more inception than there is now,
Nor any more youth or age than there is now;
And will never be any more perfection than there is now,
Nor any more heaven or hell than there is now.

Urge and urge and urge,
Always the procreant urge of the world.
Out of the dimness opposite equals advance…
Always substance and increase,
Always a knit of identity… always distinction…
always a breed of life.

This is what I see when I look at Twitter Search. It’s what I see in my aggregator, in FriendFeed, in Technorati and Google Blogsearch (and in feeds for keyword searches of both), in IM and Skype, in the growing dozens of live apps — for weather, sports, radio and rivers of news — on my phone. And when I watch myself and others mash and mix those together, and pipe one into another.

And I say all this knowing that most of what I mentioned in that last paragraph will be old hat next week, if not next month or next year. C’est la vie.

Speaking of this week, I just discovered Google InQuotes via one or more of the Tweeters that I follow. And it struck me that the reason Microsoft has trouble keeping up with Google is as simple as Live vs. Static. Google gets the Live Web. Microsoft doesn’t. Not yet, anyway. It’s comfortable in the static. It’s cautious. It doesn’t splurge on give-aways because it doesn’t know that life is one long give-away in any case. We’re born with an unknown sum of time to spend and we’ve got to dump it all in the duration. That’s why now is what matters most. Life is what happens when you’re busy making plans, John Lennon said. The game of business is the game of life.

Years ago somebody said that everybody else was playing hockey while Bill Gates was playing chess. I think now the game has changed. I think now the game isn’t a game. It’s just life. The Web is alive. It’s a constantly changing and growing environment comprised of living and static things. Meanwhile what said long ago still applies: …companies so lobotomized that they can’t speak in a recognizably human voice build sites that smell like death.

I don’t think Microsoft is dead, or even acting like it. Nor do I think Google is unusually alive. Just that Google is especially adapted to The Live Web while Microsoft seems anchored in the static. As are most other companies and institutions, frankly. Nothing special about Microsoft there. Just something illustrative. A helpful contrast. Perhaps it will help Microsoft too.

If you want to participate in the Live Web, you can’t just act like it. You have to jump in and do it. Here’s the most important thing I’ve noticed so far: it’s not just about competition. It’s about support and cooperation. Even political and business enemies help each other out by keeping each other informed. There may be pay-offs in scarcity plays, but the bigger ones emerge when intelligence and good information are shared, right now. And archived where they can be found again later. All that old stuff is still nourishment.

Veteran readers know I’ve been about for . (And credit goes to my son Allen for coming up with the insight in the first place, more than five years ago.) I think Live vs. Static is a much more useful distinction than versions. (Web 1.0, 2.0, etc.) Hey, who knows? Maybe it’ll finally catch. It seemed to in the room where I brought it up.

By the way, a special thanks to , , and the audience at our panel at BlogWorld Expo for schooling me about this (whether they knew it or not). I got clues galore out of that, and I thank the whole room for them. (Hope the video goes up soon. You’ll see how it went down. Good stuff.)

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N for structure

September 23, 2008 in Business, Ideas, infrastructure, Life, Past, Politics, Science | 3 comments

I’ve been obsessing about infrastructure lately, with help from Stephen Lewis, whose experience and scholarship on the matter exceeds mine. The Etymology of Infrastructure and the Infrastructure of the Internet is his latest post on the matter. An excerpt:

Within the concept of urban studies and the contemporary home ownership and loan flim-flam, defaults, and financial disaster in the US, I am looking at the tension between two historical approaches, i.e. housing as infrastructure and housing as commodity. As an analogue, I am also looking at the paradigmatic abandonment of socially financed public transport to privately-owned automobiles.

My own observation — that infrastructure is far more adaptable, plastic, replaceable, substitutable and repurposeable than the word itself implies — is substantiated by the relatively new, changing and variously understood meaning of the word itself:

Infrastructure indeed entered the English language as a loan word from French in which it had been a railroad engineering term. A 1927 edition of the Oxford indeed mentioned the word in the context of “… the tunnels, bridges, culverts, and ‘infrastructure work’ of the French railroads.” After World War II, “infrastructure” reemerged as in-house jargon within NATO, this time referring to fixed installations necessary for the operations of armed forces and to capital investments considered necessary to secure the security of Europe.

