a new low in topical enlightenment

Showing posts with label press. Show all posts
Showing posts with label press. Show all posts

Tuesday, November 1, 2011

Issue #121 (October 26, 2011)

East of Snowy Range peaks, Wyoming

Photo by Joe Carducci




















What This Country Needs Is a Man on a Horse
by Joe Carducci





There’s a little extra juice behind the usual Declinism on display. Robert Samuelson’s column in the Washington Post, “Our children’s future no longer looks so bright,” doesn’t really go into much but D.C.’s well-rehearsed rationalization for nationalized health-care. Sounds naïve, unless they don’t really mean to suggest the scale of our problems is large, in which case it sounds venal. Stephanie Kirchgaessner’s analysis in the Financial Times, “An oracle of orthodoxy,” focuses on the Club for Growth’s driving moderates from the Republican party whenever they suggest raising taxes to relieve pressure to cut Leviathan. That’s not how she puts it, instead she dials up Trent Lott to hear his call for more moderation in his party so that the Senate can go back to its “culture of distinction.” I guess Kirchgaessner feels it’s the bad manners of today which spontaneously generated such Decline, rather than those decades of distinction. I think Lott’s a lobbyist now.

The reason for the new flavor of declinism is not the rise of China, though. After all, the numbers, population growth and upside potential, are with India to win back pride of place for Democracy vs. Tyranny before China even gets comfortable enough to resume decadence. And that will likely happen sooner as China’s top-down command oligarchy’s mistakes begin to manifest, all the larger for the system’s opacity and insiders abilities to cover-up and paper over failure and theft. No, the despair of American sophisticates is surely over the decline of Europe. They are used to looking back to London and Paris and Brussels for direction, for civilization, for inspiration to shore up their psycho-political station pitched as they are against their own plebeian culture. Its as if American immigrants go native under the influences of America’s Indians and descendents of African slaves, but a europhile elite is also formed in reaction and barricades itself behind stockades. This is actually better than the old days when they looked back to Moscow. Its not that they envied Europe’s 20th-century bodycount, but as a self-regarding elite they do still covet the authority of Kings, dictators and general secretaries. This just happens to seem the responsible way for meritocrats to lead in a republic, with the added benefit that it pulls up the ladder on the rabble below, and quiets all this radical capitalist commotion to a low bureaucratic hum. But Europe’s troubles foreclose on American left assumptions.

Another aspect of this moment is the frustration of all these smart good people watching the Republican debates and wishing fervently that President Obama would begin running for reelection in the manner of FDR, who first poisoned the well. David Remnick of the New Yorker considers himself the President’s official biographer, as well as honorary campaign co-chair judging by this week’s column, “Foreign Campaigns,” where he writes, “If a Republican had been responsible for the foreign-policy markers of the past three years, the Party would be commissioning statues.” He calls the debates full of “mindless posturing” and counters it to “praise” Obama “won” in Tripoli, Benghazi, and Surt. Statues, he wants. A man on a horse. Not as sophisticated as he seems? Couldn’t be. Disingenuous to say the least; self-serving always. Tom Friedman in the New York Times Wednesday has it that President Obama is everything President Bush intended to be. Well that would be a bad thing, no? His reasoning suggests that this moment is the same moment twelve years on. “Long Live the King!,” while we’re at it. Sam Tanenhaus coughed up a similar dull point in the Times, “Right, Less Might,” which hinges on “ill-timed” criticism of the Libyan intervention just as Gaddafi fell. Libya isn’t Iraq, but everything was hunky-dory in Iraq when Saddam was found in his hole; many things can go wrong. Courtiers finds the noise of democracy irksome and tedious -- all those ears and voices that matter irregardless.

I’m not watching the debates, I mostly read about them when it sounds like something happened. It seems that all the smart good people now wish to hasten Romney’s nomination to foreclose the debate within the party. That debate is an interesting one that I recommend to Remnick and Friedman, but they prefer Romney to the radicals and like to think of Paul or Cain as servants of the rich, that moneyed elite who presumably buy all those trinkets advertised in the New Yorker and the Times. The cloud of unknowing stirred up by these smart folk is to obscure the debate within business-capitalism-economics-Republicans over free market principle versus crony-capitalist-plutocracy. Unless one still believes in socialism, it’s really the only debate there is. There’s plenty of Republican businessmen angling for the inside fix. They operate on offense because it’s the best defense. The Democrats post-FDR demanded this of them. Nationalization of industry isn’t in the cards, per se, but this may simply allow for control without responsibility -- regulation. This allows for the New York Times and the New Yorker and NPR to call for heads on Wall Street (again, their underwriters and their advertisers’ customers). Elite opinion demands, “How dare you irresponsibly over-inflate Washington’s bubble economy, and then not re-inflate it on command”.

James Traub, a contributing editor at the Times mag, looks over the Republican field in “The America Issue” of Foreign Policy, “The Elephants in the Room,” and chides it for ignoring foreign policy and writes, “the old center of the GOP has joined with the new radicals of the Tea Party in advocating a policy of Less.” Traub quotes Robert Kagan to the effect that parties in opposition tend to be “isolationist.” It is true that Ron Paul runs like a protest candidate, but I mean really, is there any irresponsible talk of closing domestic military bases set up to fight the Indian Wars? Is there talk of shutting down bases in Britain or Germany? Even Secretary of State Hillary Clinton in her FP long-winded essay, “America’s Pacific Century,” seems to believe that all the money we’ll be soon saving in Iraq and Afghanistan will pay for the beefing up of what she would have formerly called our empire’s lot in Asia. The great federal jobs program that pretends to be self-government mutes any complaint by even the most “serious” budget specialists. Such “seriousness” demands opposition to both “Isolationism” and “Adventurism” and so we’re left with a gigantic military for job-training and social-engineering and firing metal back into the earth. Bush 1 tried to use it for U.N. bookkeeping, keeping Kuwait independent on principle that once seated at the U.N. you’re stuck there. Clinton 1 used it for muscular humanitarianism in the former Yugoslavia. Bush 2 tried to use it to break the spell of Islam in its guise of inevitably universalized Truth. I can’t wait to see what Clinton 2 or Bush 3 use it for.

Ron Paul and certain Tea Party radicals get tripped up in the difference between action and reaction, that moment and this one, and the unfolding intellectual attempts to account for the shambling resistance to globalization, modernization, and democratization under the influence of America’s walking point, creating the unbalancing wake for the rest. But that doesn’t mean they don’t have the only answer: Less.

Professor Stephen Walt in his Foreign Policy essay, “The Myth of American Exceptionalism” is content to revisit the sixties with his denial that America does walk point or warps the old world’s choices. He ticks off five myths and winds up strangling in his own psycho-political vicarious ex-pat compulsions. But he succeeds in comforting me that I am capable of insight beyond that of the “Robert and Renee Belfer professor of international studies at Harvard University’s Kennedy School of Government.” I knew I was right to drop out of the University of Denver in my second year! Again, he is in part attempting to fan the embers of the true Obama:

“These enduring tropes explain why all presidential candidates feel compelled to offer ritualistic paeans to America’s greatness and why President Barack Obama landed in hot water for saying that while he believed in ‘American exceptionalism,’ it was no different from ‘British exceptionalism,’ ‘Greek exceptionalism,’ or any other country’s brand of patriotic chest-thumping.” (Foreign Policy)


Keep up the good fight, brave Professor!

Also in same issue of FP Thomas Friedman and Michael Mandelbaum contribute
“America Really Was That Great (But That Doesn’t Mean We Are Now)” which defends the aspect of American exceptionalism that allows for their pet notions:

“To remain exceptional, America must respond effectively to its four great 21st-century challenges: the ones posed by globalization, the revolution in information technology, the country’s huge and growing deficits, and its pattern of energy consumption. America does not now have in place the policies needed to master them.” (FP)


This is just the usual bait-and-switch of the allegedly high-minded policy advocates as they seek to maintain the 20th-century federal bubble. They can’t hope to convince fifty states or three hundred million pairs of ears of anything, but they cling to the federal government as courtiers who have two interests: increase the central power of the State, and then get its ear -- either one. This has nothing to do with American exceptionalism, but much to do with these pea-brains’ senses of their own exceptionalism.

The American Constitution is concerned with the establishment and defense of freedom. It’s not about having a military large enough to fight two world wars on one planet or having the largest economy. The founders expected that a free people would thrive of course, but they also knew that freedom would always be under threat, from without occasionally, but constantly from within due to human nature.

Francis Fukuyama in a “Holiday Note” in American Interest entitled “American Political Dysfunction” refers to the late economist Mancur Olson’s idea that democracies in peacetime collect “entrenched interest groups that collect rents from the government and lead to the gradual ossification of political systems.” Fukuyama then ads:

“All democratic countries tend to accumulate interest groups and entrenched elites, but in the United States they interact with the system of checks and balances in a particularly destructive way. The decentralized nature of the legislative process hands entire parts of the Federal budget to particular lobbies. Policies that are both sensible and in the long run necessary are simply off the table. Hence we cannot discuss ending or reducing the deductibility of mortgage interest due to opposition from the real estate industry; we can’t move away from the current fee-for-service model in health care because of the doctors’ lobby.” (American Interest)


He ads that the banks “despite having played a major role in the recent financial crisis” have been able to block stronger regulations.

I’m not sure the banks believe that, but I know the “doctors’ lobby” does not consider that it successfully defended the now largely extinct fee-for-service economy. In fact most wish fervently to get out of medicine as soon as possible. My dad built his GP practice and as we grew up he encouraged us all to consider medicine, but by the end of the eighties he was already worried over the fate of those of us who did given all the “sensible” and “necessary” changes that lawyers, judges, accountants, and experts made. Fukuyama notes that Olson thought it took war or revolution to “clear away the accumulation of interest groups.” Neither seems to understand that while it took “bombing Germany and Japan to smithereens” to allow them to get a “fresh start,” it was during that war that American power flowed to our capitol for the first time and sealed in FDR’s alphabet soup of failed thirties agencies and gave them something to do. When the war was over there was the cold war, social engineering, etc. The wars are over now, Jim Crow is over, and so this oversized state is desperate to justify its girth. If it will not give than Gideon Rachman in the Financial Times is right: “America must manage its decline.” But this is hardly the only option here. Those very vetos and bottlenecks Fukuyama and other experts bemoan are what saves America from the fate of the race-nations and their consensuses, which seemed “sensible” and “necessary” right up to “smithereens.”