It is especially interesting to me that the Net is clearly a form of infrastructure, yet has no physical properties of its own. As a utility it could hardly be more useful (that is, be a utility in the literal sense), yet it is not a utility in the manner of a water or gas service. And while today most of us enjoy the Net thanks to phone and cable companies, the Net is not a breed of telephony or television. Quite the opposite, in fact. Telephony and television are today forms of data that happen to be carried over the Net’s protocols. One no longer requires phone wiring to get phone service, or coaxial cable to get television. But because phone and cable companies bill us for the Net, we think of it as a ‘service’ of those companies. In fact it’s a pile of protocols. Are protocols themselves infrastructure? Seems so.

The fact at hand is that on the whole neither Infrastructure nor the Net are well understood. In fact, they are poorly understood, even though they are widely used.

Do we want the Net to be regulated as if it were something physical? I suggest that we want the Net to be understood first, on its own terms. And to do that, I also suggest we visit anew the nature of infrastructure itself.

Bonus pix.

Matters of mattering

September 20, 2008 in Journalism, Past, Places, Politics | 8 comments

Sarah Palin said yes, thanks, to a road to nowhere in Alaska, a story in Thursday’s LATimes, is one among countless gotcha!s which in sum comprise a sea of bad news across which Alaska’s governor is obliged to walk like Jesus. So here’s a thought. What if the Gravina Island Bridge, the $398 million “bridge to nowhere”, was not much worse than any other piece of pork — just easier for hand-wringers to target?

I mean, hey, if you were a citizen of Ketchikan, where your whole town depends on tourism for its existence, and where your airport is on an island that can only be reached by sea — and where your whole state has always depended on large sums of federal largesse and involvement — this bridge may not have been pork. It was business as usual, and just your town’s turn to score.

Could it be that Senator Stevens was doing his job, and doing it well? Looks to me like the bridge would have gone forward, and never would have been a Big Issue, had Katrina not wiped out New Orleans and required large efforts to rebuild infrastructure there, highlighting porky projects elsewhere in the country.

In other words, what we’re looking at here is Politics as Usual. That is more than enough to explain Sarah Palin’s initial support for the bridge, her change of position after the winds of popular opinion shifted, and her truth-shading after the fact. More importantly, the whole thing says little about her ability to serve the country as Vice President, or as President in the not-unlikely chance that John McCain will fail to serve out his first term.

I won’t be voting for McCain/Palin. But the governor’s porky political past is not one of the reasons.

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Smoke screening

September 19, 2008 in Future, News, Past | 3 comments

Sitting in a bar raised above the gambling floor at the MGM Grand, killing some fizzy water on ice while clearing time for my room to be cleaned. The bar is comfortable, with thick carpeting and heavy drapes pulled back to view rows of machines where patrons pour coins into slots. I haven’t heard the sound of coins pouring into trays yet. Do they still have that? I wouldn’t know. I hate to gamble on anything that’s not only stacked against me, but where I don’t control at least some of the odds. And I don’t get the thrill either. But hey, that’s me.

I also don’t get the appeal of cigarette smoke. I grew up at a time when smoking was standard. My father was a heavy smoker, and I’m sure our house and car stank of it, but I don’t remember. I do remember hating it, and vowing that I would never take up the habit. (And I never did.) Meanwhile I lived with it, as do all people in cultures such as this casino, where smoking is the rule rather than the exception. Back home in Boston and California, I live and work in places where smoking is exceptional, exiled to the outdoors or to “designated smoking areas”. That’s why I picked out my own little “designated nonsmoking area” in a corner of this bar, as far as I can get from other patrons, about half of which are either smoking or have packs and lighters parked next to their drinks.

I think in the long run smoking will become a fringe practice. Even in Europe and Asia, where smoking is still standard, the percentages of people who smoke will come down, both for the obvious reasons and because in the long run rationalizations tend to fail. Think of smoking as a bubble that will eventually burst and crash.

We’re only beginning to face the problems exposed by the failures of giant financial institutions such FreddieMac, FannieMae, Bear Stearns and AIG — and government bail-outs backed by the continuing ability to borrow from China and other creditor nations. Of which we used to be the biggest. Quite the opposite now.

If you’re looking for a far-sighted bubble-burster, Kevin Phillips is your man. He launched his career as a Senior Strategist for Richard Nixon’s 1968 presidential campaign. There he led Nixon’s successful “southern strategy” and followed that with The Emerging Republican Majority in 1969. In that book he not only predicted forty years of future, but named the Sun Belt as well. His latest book is Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism, which Tim Rutten in the LA Times calls “a rhetorical shot across the bow of the current presidential campaign, which Phillips convincingly argues is failing to address the causes and implications of our current distress”.