As one might expect from an insider in government and on Wall Street, Peter Orszag in the New Republic recommends in “Too Much of a Good Thing” that we make our politics “less democratic.” He claims the loss of the three networks news dominance was worse for democracy than gerrymandered districts. His piece was prompted mostly by the debt-limit battle. He asserts that “Virtually all responsible economists agree that we should be aiming to reduce the deficit in the long-term but not in the short-term.” I’m not sure Peter ever tuned into the old networks or he’d remember that the reason the conservatives were so unreasonable over raising the debt limit is that they’ve been put off over and over on these budget issues. For decades, by their own leadership too which is why Boehner was up to three packs-a-day that month. The issue begins for Orszag when his buddies at Citigroup called him back to Wall Street from the administration. The White House was not able to simply re-inflate the bubble. The Onion considered that absurd immediately after it burst, and yet this is recommended all around. As another ex-Admin figure, Laurence Summers, put it this week in the FT in “Why the housing burden stalls America’s economic recovery”:

“The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending, and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending.” (Financial Times)


Its recommended overtly by the unsubtle Summers, but more often indirectly and covertly via attacks on any threat to Federal prerogative: Ron Paul, Tea Party, Isolationists… These threats are usually called “anti-government” as if they were Anarchists. This brings to mind President Reagan’s trimming the cost-of-living adjustments of certain Federal programs in the eighties, and the various activists, journalists, and Democrats referring to this as “gutting” the programs. At his Spectator blog Fraser Nelson’s number-crunch, “The austerity myth,” does its best to re-rack the rhetoric:

“CoffeeHousers may remember an odd New York Times editorial recently where they tried to blame the evaporation of British economic growth on austerity. Perhaps the newspaper’s famed fact-checkers had taken the day off, because the slightest piece of research would have exposed the premises of the piece as bunkum. This morning, the ONS has produced monthly public finance figures, showing current spending is still rising in Britain.” (Spectator)


He goes on to emphasize that for all the kvetching, “austerity has barely been tried,” and notes that where it has been tried Ireland is growing twice as fast as Britain and Estonia at 8 per cent. It’s interesting to watch the Manhattan media and the Administration attempt to direct the Occupy Wall Street demos to a reactionary support for the status quo. Can they oppose Citigroup and support the Administration? They will amount to nothing if they do.

Amar Bhide in the Financial Times in his essay, “Messy government is a must for modern America,” understands America’s strength better than most. He claims, “suppressing messy government is a bad idea for America -- protracted, unruly debates and stand-offs are vital features of the country’s democracy.” He continues, “The process ought to be, like the dispensation of justice, adversarial but not partisan.” This brings me back to the Tea Party, Occupy Wall Street, and the news-industrial complex allegedly trying to understand these Americans. They seem to have an interest in making non-party phenomena partisan. Accusing the Tea Party of representing corporate interests, while encouraging OWS to defend the President.

In politics the lay of the land is determined by the election cycles and when the Presidential term is up, and how events shape debate. This time the best chance to crack the centrist stasis on Wall Street, overseas, and in DC is the Ron Paul candidacy. He’s laid more purposeful groundwork for his campaign than Ralph Nader or Pat Buchanan did, and his issues cut both ways, adversarial rather than partisan. He’s pushing away ideas of a third party run because he believes conditions won’t allow for a Romney sleepwalk candidacy. I’m not sure that’s true but you have to admire him. But the newsmedia seems driven to float misconstructions of everything at issue.

This week both the New Yorker and the New York Times sandbagged small business’s reputation in favor of big business. James Surowiecki on the New Yorker’s “Financial Page” writes “Big Is Beautiful” while Jared Bernstein in the Times writes “Small Isn’t Always Beautiful.”

Both pieces feature that bitter juice I’m talking about. (And as they’re both putting a gloss on big business, the word “corporation” or its variants appear in neither piece; an insult to their own readers methinks.) I also don’t think they understand the basic math involved, since, to paraphrase Sun Ra (who said race in music didn’t concern him since all music originated in Africa), all big business had its origins in one small shop or garage. You have to wonder at the glee of such liberal media organs as they suck up to their corporate masters. Is this a politics that can improve anything?

Luke Johnson in his “The entrepreneur” column in FT, goes right at this subject:

“I recently gave a talk at a big corporate conference to hundreds of delegates, without exception middle-managers from large companies. I realized as I spoke to the audience that my words about entrepreneurship were irrelevant to them -- even offensive. For I was preaching the gospel of independence, freedom and risk-taking, while they were entombed in the cosy, airless coffin of big business… The more I thought about this disconnect, the more I realized that all too many executives in large public companies actually have more in common with various arms of government than they do with entrepreneurs and start-ups.” (Financial Times)


In the end if our economy and our government and our politics is broken then it is ultimately the fault of the Supreme Court, allowing behavior outside the bounds of the Constitution. If the Courts are a ripped sieve then that is the fault of FDR and southern crackers and their Jim Crow system which opened the door even further to Federalization of regional patterns.

The Supreme Court popped up in the news but it was not to point, but about twenty years since the Clarence Thomas hearings. Anita Hill was all over CSPAN and probably NPR. Justice Thomas was looked over by Lincoln Caplan on this anniversary of infamy in his New York Times piece, “Clarence Thomas’s Brand of Judicial Logic.”

It reads as if Thomas is the blinded bull that threatens all that Times-ian liberals hope to now protect with a stare decisis that no longer exists thanks to their living breathing Constitution they tore wide open long ago. Given the other conservative justices Thomas sure sticks in their craw. And now stands accused of behavior the New York Times reserves for the liberal justices of history and legend. John Woo in the Wall Street Journal takes Thomas seriously:

“Clarence Thomas set the table for the tea party by making originalism fashionable again. Many appointees to the court enjoy its role as arbiter of society‘s most divisive questions -- race, abortion, religion, gay rights and national security -- and show little desire to control their own power. Antonin Scalia, at best, thinks interpreting the Constitution based on its original meaning is ‘the lesser evil,’ as he wrote in a 1989 law journal article, because it prevents judges from pursuing their own personal policies. Justice Thomas, however, thinks that the meaning of the constitution held at its ratification binds the United States as a political community, and that decades of precedent must be scraped off the original Constitution like barnacles on a ship’s hull.” (WSJ)


I see how that could make some rent collectors nervous. They seem to hold that the Justice remains a sex criminal on the lam despite the fact that new sexual harassment laws passed had to be almost immediately loosened in enforcement when they threatened to inadvertently bring down President Clinton, who seemed to be living his imitation of JFK’s life -- not even close. When you think about it, there must’ve been at least a thousand fathers of wayward daughters who might’ve wanted to take a shot at Kennedy. Relatively few of his constituents wanted to kill Clinton on the other hand. Give the man credit. The Times editorial observing “Sexual Harrassment 20 Years Later” reminds us that “The month after the hearings, Congress passed a law that allowed sexual harassment victims to seek damage awards as well as back pay and reinstatement. It was signed by President George H.W. Bush, who had threatened to veto the act just a week before Ms. Hill testified.” That ain’t the half of it.

Speaking of old-times, Joe Nocera tried to sneak in some Robert Bork revisionism into the New York Times with “The Ugliness Started With Bork.” He wanted to remind people, or Times-readers anyway, on the 24th anniversary of Bork’s borking, that Democrats sometimes act “every bit as obstructionist, mean-spirited and unfair.” Only three of the letters objecting to this column were fit to print apparently. One inadvertently brings up Bork’s firing of Archibald Cox, as if Cox and the Nixon-hunt was wasn’t at issue in any of this either. Again, FDR’s three-plus terms really salted the earth; the rest are pikers.

The judge and jury of Times Supreme Court coverage, Linda Greenhouse, chips in her own catty switcheroo on the issue of You’re the judicial activist -- No, you are!, with her blog post (how the mighty have fallen) “Engagement as the New Activism.”

She offers the bon mot, “Judicial activism in the name of liberty, it seems, is no vice.” And continues:

“In this topsy-turvy world, judicial restraint, which used to ba good thing, is now bad. There is a ‘false dichotomy,’ the center‘s declaration informs us, ‘between improper judicial activism and supposedly laudable judicial restraint.’ Restraint means abdication by judges who fail to do their duty. ‘Striking down unconstitutional laws and blocking illegitimate government actions is not activism; rather it is judicial engagement -- enforcing limits on government power consistent with the text and purpose of the Constitution.”


Her attempts at breezy, humorous informality must be the blog-style in Beta over at the Times. If so, it probably belongs elsewhere in the paper. Here in one of the longest boringest personal beats it betrays Greenhouse’s sense that the long march of the Federal prerogative’s expansion which she’s cheered on like a wholly-owned press agent is finally stuck where it can now only give ground. Hers seems a forced laughter. Even if the health reform law isn’t thrown out by the Supreme Court, its implementation will trigger its undoing. It’s not the thirties anymore. It isn’t even the 20th century anymore.



____



Addendum…



Alexander Stille in NYT, "The Paradox of the New Elite":

“It‘s a puzzle: one dispossessed group after another -- blacks, women, Hispanics and gays -- has been gradually accepted in the United States, granted equal rights and brought into the mainstream. At the same time, in economic terms, the United States has gone from being a comparatively egalitarian society to one of the most unequal democracies in the world. The two shifts are each huge and hugely important: one shows a steady march toward democratic inclusion, the other toward a tolerance of economic stratification that would have been unthinkable a generation ago.”



***


Samuel Brittan in FT, "Call off the misguided crusade against ‘inequality’":

“The one valid argument against egalitarian policies rests on a denial that all income and wealth originally belong to the state. This was well put by the Harvard philosopher Robert Nozick: ‘We are not in the position of children who have been given some portions of pie. There is no central distribution. What each person gets, he gets from others who give it to him in exchange for something or as a gift. In a free society, diverse persons hold different resources and new holdings arise out of the voluntary exchanges and actions of persons.’ In other words there is no fixed sum to go around; individuals add to the pie by their activities. And it is by no means obvious that others should treat the results as part of a common good.”



***


Lucia Mutikani at Reuters, "So many US manufacturing jobs, so few skilled workers":

“Most of the jobs hard to fill are for skilled trades, Internet technology, engineers, sales representatives and machine operators. Yet American colleges are producing fewer math and science graduates as students favor social sciences, whose workload is perceived to be manageable, leading to a skills mismatch. Math, engineering, technology and computer science students accounted for about 11.1 percent of college graduates in 1980, according to government data. That share dropped to about 8.9 percent in 2009.”



***


John Tamny in Forbes, "Can the Nantucket Project Change Who We Are?":

“Crane observed in front of an increasingly engaged audience that quite unlike other countries, the U.S. was created by men who wrote a founding a document granting the federal government itself well defined and very limited powers, all the while charging it with aggressively protecting our rights as individuals. We take it for granted today, but it’s worth remembering how very unique the U.S.’s founding was for the underlying theme of its Constitution one of great skepticism about politicians and government more broadly. Crane reminded the attendees that far from a government created with grand, national goals in mind, ours was designed to protect our rights as individuals. The theme of Crane’s speech was ‘We’re not all in this together’, a popular view at the moment among some political types irrespective of political affiliation, and there he decried the collective, national action that the latter presumes. Crane calmly listed for the audience the various national projects including Social Security, Medicare and the modern attempt to make homeownership a right as ‘national goals’ gone bad. Further on, he referenced the 20th century’s obscene global body count that was largely the result of countries being taken in by group, as opposed to individual goals.”




