Here he is on Chris Lydon’s Open Source program, on May 8 of this year:

  There’s a growing sense in the United States that the Imperial Era is over almost before it started. We’re seeing the weakness that is the United States allowing the financial sector to take over the private economy. That is now the largest portion: 21-22% of the GDP is finance, pushing manufacturing way down. I don’t think that the financial sector is responsible enough, safe enough, broad-minded enough to fill that position. I think what you’ll see happen to the United States is over-financialization: too much debt, too much over expansion and a degree of an implosion that will involve everything from too much debt and collapsing home prices to rising oil prices and the declining dollar. It’s all converging. It’s all trouble. It doesn’t spell the end of the United States, but it does spell the end of the United States as the Total Big Cheeze in the world. And we are going to lose some of the yardsticks that everybody enjoyed for a long time.

About “financialization”, he says,

  You’re looking at the transformation of the American economy from one that produced things to one that moves money around. But it didn’t happen overnight. One of the major relationships is between the rise of debt and the rise of the debt culture. The debt culture meant rising deficits and “spend now and play and pay later”, the public’s debt tolerance to an extraordinary degree, and this general lackidasicalness of putting a framework around your culture and your economy — they’ve all sort of gone to seed together. And I think that the net outcome of this is a country that is in every way living beyond its means. We used to be the leading world creditor, the leading world manufacturer and the leading world producer of oil. Now we’re the world’s leading debtor, the largest inporter of manufatures and the world’s leading importer of oil. It’s a disastrous transformation. The only part of the economy that has profited is the financial sector, because an awful lot of the transition is toward more debt, more credit, more living on things you can’t afford, more keeping up pretenses, and more ambition around the world with less to back it up. And the consequenses of this in many ways is the George W. Bush administration.

Not that Phillips thinks the Democrats are any better. About Paul Krugman, for example, he says,

  There is a good reason for Paul and the Democrats in general to be upbeat here. Maybe to an extent if things were a lot further advanced in the decay process, you could just flip a leaf and say all of a sudden that we are ferociously concerned about this decay. But they think that liberal policies and the Democratic approach can turn it around. Frankly, I don’t… The Democratic magic is more of the old razmatazz, and government will step in and there’s going to be a Green Deal as well as a New Deal, and we’re going to have five million new jobs for things relating to the Greening of America… The Democrats don’t want to admit that what they di8d for the most part in the two Clinton administrations was for the most part a continuation of the Reagan and first Bush administration — and then was continued and built upon by the second Bush administration. You had a lot of financial deregulation under the Clinton administrations. They repealed Glass-Stiegel, they deregulated credit cards, lots of stuff. They stepped on the gas in terms of private debt. The increase is extraordinary. So I can’t separate out the Clinton years from what preceded them and what came after them. And of course the Democrats need to be able to tell America in this election that … they have the answer. I understand that. But I don’t agree with it.

As for Obama, he says “I don’t think he’s raised enough of these issues to have a mandate… They’re not acting now like people who understand that there’s a problem.”

He also adds, “That clearly goes for the Republicans. It’s hard to believe McCain. His economic program is almost a non-program.” That’s on top of George W. Bush: “I don’t want to do another number on George W. after American Dynasty, but he’s the wrong person at the wrong time andin the wrong place — and unqualified essentially for having been president of the United States during these eight years.

I could go on, but a bunch of smokers just parked at the tables on either side of me, and I’m sure my room is done now. Meanwhile, go check out that podcast.

Seems like last millenium

September 13, 2008 in Berkman, Ideas, Past, Photography, Places | Permalink

Sitting and shooting at U.S. v. Microsoft, 10 Years Later, at Austin Hall in Harvard Law School. Extremely interesting, and free as well. If you’re nearby, stop by.

Remembering

September 11, 2008 in Past | 2 comments

How the world changed, seven years ago today.

Power Trip

September 1, 2008 in Business, Geology, Life, News, Past, Photography, Places, Politics, Travel | Permalink

(Note: this post was made mistakenly as a page, and didn’t go up at first. Now it’s here. Thanks to commenters for the help.)

I’ve flown over these coal in New Mexico and Arizona many times, but never checked to see what was up with them. Or down. Or choose your direction.

Turns out the one above, a giant W in the Arizona landscape, is the Black Mesa Mine, and it has been mothballed since 2005 when the destination of its coal (via an unusual route), the Mojave power plant, was shut down. The Kayenta Mine is still running, as are the other mines I saw off to the east around the Four Corners areas.

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