Drawing by James Fotopoulos



















From the Desk of Joe Carducci…


Gordon Crovitz in WSJ, "Google Speaks Truth to Power".

“He contrasted innovation in Silicon Valley with innovation in Washington. ‘Now there are startups in Washington,’ he said, ‘founded by people who were policy makers.... They're very clever people, and they've figured out a way in regulation to discriminate, to find a new satellite spectrum or a new frequency or whatever. They immediately hired a whole bunch of lobbyists. They raised some money to do that. And they're trying to innovate through regulation. So that's what passes for innovation in Washington.’”



***


Thomas Catan in WSJ, "How to Tweak White House, Kremlin and Wall Street, Too".

“‘We are not as big as [Russian Prime Minister Vladimir] Putin's Gazprom, but then we don't break people's kneecaps either,’ he said. ‘We just have to rely on ordinary persuasion, you know.’ Mr. Kinder didn't stop there. He also regaled company employees, including many watching by webcast, with tales of his meetings with President Barack Obama and his energy secretary, Steven Chu. He said he was ‘astounded’ at how little consideration they gave to natural gas as a ‘game changer.’ As time has gone on, he said, Mr. Obama and his aides have come to realize that ‘in the real world that the rest of us live in, you know, natural gas is really important.’ But they ‘still like bicycles and wind,’ Mr. Kinder said.”



***


Mary Walsh in NYT, "The Little State With a Big Mess".

“In most places, as in Rhode Island, the big issue is pensions. By conventional measures, state and local pensions nationwide now face a combined shortfall of about $3 trillion. Officials argue that, by their accounting, the total is far less. But with pensions, hope often triumphs over experience. Until this year, Rhode Island calculated its pension numbers by assuming that its various funds would post an average annual return on their investments of 8.25 percent; the real number for the last decade is about 2.4 percent. A phrase that gets thrown around here, à la Rick Perry describing Social Security, is ‘Ponzi scheme.’ That evening in September, Ms. Raimondo walked into the Cranston Portuguese Club to face yet another angry audience. People like Paul L. Valletta Jr., the head of Local 1363 of the firefighters union. ‘I want to get the biggest travesty out of the way here,’ Mr. Valletta boomed from the back of the hall. ‘You’re going after the retirees! In this economic time, how could you possibly take a pension away?’ Someone else in the audience said Rhode Island was reneging on a moral obligation. Ms. Raimondo, 40, stood her ground. Rhode Island, she said, had a choice: it could pay for schoolbooks, roadwork, care for the elderly and so on, or it could keep every promise to its retirees. ‘I would ask you, is it morally right to do nothing, and not provide services to the state’s most vulnerable citizens?’ she asked the crowd. ‘Yes, sir, I think this is moral.’”



***


James Stewart in NYT, "Volcker Rule, Once Simple, Now Boggles".

“Last year, when the Dodd-Frank Wall Street Reform and Consumer Protection Act went to Congress, the Volcker Rule that it contained took up 10 pages. Last week, when the proposed regulations for the Volcker Rule finally emerged for public comment, the text had swelled to 298 pages and was accompanied by more than 1,300 questions about 400 topics. Wall Street firms have spent countless millions of dollars trying to water down the original Volcker proposal and have succeeded in inserting numerous exemptions. Now they’re claiming it’s too complex to understand and too costly to adopt.”



***


Ambrose Evans-Pritchard in Telegraph, "World power swings back to America".

“Telegraph readers already know about the ‘shale gas revolution’ that has turned America into the world’s number one producer of natural gas, ahead of Russia. Less known is that the technology of hydraulic fracturing - breaking rocks with jets of water - will also bring a quantum leap in shale oil supply, mostly from the Bakken fields in North Dakota, Eagle Ford in Texas, and other reserves across the Mid-West. ‘The US was the single largest contributor to global oil supply growth last year, with a net 395,000 barrels per day (b/d),’ said Francisco Blanch from Bank of America, comparing the Dakota fields to a new North Sea. Total US shale output is ‘set to expand dramatically’ as fresh sources come on stream, possibly reaching 5.5m b/d by mid-decade. This is a tenfold rise since 2009. The US already meets 72pc of its own oil needs, up from around 50pc a decade ago. ‘The implications of this shift are very large for geopolitics, energy security, historical military alliances and economic activity. As US reliance on the Middle East continues to drop, Europe is turning more dependent and will likely become more exposed to rent-seeking behaviour from oligopolistic players,’ said Mr Blanch. Meanwhile, the China-US seesaw is about to swing the other way. Offshoring is out, 're-inshoring' is the new fashion. ‘Made in America, Again’ - a report this month by Boston Consulting Group - said Chinese wage inflation running at 16pc a year for a decade has closed much of the cost gap. China is no longer the ‘default location’ for cheap plants supplying the US. A ‘tipping point’ is near in computers, electrical equipment, machinery, autos and motor parts, plastics and rubber, fabricated metals, and even furniture.”



***


Steve Rattner in FT, "Look to America for lessons in sharing a currency".

“Gazing at the American model, some imagine that mimicking the troubled asset relief programme (Tarp) that played such a critical role in resolving the American financial crisis might help. But that is just another liquidity programme, not a way to harmonise competitiveness. Nor could a European version of an American treasury secretary order southern Italians to work as efficiently as Germans. The US experience demonstrates clearly that sharing a currency requires more than a central bank, more than a central treasury and more even than tight fiscal rules. For example, regional divergences are smoothed in the US model by the propensity of American workers to migrate in response to changes in employment prospects. Europeans don’t move as often, particularly across borders where language barriers still persist. The US fiscal regime also includes ‘automatic stabilisers’ that silently funnel resources to needier areas.”



***


Stanley Pignal in FT, "Dexia lent 1.5bn to investors so they could buy shares in… Dexia".

“The unorthodox funding move, which roused Belgian regulators’ concerns at the time, amounted to Dexia borrowing money from itself to finance a capital increase. This is illegal in most jurisdictions and is now banned in the European Union, but did not break Belgium’s existing laws.”



***


Holman Jenkins in WSJ, "Why Europe Dithers".

“There is another savior in the wings, of course, the European Central Bank. But the ECB has no incentive to betray in advance its willingness to get France and Germany off the hook by printing money to keep Europe’s heavily indebted governments afloat. Yet all know this is the outcome politicians are stalling for. This is the outcome markets are relying on, and why they haven’t crashed. All are waiting for some market ruction hairy enough that the central bank will cast aside every political and legal restraint in order to save the euro.”



***




Honor Mahony at EUobserver.com, "Smiling at Italy".

“Merkel was impassive and to the point. Sarkozy was effusive and hubristic. They were in the same room. But you wouldn’t have known it from the body language. Then comes the Berlusconi question. Did the Italian leader make them any promises on his reform efforts and were they reassured by them? Sarkozy smirked all the way through the question. Merkel looked straight ahead. When the question finished, there was a little pause. And then they both glanced at each other and grinned. It was quite a startling dropping of diplomatic mores. A member state can be considered a major pain. But rarely does it elicit a sort of shoulder-shrugging grin. At least not at this level. Sarkozy stepped into the breach . ‘We were together in this meeting’, he said referring to a meeting on Sunday morning with Berlusconi. At that meeting, the Italian leader was read the riot act by both Paris and Berlin for the slow pace of reform. Sarkozy said he had confidence in the Italian system to see through the reforms. Merkel said it was a meeting of ‘friends’ but noted that ‘trust’ needs a clear perspective. Ultimately the smile spoke louder than the words though. There has been a large outcry in Italy over what is being seen as the international humiliation of their leader – though it has to be said he has been active in this respect for quite some time. The clip of Sarkozy and Merkel sharing a complicit oh-well-you-know-Belusconi grin is on all newspaper sites. Foreign minister Franco Frattini said the gesture and expressions of Sarkozy were inappropriate. ‘No one is allowed to ridicule Italy’ even if it is dragging its feet in facing the crisis, said Pier Ferdinando Casini, leader of the opposition UDC, on his blog. ‘I did not like Sarkozy’s sarcastic smile.’ Il Giornale said Sarkozy’s smile was like the headbutt given by France’s Zinedine Zidane to Italian footballer Marco Matterazzi in the 2006 World Cup final. I am not sure why the Sarkozy half of the smile attracted so much anger. It said a lot more that Merkel, normally discreet and frosty, joined in too.”



***


Leigh Phillips at EUobserver.com, "Berlusconi: Other EU states in no position to ‘give lessons’".

“The angry letter from Berlusconi’s office went on to say how Italy had ‘already done and is trying to complete what is in both the national and European interest as well as in line with its sense of justice and social fairness.’ The missive pointed out that the need for a second round of bank bail-outs is ‘particularly’ a concern for France and Germany. Italian banks for their part are in a safer position than Paris-based financial institutions, which are heavily exposed to Greek debt.”



***


Joshua Chaffin & Rachel Sanderson in FT, "Big two in rare unanimity over Berlusconi".

“For Mr Sarkozy, the irritation with Mr Berlusconi has been enhanced by a rancorous dispute over the composition of the European Central Bank’s powerful executive board. France will lose its seat at the table at the end of the month when Jean-Claude Trichet steps down as ECB president. In exchange for supporting an Italian successor, Mario Draghi, Mr Sarkozy had hoped Mr Berlusconi would clear the way for a French board member. But Mr Berlusconi infuriated the French last week when he dropped a plan to appoint Lorenzo Bini Smaghi, an ECB board member, as Mr Draghi’s replacement at the Bank of Italy.”



***


Ethan Bronner in NYT, "Six Years After a Debilitating Stroke, Sharon Remains Responsive, His Son Says".

“Gilad Sharon adds in the book that while he insisted on not letting his father die more out of instinct and sentiment, it turned out he also had medicine on his side: the CT scan had been misread. Doctors acknowledged after the operation that his father was healthier than they had realized, according to Mr. Sharon. Ariel Sharon was elected prime minister in 2001 and was at the height of his power when he had the stroke. Having spent his career as a hawk and a champion of the settler movement — amply documented in the new biography — he shocked his political base by removing Israeli settlers and soldiers from Gaza only months earlier, in the summer of 2005. He then left his political home in the rightist Likud party and established the centrist party, Kadima.”



***


Liam Stack & Sebnem Arsu in NYT, "Clashes With Kurds Are Pushing Turkey Back Toward Conflict".

“Turkish troops have pursued the P.K.K. across the mountainous border with Iraq more than 25 times since the conflict began, but the military has not managed to subdue the militants or diminish their combat ability. Some of the military operations involved as many as 30,000 troops. The road to a political solution has also been bumpy. The government has refused to recognize the P.K.K. as part of any official talks, although records of meetings between Turkish intelligence officials and the P.K.K. were leaked last month to the local news media. The dominant political party in the southeast, the Peace and Democracy Party, is widely considered to be the political wing of the P.K.K. and has been banned by court order eight times. It has resumed its operations each time.”



***


Marc Champion & Ayla Albayrak in WSJ, "Jailed Kurd Leader At Conflict’s Core".

“Mr. Ocalan has no TV or access to a phone. His radio receives one channel -- the state-owned TRT, says Mr. Bilmez. Other than his middle brother Mehmet, the only other people who see him have been the government’s negotiating teams, with whom talks ended in July. He reads incessantly. On their last weekly visit before getting cut off, his lawyers brought him 11 books and magazines for the week, including: ‘Empire’ by Harvard historian Niall Ferguson; ‘Women of Byzantium’ by a University of North Carolina classics professor; and a volume of essays on philosopher Max Weber.”



***


Khaled Hroub at Qantara.de, "Secularism as a Protector of Religion".

“But this lesson on secularism and the civil state, delivered to the Arab Islamists by the Turkish premier during a television interview on his last visit to Cairo, definitely came at the right time. Even post-Arab Spring, most narrow-minded Arab Islamists continue to regard secularism per se as the ‘brother of faithlessness’ and the ‘enemy of religion’. To date, this secularism to which they have been so fiercely hostile has not been introduced in any Arab country in the same manner as in Turkey, where Atatürk's military chose its most radical form. Consequently it can be assumed that political Islam in Turkey appears as the definitive opponent of secularism – a radical approach that has struck it to the very core.”



***


Matthew Kaminski in WSJ, "On the Campaign Trail With Islamist Democrats".

“The Tunisian party descends from Egypt’s Muslim Brotherhood. Mr. Ghannouchi, who spent the past 20 years in exile in London, is a prominent scholar and proponent of political Islam. For decades, the party’s slogan was, ‘Islam is the solution.’ Yet for this campaign, Nahda presented a face more in sync with the democratic times and Tunisia’s secular, moderate society. Mr. Ghannouchi says he sees no reason for the only Arab country to have outlawed polygamy to reverse course. The 1956 Code of Personal Status, which established women’s legal equality in most matters except for inheritance rights, is sacred to him, too. He says he looks forward to many elections like Sunday’s. There was no symbolic gesture seemingly too small to burnish Nahda’s new image. During Yom Kippur, party officials brought flowers and greetings to remnants of the Jewish community in the Goulette quarter of Tunis. Islamists aren’t known for their philo-Semitisim. Wine is produced and alcohol is drunk widely in Tunisia, and Hamadi Jebali, Nahda’s secretary general, says that’s all fine.”



***


Christopher Caldwell in New Republic on Zeyno Baran’s book, Citizen Islam: The Future of Muslim Integration in the West.

“In the divisive, decade-old War on Terror, one certitude unites the warriors and the conscientious objectors. It is that Islamism is not to be confused with Islam. ‘Whatever it’s called,’ George W. Bush said, ‘this ideology is very different from the religion of Islam.’ Attorney General Eric Holder described the Islamism of the late Anwar al-Awlaki as ‘a version of Islam that is not consistent with the teachings of it.’ Zeyno Baran has come reluctantly to the conclusion that the Bush/Holder view is false. Her new book describes how Islamists have captured many Islamic religious and social institutions, including most of the Western ones. Islamism has supplanted more traditional tendencies and has become what most people, Muslim and non-Muslim alike, understand as mainstream Islam. Gullible American and European policymakers have partnered with the wrong Muslims, freezing out their friends and empowering those who wish them ill.”



***

William Wallis in FT, "Sudan counts economic cost of losing south".

“Mr al-Bashir’s government starts talks in Juba today with the newly independent southern government on the sharing of oil revenues. There are conflicting estimates of the cost of the loss of the south to Khartoum. The International Monetary Fund estimates it at more than $5bn up to 2015. Southern officials are willing to pay $3bn, half via a 10 per cent reduction on oil sales running for three years and half via waiving debts it says are owed by the north. This falls far short of what Khartoum wants. Mr al-Bashir’s government argues it will lose $15bn. Officials had hoped that a peaceful transfer of sovereignty to the south would have enabled Khartoum to normalise relations with the west, ended the US trade embargo, and led to foreign investment.”



***


Raymond Ibrahim at MEforum.org on Robert Reilly’s book, The Closing of the Muslim Mind: How Intellectual Suicide Created the Modern Islamist Crisis.

“Last week, ‘Saudi Arabia's religious police arrested an Indonesian housemaid for casting a magic spell on a local family and 'turning its life upside down.'’ The maid ‘confessed’ to using sorcery, and ‘commission experts took the magic items to their office and managed to dismantle and stop the spell.’ Far from being absurd aberrations to be dismissed, such accounts, which are becoming better known thanks to the Internet, are stark reminders of the incompatibility between the Western and Muslim worldviews, or, more to the point, the difficulty Western peoples have transcending their own paradigms and understanding the Muslim worldview in its own right -- above and beyond the issue of sorcery. In his book, The Closing of the Muslim Mind, Robert Reilly, a senior fellow at the American Foreign Policy Council, helps explain the Muslim worldview by thoroughly documenting the historic and doctrinal roots behind it; by refreshingly bypassing the overly dramatized question of ‘what went wrong,’ he explains the more pressing ‘why it went wrong.’”



***


James Lamont & Farhan Bokhari in FT, "Islamabad looks towards India to bolster economy".

“A proposal to grant Most Favoured Nation status to India -- 15 years after New Delhi accorded the same to Islamabad -- and the easing of visa restrictions are the latest steps towards a long-awaited trade liberalisation between the two nuclear-armed rivals. Pakistan’s military commanders and business community are increasingly worried about the poor performance of the economy under the rule of President Asif Ali Zardari.”



***


Steven Barowiec at YaleGlobal, "Mongolia Opens Doors for Foreign Investment".

“Mongolia has spent much of its recent history squeezed by Russian and Chinese interests. It became a Soviet satellite after looking to the victorious Bolsheviks for protection from China. The Chinese administration at the time wanted to claim both Inner and Outer Mongolia as Chinese territory. Under communism, officially beginning in 1924, 95 percent of Mongolia’s trade was with the USSR, which bought Mongolia’s raw materials on the cheap and sold them on the world market at a large profit. Now, Mongolia is striving to use its mineral wealth to establish ties with a wide range of partners and carve out an independent position. As the anti-Chinese graffiti on walls throughout Ulan Bator would indicate, there is a lingering mistrust in Mongolia of China, its rival and partner. Regardless of how Mongolians may feel about China, they cannot afford to ignore its regional clout. China is Mongolia’s largest trading partner and investor. Mongolia is a major exporter of coal, copper and gold to China. Chinese demand mitigated the effects of the 2008 economic crisis on Mongolia.”



***


NYT: "Tracking Tibetan Art".

“The Chinese takeover in Tibet caused private and monastery collections of paintings and sculptures to vanish without much of a paper trail. ‘Eighty to 90 percent of Tibetan art was destroyed or displaced during the Cultural Revolution,’ the art historian David Jackson said during a recent telephone interview. ‘What I try to do is restore the order of the total chaos.’ He has spent decades identifying artists and their patrons and subject matter. He has compared thousands of portraits, looking for patterns in the hand gestures, robe colors, jewelry, background furniture and even hairlines and mustache shapes. His new book, ‘Mirror of the Buddha: Early Portraits From Tibet,’ coincides with an exhibition of about 50 pieces that opens on Friday at the Rubin Museum of Art in Manhattan.”



***


Joseph Sternberg in WSJ, "The Phony Success of China’s Stimulus".

“The government was quick out of the gate with a stimulus program running to the trillions of dollars, and growth in gross domestic product (GDP) didn't dip as deeply in China as it did elsewhere. China bulls say this shows the government is smart and worth emulating. But dig a little deeper and the opposite turns out to be true. China's stimulus took the form of a massive expansion of bank lending, rather than the kind of fiscal spending Westerners typically think of when they hear the word Keynesian. A glance at what has happened at the banks in the aftermath shows how Beijing has backed itself into a corner. The stimulus opened a credit floodgate that so far has proven impossible to turn off. ‘There is a misconception that it was only limited to six months,’ says Charlene Chu, an analyst at Fitch Ratings here and one of the few people outside the government who seems to understand what’s going on at China’s banks.”



***


Kathrin Hille in FT, "Chinese entrepreneurs at copycat stage".

“The death of Apple founder Steve Jobs this month triggered rounds of soul-searching over why the country lacks technology entrepreneurs as successful as Mr Jobs or Mark Zuckerberg of Facebook, who came up with products that changed the world. ‘Chinese companies can be expected to have market valuations and business models like Apple’s within 10 years but it is difficult to expect any type of Apple-like innovation,’ says Lee Kaifu, the former head of Google China who, with his incubator Innovation Works, has become a guru for internet start-ups in China.”



***


Bret Stephens in WSJ, "How Many Nukes Does China Have?".

“In 2008, he was commissioned by the Pentagon’s Defense Threat Reduction Agency -- which deals with everything from arms-control verification to nuclear detection and forensics -- to look into a mysterious Chinese project known as the ‘Underground Great Wall.’ The investigation would lead Mr. Karber to question long-held assumptions about the size -- of China’s ultra-secret nuclear arsenal. The agency’s interest in the subject had been piqued following the devastating May 12 earthquake that year in Sichuan province: Along with ordinary rescue teams, Beijing had deployed thousands of radiation specialists belonging to the Second Artillery Corps, the branch of the People’s Liberation Army responsible for the country’s strategic missile forces, including most of its nuclear weapons. The involvement of the Second Artillery wasn’t entirely surprising, since Sichuan is home to key nuclear installations, including the Chinese version of Los Alamos. More interesting were reports of hillsides collapsing to expose huge quantities of shattered concrete. Speculation arose that a significant portion of China’s nuclear arsenal, held in underground tunnels and depots, may have been lost in the quake.”



***


David Pilling in FT, "Why China’s leaders fear looking in the 1911 mirror".

“China’s Communist party has a difficult relationship with history. The party represents an awkward, one could say irreconcilable, confluence of change and continuity. On the one hand it wants to be seen as the guardian of the revolution that began in October 1911 and ended with the abdication of Puyi, the last emperor of China, in February 1912. On the other, it stresses its own permanence, and continuity with thousands of years of imperial rule. Having come to power by virtue of two revolutions, the republican one of 1911 and the Communist one of 1949, the party now wants to consign the idea of overthrowing governments to the dustbin of history.”



***


Andrew Jacobs in NYT, "Taking Big Risks to See a Chinese Dissident Under House Arrest".

“In the year since the blind lawyer Chen Guangcheng was released from jail and promptly imprisoned at home, a trickle of foolhardy souls has been thus rebuffed after attempting to penetrate the cordon of paid thugs who repel visitors from his village in eastern Shandong Province. Foreign journalists and European diplomats who have tried to see him have fared little better. But during the past two weeks, the trickle of would-be visitors has become a campaign, with dozens of admirers and activists from across the country embarking on the journey, human rights groups say. Inspired by a stream of microblog messages that at times overwhelms government censors, these ad hoc rights activists and their online supporters are still being turned away.”



***


Sergei Loiko in LAT, "Ex-tycoon writes of life in Russian prison".

“In recent weeks, Khodorkovsky has started a series of columns called ‘Prison Folk’ for the New Times, an influential Russian weekly political magazine. In them, he approaches his characters with the sharp eye of an intellectual observer but also the compassion of a fellow prisoner, giving his prose a touch of the desperate hope prevalent in Alexander Solzhenitsyn's classic ‘One Day in the Life of Ivan Denisovich.’ ‘Often you feel literally terrified from the sense of utterly wasted human lives, fates broken by one's own hands or by the heartless system,’ he writes in one of his most recent columns…. In a matter-of-fact way that makes the account even more wrenching, Khodorkovsky tells the story of Kolya, a young man caught with drugs. Investigators, hoping to write off an unsolved case, also want the man to confess to a petty robbery he didn't commit. Kolya agrees in exchange for a promise that he can choose a prison camp to his liking and meet with his family. But when he finds out that he is going to ‘confess’ to robbing an old woman of her cellphone, he refuses. The man is a criminal, but he has his principles. The investigators beat him up and throw him back into a cell to think, Khodorkovsky writes. ‘In a short while, he knocks on the door and when the feeder [a small window to get food] opens up, his intestines flow into it. Kolya cut himself up for real. I look at this man many times convicted and think with bitterness about many people outside who value their honor much cheaper and don't consider robbing an old man or an old woman for a couple of thousand [rubles] a special sin, even if their robbery is covered up by smart words. They are not ashamed. And involuntarily I am proud of Kolya.’”



***


Peter Pomerantsev in London Review of Books, "Putin’s Rasputin".

“Black market tickets were going for four figures. The final price? Two bottles of champagne and the opportunity for one of the theatre’s leading actresses to use my parents’ London home rent-free. It turned out that the fee wasn’t even worth a proper seat. The ushers let me in after the lights were dimmed. They gave me a cushion and told me to sit on the floor by the front row. My head spent the night knocking against the perfumed thigh of an impossibly perfect model, her brutal-looking husband seeming none too pleased. The audience was full of these types: the hard, clever men who rule the country and their stunning female satellites. You don’t usually find them at the theatre but they were there because it was the thing to do: if they ever bumped into Surkov they could tell him how much they liked his fascinating piece. The other half of the audience were the city’s artistic leaders: impresarios, directors, actors. They had a similar reason to be present: Surkov is famous for giving grants to theatres and festivals. It wouldn’t do not to have seen the play. ‘I would never go to something like that,’ a well-known journalist told me in the ‘democratic’ bar. ‘I wouldn’t want to touch anything Surkov is part of. And what about that shit Serebrennikov? Who’d have thought he’d sink to something so low? Sucking up to the Kremlin that way.’ Serebrennikov is the play’s director. He is famous for staging scandalous, subversive pieces and for always wearing sunglasses. Many think him a genius. His collaboration with Surkov is the equivalent of Brecht putting on a play by Goebbels.”



***


Maxim Kantor at Opendemocracy.net, "Rise of the lumpen elite: is this really what we fought for?".

“The lumpen upper class has come into being during the present crisis, which can be seen as a contemporary version of the classic 'collectivisation.' It bears all the hallmarks of the collectivisation of the 1930s. Both resulted in financial redistribution. Both involved the suppression of the the middle class, the very stratum that is the engine and culture medium of democracy. The rich have grown richer, the poor poorer, and common history and a common goal have ceased to exist. We keep on thinking we live in the same society as before. But we don't: the middle class has lost its rights and the ruling class has been lumpenized. The lumpenized class is the elite. The lumpen elite has created its own parallel history and meta-language, as inaudible to society as the shouts of the crowd are to the elite. The ‘avantgarde’, that mantra we invoke, has become purely decorative and has no real relation to any real social processes. Artists used to call themselves radicals because they wanted to get away from the art salons and deal with the real problems of life. Art today describes itself as radical because it is so far removed from life that it has become an artificial language. The new democratic salon has become the icing on the new cake of society. The lumpen elite is not dependent on society; it chatters away in its own joyful, daring language, without noticing that the world is on fire.”



***


Signandsight.com: Friedrich Kittler interview.

“Are you interested in Facebook?


No, not remotely. It gives me the uncanny feeling that normal people have become so unimportant for those in power and business that self-presentation is the last resort. When I arrived in California for the first time and went up Telegraph Avenue in Berkeley heading for campus, I passed a playing field full of exhibitionists running about. People dressed as harlequins begging for money or smoking dope. When I then entered campus and looked at the people there, they lowered their eyes. People either seem completely depressed or they put on a huge show and telephone loudly in the train restaurant.


Have you seen "Social Network" the film about Mark Zuckerberg?


No.


Basically, Mark Zuckerberg invents Facebook because women are not interested in him.


That leads me to one of my favourite questions: the connection between post-adolescent asceticism and innovation. Men today are able to father a child at the age of 13. In my generation most of us didn't sleep with a woman until the age of 20 or 21, only then exposing ourselves to the risk of having children. In the meantime we would come up with incredible ideas. The programmer Linus Thorvalds writes in his autobiography: ‘I never drank beer, I never had a girlfriend, I wrote Linux.’ When secondary school kids are already having sex at 14, then this period of latency shrinks. What this means for the culture of the future is an open question.”



***


Henrik Bering in WSJ on Jean-Vincent Blanchard’s book, Eminence: Cardinal Richelieu and the Rise of France.

“For Richelieu to achieve his goal of consolidating the French state, he first needed to tame feudal noblemen, who had their own private armies, and militant Protestants. Mr. Blanchard expertly details the siege of La Rochelle, a Protestant stronghold that was starved into submission. We see Richelieu and his engineers planning the dam that was built across the outer harbor to prevent the city from receiving supplies, and we find him on his flagship watching a futile English relief attempt. Inside the city, residents dragged themselves to the cemetery before expiring. Though certainly ruthless, Richelieu was no fanatic. He demanded that Protestants acknowledge the king's sovereignty, but he did not revoke the Edict of Nantes, which guaranteed their freedom of conscience. (It was later revoked by Louis XIV.) Abroad, Richelieu's pragmatism allowed him to enter into alliances with the Swedish King Gustav Adolphus and the German Protestant princes. He had a larger aim: encouraging them to bleed the Habsburgs until France could gain the upper hand.”



***


Benjamin Kunkel in London Review of Books on Michel Houellebecq’s book, The Map and the Territory.

“The casual-seeming sentences from Atomised lay bare the kind of associative chain running beneath Houellebecq’s work. Modernity as Americanisation is linked, by way of plastic surgery, to a pitiless cult of youth and beauty, and both of these to a mercenary or exploitative approach to personal relations (the loan cadged from the father-in-law); and at the end of the chain lies an abandoned child -- or murdered adult -- resembling Houellebecq himself. ‘Familles, je vous hais,’ Gide cried, but where can we find a parent discussed with more potent contempt than in Houellebecq’s letter on his mother in Public Enemies, an exchange with Bernard-Henri Levy? He never felt greater disgust for his ‘absolutely self-centred creature’, he says, than when she told him, on one of perhaps 15 encounters between mother and son, that his former nanny had asked after him: ‘She thought it was funny, inappropriate, that my old Malagasy nanny should ask her about me after 30 years; I found it incredibly touching, but I didn’t even try to explain it to her.’”



***


Maia de la Raume in NYT, "A Melodic Emblem Falls Out of Tune".

“The replacement of the bells in a $3.5 million project is part of a face-lift in preparation for the cathedral’s 850th anniversary next year that includes a renovation of the obsolete and energy-intensive lighting system and renowned organ. Not all the bells will be replaced. The great 1681 ‘Bourdon Emmanuel’ bell, which hangs in the south tower and is considered one of the most beautiful in Europe, will be preserved. It rings for major religious celebrations, popes’ visits, presidential funerals and commemorations. When Pope John Paul II died in 2005 at the age of 84, the Bourdon Emmanuel rang 84 times. Despite the concerns of those like Mr. Gilibert, only the Bourdon Emmanuel is considered by experts to have important historical significance. The smaller bells were cast in the 19th century, which many French historians consider to be recent; their metal is of low quality, and they produce a disharmonious sound, the experts say. Before the revolution, Notre-Dame had 20 renowned bells that pealed atop the northern and southern towers of the building. But after the revolution in 1789, all the bells save one were melted down to make cannons, as the revolutionaries destroyed all religious symbols and even held propaganda meetings in the cathedral. (About 80 percent of the bells across France disappeared after the French Revolution.)”



***


Dominic Lieven in FT on Norman Davies’ book, Vanished Kingdoms: The History of Half-Forgotten Europe.

“Most of Davies’s kingdoms fell victim to war and geo-politics but by no means all of them. In the cases of Savoy and Prussia, for example, realms disappeared because of their success in creating larger and more powerful countries in which their own Savoyard and Prussian identities dissolved over time. Perhaps Davies’s saddest case is that of the Rusyns, a small east Slav people squeezed between Hungary, Slovakia and Poland. Rusyn identity is often defined in negative terms -- they are not Russian, Polish or even Ukrainian. Left adrift by the break-up of Czechoslovakia in 1939, their independent statehood lasted for just one day before their former Hungarian masters re-asserted their power.”



***


Ronald & Allis Radosh in Weekly Standard, "Time for Another Harding?".

“There was general agreement in Washington that the federal budget process was a mess. For over a hundred years each department had submitted its own budget with little coordination or control. Wilson had tried to get a bill passed dealing with the budget process, but had failed. Now Harding stepped up. The Budget and Accounting Act passed on June 10. It placed the new Budget Bureau — predecessor to today’s Office of Management and Budget — in the Department of the Treasury, but made it accountable to the president. Harding appointed Dawes its director. Dawes agreed to take the job on two conditions: that he would have the president’s complete support and that he would serve for only one year, allowing him to set up effective operating procedures so that the bureau could carry on without him.”



***


MercoPress: "In Uruguay we have learnt to bury the old economic paradigms".

“He also admitted that the Uruguayan left has learnt ‘to care for inflation and not to spend more than what comes in’. ‘We want private companies, private investors to come to Uruguay and we must guarantee them that we are reliable, respect contracts and that the rule of the law prevails, which is a long tradition in the country’, said Mujica in an informal chat with some of the press that covered his European tour. ‘Before we wanted to share, really to distribute nothing, what did not exist, now we want investments to help generate jobs and wealth that we can then distribute’ said the former urban guerrilla who spent years in jail before resuming politics and building the strongest force in the Uruguayan left oriented catch all ruling coalition.”



***


Julian Baggini in FT on Steve Fuller’s book, Humanity 2.0: What it Means to be Human Past, Present and Future.

“Students and frazzled executives already pop memory and attention-boosting ‘cognitive enhancers’, while athletes look for competitive advantage via pills and syringes. More radical interventions are on the horizon, such as altering the very composition of our DNA or replacing organic body parts with better performing synthetic ones. Some even think we will eventually upload ourselves into silicon brains or virtual worlds and escape our carbon bodies altogether. You might expect Fuller’s book to give some indication of where this experiment could take us, where it should take us, and how to close the gap between the two. But, as fuller has stated elsewhere, his priority is to say what he thinks needs to be said, not what he happens to believe is true.”



***


Heather Pringle in Scientific American, "The First Americans".

“In more than a dozen studies geneticists examined modern and ancient DNA samples from Native Americans, looking for telltale genetic mutations or markers that define major human lineages known as haplogroups. They found that native peoples in the Americans stemmed from four major founding maternal haplogroups -- A, B, C and D -- and two major founding paternal haplogroups -- C and Q. To find the probably source of these haplogroups, the teams then searched for human populations in the Old World whose genetic diversity encompassed all the lineages. Only the modern inhabitants of southern Siberia, from the Altai Mountains in the west to the Amur river in the east, matched this genetic profile, a finding that strongly indicates that the ancestors of the first Americans came from an East Asian homeland. This evidence confirmed what most archaeologists suspected about the location of this homeland. It also strongly suggested that the timing proposed in the Clovis First scenario was wrong. Geneticists now calculate, based on mutation rates in human DNA, that the ancestors of the Native Americans parted from their kin in their East Asian homeland sometime between 25,000 and 15,000 years ago -- a difficult time for a great northern migration.”



***


Fred Siegel in WSJ on Vivian Gornick’s book, Emma Goldman: Revolution as a Way of Life.

“Ms. Gornick, with her own fascination for political passion, is especially insightful about Goldman's particular brand of engagement. In ‘The Romance of American Communism’ (1977), Gornick insisted that communists were the best people because, whatever their failings, they, like Emma Goldman, were more intense, more passionate than others. Similarly, she writes of Goldman that it took ‘a certain kind of mad courage’ to reject the evidence offered by experience and to go on insisting that idealism will work ‘because it must work.’ Yet Ms. Gornick is not so unswerving in her own radicalism. She has had second thoughts about the feminist movement of the 1970s…. Ms. Gornick reflects on the ‘raging intemperateness’ of the era's feminist rhetoric — ‘marriage is an institution of oppression’; ‘love is rape’; ‘sleeping with the enemy’ — and realizes now that reform wasn't the goal. ‘They wanted to bring down the system, destroy the social arrangement, no matter what the consequences’ for children, for families or anyone else. The message, she says with a note of older, wiser incredulity, was: ‘We're here to declare our grievance, and make others feel as we do. What comes later is not our concern.’ Another romantic falls out of love. For all the book's virtues, it misses the underlying implications of Emma Goldman's elitist anarchism, rooted as it was in the work of Friedrich Nietzsche and of Max Stirner, a harshly egotistical anarchist. Goldman insisted in her essay ‘Minorities versus Majorities,’ which anticipated the feminist New Left, that ‘the calamity are the masses’ and that the ‘mass itself is responsible for this horrible state of affairs.’”



***


Zac Laux in Branding Iron, "ASUW cuts funding for WAN in accordance to policy".

“The Women’s Advocacy Network submitted a funding request for $460 to fund food and a gift bag containing sexual health items, which would include one vibrator, flavored dental dams and condoms. The ASUW [Assoc. of Students Univ. of Wyoming] funding board cut $365 from the budget because the funding board cannot fund gifts, according to the finance policy. ASUW Senator Joel Defebaug said he could understand the educational value of condoms, but thought a vibrator may be too personal a gift. ASUW Senator Noah Hull said he could support funding for WAN’s vibrators if it was being used to demonstrate a point, such as how to put on a condom, but added he could not support the idea of giving the item out as a gift. ‘I don’t know how we explain to students that we used their money to buy a sex device,’ Hull said. Secretary of WAN Elena Montelone said the negative implications of masturbation can actually lead to unhealthy sexual activity. She added that giving out vibrators to students potentially reduces the negative implications attached to masturbation, thus increasing healthy activity.”



***




CT: "Hinky Dink, Bathhouse John, the Everleigh sisters photo-essay".


***


Maudlyne Ihejirika in CST, "Defender cuts editors, more staff".

“One of the nation’s oldest black-owned newspapers, the Chicago Defender, is struggling to stay afloat. The newspaper is months behind on its rent, and this week laid off a sixth of its staff. Laid off were the only two editors left among its already dwindled staff of 18 — Executive Editor Lou Ransom and News Editor Rhonda Gillespie. An accounts receivables staffer also was laid off, and the paper’s only photographer switched from full- to part-time, according to staffers at the 106-year-old, once daily paper founded by Robert Abbott in 1905. Amidst financial woes, it became a weekly publication in 2008.”



***


Jake Austen's Roctober in CT:

"Duke University Press just published a collection of memorable stories... 'Flying Saucers Rock N' Roll.' ...He pointed to a framed issue, its cover copy promising a story on 'Corn Dolly.' 'You know who they are?' he asked, studying my face, then said, 'Years ago, I went to see (Jeff) Tweedy's first band at Lounge Ax, Uncle Tupelo. Hated them. But opening was this great all-girl band from DeKalb, Corn Dolly. So I wrote about them.' He moved to a picture of the singer Sylvester. 'You know Sylvester?' he asked, meaning the drag performer/disco pioneer. 'I could never find anything written about him that I was impressed with, and I might not have found enough to write a book on the guy, but there is enough to explain the arc of his life. See, Roctober may not be powerful enough to put these people in the canon, where they probably belong, but to make the case for them. You do have to take them seriously, you do have to be obsessive to do it right.' The magazine started in 1992 at the Rhode Island School of Design, where Austen was studying painting."



***


Thanks to Jay Babcock, Steve Beeho, Mike Watt.






















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• The New Vulgate
• Joe Carducci, Chris Collins, James Fotopoulos, Mike Vann Gray, David Lightbourne
• Copyright retained by the writer, artist, or photographer

Thursday, July 28, 2011

Issue #108 (July 27, 2011)

Du Page River, Naperville

Photo by Joe Carducci


















The News Immedia
by Joe Carducci




“Do you know the dark windows of the city, you gentlemen who write continually of temples and art? Come, forget your love for things you never saw, cathedrals and parthenons that exist in yesterdays you never knew. Come, look at the fire escapes that are stamped like letter Z’s against the mysterious rectangles; at the rhythmic flight of windows whose black and silver wings are tipped with the yellow winkings of the corset and ice cream signs. The windows over the dark river are like an alphabet, like the keyboard of a typewriter. They are like anything you want them to be.”


“Night Diary” Ben Hecht 1922, Daily News, 1001 Afternoons in Chicago




The newspapers were once where it was at. They were too new to be decadent. They were making it up as they went along, often even the news they reported. The stories were real, they might’ve said, but with certain points and snags hewn off to reduce reader fiction. Readers understood the points of their papers and picked their papers accordingly. They might get a morning paper delivered and pick up an afternoon paper after work. There were likely three of each in the early 20th-century American city, not counting foreign language papers. In Vienna Karl Kraus was inventing the opinion column and with the Austro-Hungarian empire’s elite opinion to survey he found much to ridicule. He is remembered mostly by students of pre-war European Jewish culture as a self-loathing Jew, though perhaps the Wars, the Revolutions, and the Holocaust just eliminated the patience intellectuals once had for rough debate. I don’t have my Kraus books with me here in Illinois -- the recent biography is titled, The Anti-Journalist -- or I’d dig out something to shame today’s paper.

That old world Habsburg ethnic patchwork required a nimble political acumen that the crowned heads of Europe were losing to decadence. The new world ethnic patchwork of Chicago post-fire had none of Vienna’s stratification or stability. It was essentially an instant city, even compared to other new world cities. There was plenty of bad behavior, a kind of urbanizing wild west where the big money was so big and the life and labor so cheap that large civic projects commenced greased by massive boodle. No true decadence though. That you see now, everywhere. Fine, noble behavior, but decadent.

Ben Hecht, and a fair number of his colleagues in twenties Chicago news papering, were good illustrations of a point made last week regarding how high ambition in America must slum in low culture since we have no high culture. This has made our low culture uniquely high-grade compared to those of the old world. Hecht was fine with that, loved it by all evidence -- his life’s work in papers and movies. He got to Chicago from Racine in 1910 and began in papers as a picture-stealer whose job it was in those days of bulky and expensive photography to obtain photographs from the nightstands and mantels of families caught up in news stories. These were bought, rented, borrowed or stolen depending on need and opportunity. There were a fair number of newspaper pictures made in the early talkie period from Hecht’s own hand. Sound was poorly used at first in all movies but these rapid-fire cynical hilarious tragedies.

Many a degree-toting journalist today might claim to appreciate that old style of news papering, but their actions betray a reflexive middle-class Puritanism. The Murdoch tabloid scandal exposes all this. James Warren brought up Hecht and his play “The Front Page” in “Hildy Johnson Would Have Happily Hacked” without really making the connection. Underachiever that he’s been Warren makes it, rather, mere reference because he or the New York Times (or the Chicago News Cooperative!) do not wish to mitigate by an ounce any punishment the British or American legal systems may feel obliged by this immediastorm to serve up. In the general buzz since last week there has been an apparent wish to see Murdoch & family resign from News Corp and for it to be another fully corporatized multi-national faceless entity. Once in awhile the New York Times reiterates that it is determined to stay a family-owned newspaper. This usually means family-controlled via majority stock ownership. Murdoch was able to shake loose enough Bancroft family-owned stock to buy the Wall Street Journal. This he did in part because he judged the Sulzberger family-owned Times not as vulnerable; also, the Journal could be leveraged to television and its former relationship with CNBC was redirected to the new Fox Business Channel. Nevertheless the New York Times’ media columnist David Carr zeroed in on the family Murdoch in “Scandal Splinters Murdoch Family Business”, anticipating the “fairly biblical” moment when Rupert must decide between News Corp and his family:

“James Murdoch is done. He and his father both know that. His testimony curdled as he emitted it, and within two days a couple of former News Corporation executives publicly challenged it. The hooks are still in him, as Prime Minister David Cameron made clear when he said James still had ‘questions to answer.’ And so he will, gradually sinking further into the mess he has overseen. Oddly, the News Corporation’s stock began to tick up during the hearings as Rupert Murdoch testified, his large hands thumping as he dropped them to the table. But it was less about his performance than about the clear message that emerged: an era had ended. The family business is splintering. If James is out, as would seem to be the case, will his other offspring, Elisabeth and Lachlan, come swinging into view? I and others doubt that the charms of a global media enterprise being run as a corner grocery store will continue. While the family reign seems certain to fracture, the News Corporation’s own fortunes are less predictable.”


Actually News Corp’s fortunes become far more predictable absent the family. Subtract Sumner Redstone from Viacom and it’ll get pretty predictable over there too in a hurry. And yes that might please plenty of true believers in, say, competent predictable managerialism, but David misread his own paper in this instance, because what Times reporters Jeremy Peters and Brian Stelter actually reported, “In Appearance, the Murdochs Caught a Break, Analysts Say” was:

“Analysts noted that the market was watching James in particular, looking for signs of whether the man who is presumed to be the chief executive heir apparent was up to the task. ‘It was a credibility-building day for James,’ Mr. Bank said. ‘I don’t know that it makes succession by him any more definite, but it prevented what could have been the event of making it far less likely.’ And the market appeared to like what it saw. ‘Every time James spoke, the stock ticked up,’ Mr. Bank added.”


Could be Carr saw the ticker more clearly and has told these rookies to quit poaching his beat. (If he told his boss Bill Keller that much, maybe these guys are no longer with us.) Given Carr’s autobiography you’d think he more than most in the game might appreciate “the charms of a global media enterprise being run as a corner grocery store.” But no, he really has gone clean.

Precious few commentators have tried to defend and explain tabloids generally; last week’s NV linked to a fine piece in the Times itself, “Why We Need the Tabloids” by Ryan Linkof. And Brendan O’Neill first parsed Murdochophobia at Spiked (also linked to last week in NV 107, and now in Prospect, "What price a free press?”:

“Hugh Grant won rapturous applause on Question Time when he said ‘I’m not for regulating the proper press, the broadsheet press. But it is insane that the tabloid press is left unregulated.’ The Independent’s Yasmin Alibhai-Brown even suggested in a debate on BBC radio that perhaps journalists should require a licence — from the state — before they can report and write. When the issue of licensing was put to Alan Rusbridger, editor of the Guardian, in a debate about tabloid phone-hacking, he would only say that the ‘notion of state licensing for the press’ made him feel ‘anxious.’ ‘But I’d be interested to hear other views,’ he added. A newspaper editor who only feels ‘anxious’ about state licensing of newspapers, rather than, say, angry or outraged, might want to ask himself if he is in the right profession. Newspapers did once require a license from the authorities, but that system was abolished in the late 17th century, after coming to be seen as an abomination against freedom of the press and freedom of thought.”


I suspect there is an amount of Royal prerogative-envy running loose along the neurons of our meritocratic elite. They don’t quite actively fear licensing or regulation or control because it would certainly be they themselves, speaking in class terms, doing the licensing or regulating or controlling. There’s also a solid disbelief that their credentials might ever fail to keep them immune from whatever might buffet the working class -- globalization, rotten schools, open borders, the caliphate…. They consider that they are in touch with the cool part of the working class, and black culture, and so they are working class, they are black, just as they eat at all the best immigrant restaurants and taco trucks. This casual blue-blooded narcissism calls to my mind Charles Manson who with his Family intended to provoke a race war that blacks would win and then being ignorant blacks would require the surviving whites, Manson & Co., to administer their society, or Los Angeles anyway.

It shouldn’t surprise us that the news media has no true appreciation for its own history and is actively pursuing the destruction of its true purpose. I’ve said it before and I’ll say it again, mass higher edumucation yields more pretense than knowledge or wisdom. Thinking is clear and moves like water; kids in fallen liberal arts colleges or film schools aren’t exposed to thinking but are encouraged to adopt a number of accepted ideas since they are of more use in constructing a suitably cool lifestyle. These ideas are opaque and solid and can be thrown like rocks, or pebbles really. This explains NPR, hipsters, the overwhelming use of characters like Sarah Palin to help define what one is not. Back in the eighties fat, bad-taste, late Elvis was used similarly as a totem of unpretentious cool in the face of perhaps the last great cultural challenge rock and roll was providing. Now canned beer will do that for you.

Today the media and university culture service and are part of a lifestyle left that doesn’t have the intellectual exoskeleton of even the sixties New Left which had jettisoned the Marxist vertebrae of the Old Left. So it suns itself blob-like before its cultural mirror, tending first and foremost to the opponent of its dreams -- a fanciful Right that somehow remains Cold-Warrior, Neo-Con, Libertarian, Protectionist, Isolationist, Racist, Capitalist, Royalist, and anything else that comes in handy. This doesn’t allow for much to get done politically in our bicameral legislature, even when right now several major issues lend themselves to cross-aisle deals. Offhand these deals-gone-wanting probably include cutting military spending and commitments, decriminalizing drugs, and breaking the inside game between big business and the federal government, i.e., no more too-big-to-fail bail-outs.

There may not be this consensus in the center but because of lazy interference run for purposes of lifestyle defining social coloration by the news media, there cannot be tests of the Left-Right coalitions possible on these and other issues. The Democrats probably think a government shutdown would reprise President Clinton’s trouncing of Speaker Gingrich, but there’s this economic-currency-governmental crisis that probably precludes the kicking of the can, The Can of Cans, further down the road. Europe has let down its biggest fans in the Democratic Party by turning all those third ways into one even bigger can of worms: an economic-trade-currency-governmental-race crisis. The New Right here is entertaining many new ideas, some formerly or still Left ideas. Many center-left critiques of the Left over the years suspected that productive political outcomes rated low on the priority list of those most interested in displaying themselves in told-you-so Cassandra postures predicated on the mixed Old-New Left fantasy image of Amerika the Ugly. The nihilist fantasy of remaining righteous in the belly of the beast doesn’t allow for serious political purpose if one might even fool an electorate outside San Francisco long enough to get elected.

The newsmedia mainstream is simply outing itself in its own determined pandering to Left-Liberal fantasy maintenance with Sarah Palin overkill. It was understandable that her convention speech was going to take the entire campaign to digest but when the election didn’t stop the Palin coverage something else was up. A Dummy Right is being propped up so the meritocracy needn’t work to earn its prerogatives. The news media provides a ventriloquist’s voice for this dummy. When considering Jon Stewart I think of Lenny Bruce and Rush Limbaugh. Jon Stewart has made himself a true weathervane for journalists. They’re so unhip they believe his MTV pedigree is valuable, or perhaps even invaluable! And who in the news media of that day was ready for Lenny Bruce? The sixties newspapers many of which had been semi- or even cutting edge hip forty years earlier had been tamed by FDR, the cold war, and finally television with its visible etiquette of middle class family room propriety. The Chicago Tribune in the sixties was actively trying to lose the last of its roaring twenties hip (Hecht, Lingle, Gould, et. al.). It had lead the losing fight against New Deal somnambulism and interventionism (all this overdue for a revisionist look), and by the sixties was attempting to get hip to the coming Woodward & Bernstein storefront-lawyers style of new-snooze. Lenny Bruce meanwhile was walking the plank pursuing some kind of free-style commentary that had burst out of comedy, burlesque, jazz and drug-use which led him to tour jails in tandem with nightclubs. He lost his television spots on variety shows and late night. Limbaugh came out of the last years of interesting AM music radio and as a result has an anomalous working knowledge of early 70s pop and soul. Stewart, Bruce and Limbaugh are primarily newsmedia monitors. Bruce went through the news media to the police blotter itself and ended up riffing off of his own court transcripts. The simpatico critique Stewart provides nightly journalists just eat up. But they don’t recognize themselves in Limbaugh’s take, even when he’s using audio clips. They hear his show as so much bloviating or shrieking -- unlistenable. I remember Rush describing his studio setup one day back in the nineties when he was following some breaking news story; he had one of those screen splitters which meant he had a checkerboard of each news channel and network so he could monitor who was live with the story and at what level of on-air talent. The news divisions don’t appreciate critical scrutiny and knowledgeable comparison; they hear it as hateful invective. They famously dish it out while exhibiting thinner and thinner skin.

The word is soon-to-be ex-Exec Editor Bill Keller will stop his NYT Magazine column where he regularly bigfooted his media beat reporters by stomping gratuitously on Times competitors. He’ll now be on the opinion pages lobbing such columns as Frank Rich or Gail Collins and other in-house somnambulists have specialized in. Rich is soon to be recapping his television viewing in New York magazine. Again, I caution: Watching television is not as easy as it looks!

Coverage suggests that Rupert Murdoch and son James are famously hands-on owners but certainly, though Rupert loves newspapers, his company is subsidizing them through television, satellite television, movies, sports, and he’d hoped MySpace. The internet is claiming most waking hours of anyone at the top of a media company; for Murdoch it’s the various sites and The Daily, for the NYT it is their paywall which must work before the print edition begins sinking. Any newspaperman, any lover of newspapers can’t seriously cheer Murdoch leaving this sunset industry while there is a single lumen left on that western horizon. It’ll happen too soon as it is. This cheering we hear then is from some other sort of being, one standing in the info-stream but not getting wet.



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Immedia Addendum


Seth Mnookin in New York, "The Kingdom and the Paywall".

“‘I’ve always kept this one,’ he said. ‘This is the Time magazine piece on my father about how he was such an awful publisher that the newspaper wasn’t going to survive.’ The cover features an illustration of Sulzberger’s father in bed, surrounded by copies of the Times’ ‘light’ news sections — ‘Home,’ ‘Living,’ and the like. The headline reads, ‘Coping With the New New York Times,’ and the story, Sulzberger told me, was about how his father ‘was destroying the paper; it’d never been in worse shape. By the way, [that] was just months before they launched the four-section daily, remade the entire paper’ — an illustration, Sulzberger said, of how ‘people don’t have the insight they think they have, and so they react, too frequently, in the moment.’ As it turned out, the piece was a fairly positive account of his father’s effort to remake ‘America’s greatest newspaper’ — evidence, if more were needed, of the painfully thin skin of a man who has spent decades on the defensive.”



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David Leonhardt’s farewell Business Section column in the New York Times, “A Knowing Nation With Issues or Lessons From the (U.S. Economy’s) Malaise” is quite revealing of just where his blind spots are as he ticks off in a sub-Rumsfeld way, just what we know politically and economically. It’s worth reading because he’s gone to D.C. to head that NYT’s bureau. Ira Stoll, late of Smartertimes.com, and now at Futureofcapitalism.com notes this promotion and presents links to his recent commentaries on several misbegotten Leonhardt columns.


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I was going to assess this Michael Powell column in the NYT, “Government Can’t Help? Tell That to the South Bronx” where he concludes after cooking the books on the Bronx, “The era of government may be in danger. But it saved the South Bronx,” but Ira Stoll does a better job on it than I could have and pulls in a year-old Washington Monthly essay of last year that is to the point.


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David Gelles & Andrew Edgecliffe-Johnson in FT, "Thomsons grow restless over Reuters’ progress".

“The family behind Thomson Reuters is pushing for faster results from the three-year-old merger of Thomson Corporation and Reuters, which initially exceeded promises of integration benefits, but has struggled to introduce a central new product in its markets division. People close to the board say the Thomson family, which still controls about 55 per cent of the financial and professional information group through its holding company, Woodbridge, is growing impatient with the pace of change after a year in which shares have fallen by 10 per cent…. ‘Eikon is a fantastic idea and if they have time it will go far,’ said Mr Taylor. ‘It won‘t be a Bloomberg killer, but it will reset the bar for Thomson Reuters.’”



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Anthony Lane in New Yorker, "Hack Work".

“For a small nation, Britain has an awful lot of national newspapers. Six days of the week, you can choose among five tabloids, some of them known, for reasons of design rather than of ideology, as ‘red-tops’ (the Sun, the Daily Mirror, the Daily Express, the Daily Star, and the Daily Mail), and five broadsheets — the Times, the Guardian, the Independent, the Financial Times, and the Daily Telegraph. Only the last two are still technically broadsheets, in terms of their page size, but the term has adhered to anything that lays claim to higher ground…. This barrage of print has one overriding effect: in Britain, you cannot hear yourself think. You never really notice this until you leave the country, whereupon the white noise suddenly stops. The noisiest paper, without doubt, was the News of the World, which resounded with three continuous notes. The first and most defensible was sport; last year, the paper laid bare a match-fixing racket in Pakistani cricket — a bigger and more lucrative deal than it sounds. Then, there were television performers, who furnished an astounding proportion of the paper’s stories. (When historians come to measure the age of Murdoch, that symbiosis between media will loom large.) Last and most cacophonous, there was the assumption, or the ardent hope, that somebody, somewhere, was having sex with somebody he should not be having sex with.”





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Philip Stephens in FT, "Now for a slimmer, more distinctive BBC".

“The BBC has been enjoying Rupert Murdoch’s troubles. In the humbling of News Corp, it has cheered the dispatch of an implacable enemy. Britain’s public broadcaster should be careful about gloating. It has business of its own to attend to, starting with the rediscovery of its public service mission. Like everyone else in the public realm, the BBC must come to terms with straitened times. A cash freeze in the licence fee implies a cut of 20 per cent in its budget by 2015. The corporation should not expect sympathy. To the contrary, it should see an opportunity in austerity. The BBC does lots of things well and too many badly. It has seen the digital revolution as a chance to compete with everyone, everywhere. The endless quest for audience “reach” has elbowed aside quality. BBC journalism has joined the tabloids in suborning accuracy to impact. The licence fee was not invented to indulge BBC executives who style themselves members of a new global media plutocracy.”



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Christopher Bland, former chairman of BBC and then British Telecom, formerly a creature of the Post Office, is somewhat exercized over the matter of James the Younger's performance for shareholders in his press release in the Financial Times, "Why James Murdoch Should Resign Today". The hearings must've interrupted his high tea or his telly watching. Underlying his complaint is the public sector's assumption that its public monies are clean and anyone's private monies dirty.

"If BSkyB is to avoid several months of Murdoch-dominated limbo, its board must be radically reconstructed, starting at the top. James Murdoch’s tenure at BSkyB has been successful. He managed to lose around £350m on investment in ITV, an error of judgment that would for mere mortals have proved terminal. But his strategy of building up a subscriber base, increasing average revenue and diversifying into broadband has worked well. Nevertheless, he should go. There has always been a conflict of interest in chairing a company for which he was also bidding. That conflict still exists. More importantly, his evidence to the select committee relied heavily on ignorance about crucial e-mail evidence. His 'wilful blindness' showed at best a lack of curiosity, and at worst a failure to ask questions, for fear of hearing unacceptable answers."



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Charles Madigan, now a professor of journalism at Roosevelt U., and one of the anonymouses who successfully scrubbed the last traces of Colonel-authored greatness from the Chicago Tribune asks alas non-facetiously, “Can journalism survive Murdoch?”

“There may well not have been a civil rights era in America without the press and TV news. And while John F. Kennedy may have been the president who called for a trip to the moon, Walter Cronkite was the national host who raised the engineering and physics of space travel to poetry and read it right into the living rooms of the nation. Yes, things have changed. The people who decided journalism was a profit center managed to squeeze the profit very well. They did not simply throw out the baby with the bath water, they simply crushed the little critter. Most likely all of that happened a long time ago in Britain, where people like the Australian Murdoch found an eager audience for the stinky mess that fronts many British tabloids. It was a numbers game in a media that depended more on circulation than advertising. Tapping the smelly masses, that's what it's all about.”



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John Lloyd in FT on William Rees-Mogg’s book, Memoirs.

“His high opinion of Murdoch derives from his time as editor of The Times from 1967-1981, which culminated with the Australian’s acquisition of that newspaper and the Sunday Times from the Canadian Thomson group. As he writes, Murdoch -- by smashing the power of print unions that had escaped the control not just of management but of their own officers -- helped secure a future for an industry that might have been much grimmer and more impoverished. Rees-Mogg’s journalistic apprenticeship was served on this newspaper in the 1950s. He secured a meeting with the editor, Sir Gordon Newton, because Shirley, now Baroness, Williams had written a profile of him in an Oxford student paper when he was president of the union, which had him reading the FT at breakfast. For an editor scouting for the cream of Oxbridge, he was a natural choice.”




















Drawing by James Fotopoulos


















From the Kroehler Desk of Joe Carducci…


Christian Oliver in FT, "Chaebol pulled into ‘tofu war’ as Seoul backs small companies".

“Seoul plans to designate a range of business sectors -- such as tofu-making -- as exempt from competition or takeovers by the chaebol, mighty family-run conglomerates such as Samsung, Hyundai and Lotte. A commission is reviewing 230 business areas that could be reserved for small- and medium-sized enterprises. Other than tofu, the commission is considering a protected status for products such as soap, light bulbs, industrial moulds, satellite receivers, bottles, sunglasses, toys and vacuum cleaners.”



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David Pilling in FT, "High time to concede the Thai king can do wrong".

“Thailand has the most strictly enforced lese majesty laws in the world. David Streckfuss, a US academic who has extensively researched the subject, reckons they are as ferociously applied as in absolute monarchies of the past. Any Thai is free to point the finger at anyone else, opening their use to witch-hunts or political vendettas. There is no defence on the grounds of truth or public interest.”



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Jamil Anderlini in FT, "Beijing’s fear of social nightmare slows fulfillment of urban dream".

“China’s economic development ‘suffers from a serious lack of balance, co-ordination and sustainability’. Those are not the words of an ultra-bearish hedge fund manager. They come from a speech delivered three weeks ago by Chinese President Hu Jintao and they show that the ruling Communist party understands better than anyone the momentous challenges it faces in managing the world’s second-largest economy.”



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Kathrin Hille in FT, "Symbol of hope in Hotan yet to reap rewards for region’s Uighurs".

“Home to the lion’s share of the country’s onshore energy reserves, Xinjiang is populated by a Turkic people, most of whom do not want to be part of China. Beijing revamped a programme under which richer provinces act as donors and investors for different parts of Xinjiang. It promised to bring in fresh investment and vowed that more attention would be paid to regional disparities.”



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Andrew Jacobs in NYT, "As China Steps Up Web Monitoring, Many Wi-Fi Users Stay Away".

“New regulations that require bars, restaurants, hotels and bookstores to install costly Web monitoring software are prompting many businesses to cut Internet access and sending a chill through the capital’s game-playing, Web-grazing literati who have come to expect free Wi-Fi with their lattes and green tea. The software, which costs businesses about $3,100, provides public security officials the identities of those logging on to the wireless service of a restaurant, cafe or private school and monitors their Web activity. Those who ignore the regulation and provide unfettered access face a $2,300 fine and the possible revocation of their business license.”



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MercoPress: "China determined to break the grip of the three major global iron ore miners".

“‘China currently owns less than 10% of imported iron ore. We should seek 50% of ore from Chinese-invested overseas resources in the next five to 10 years,’ he said. Li's remarks underscored the ambition of Chinese companies to secure steady supplies of ore globally. Luo Bingsheng, deputy Party secretary of the association, said earlier that China has overseas mining rights capable of producing 150 million tons of ore annually, but most of the mines have yet to start production. He accused the major global mining companies of taking advantage of supply falling short of demand to set prices at unreasonably high levels, squeezing profits from Chinese steel mills.”



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FT Profile: "Carson Block, the short seller".

“Just a year ago, Carson Block was the little-known boss of Love Box, a struggling self-storage company in Shanghai. Today he is the best-known short seller in the China market, having triggered collapses in the share prices of six Chinese companies listed in the US and Canada, three of which have subsequently been suspended or delisted. ‘I realized this problem was systemic and that I’ve got the skillset to expose these frauds and take them out of the market,’ Mr Block told the Financial Times in a recent interview. A 35-year-old New Jersey native and fan of 1990s gangsta rap music, Mr Block published his first report on his Muddy Waters Research website on June 28 2010, alleging fraud at a company called Orient Paper, which trades on the American Stock Exchange. ‘By hitting send on that report the world changed tremendously for me,’ he says.”



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Jeremy Page in WSJ, "U.N. Clears China Sea-Floor Plan".

“The Jiaolong is diving at a site between Hawaii and the North America mainland, where China was granted rights to explore for minerals in 2001 by the International Seabed Authority, a U.N. body that oversees mining in international waters. ISA, meeting at its headquarters in Jamaica, said it had approved on Tuesday applications from China and Russia -- the first from any countries -- to explore relatively newly discovered deposits called ply metallic sulphides that form around volcanic vents in ridges on the seabed.”



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Dan Levin in NYT, "China Is Unprepared To Replace Retiring Yao".

“‘China has no shortage of this kind of talent,’ he said. ‘We simply have coaching and systemic problems that prevent us from discovering and developing these players.’ While the United States develops players through an almost Darwinian process of natural selection in youth leagues, high school teams and colleges, China has a rigid, Soviet-inspired state network of athletic schools, coaches and bureaucrats that selects players as early as age 4. Yao, the son of exceptionally tall basketball players, was a 5-foot-7 third grader when he was plucked by a local sports school for a life of endless drills geared entirely toward molding him into Olympic material. Every professional Chinese player has a similar body and biography. And yet, before and during the 30-year-old Yao’s N.B.A. career, China has managed to reach only the Olympic quarterfinals.”



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Urmila Venugopalan at YaleGlobal, "Sorry, Pakistan: China Is No Sugar Daddy".

“The Turkistan Islamic Party (TIP), a Uighur separatist group that Beijing often blames for terrorist attacks within China, appears to have a sanctuary in the borderlands of Afghanistan and Pakistan. TIP leaders were killed in South Waziristan and North Waziristan, in September 2003 and February 2010, respectively. Chinese leaders fear that the reduction in U.S. military aid to Pakistan -- coupled with the impending drawdown of American troops from Afghanistan -- could afford the Uighurs a safe haven outside Beijing's control. Indeed, Afghanistan looms large in China's strategic calculus. Media reports highlighting the discovery of nearly $1 trillion in untapped mineral deposits in Afghanistan surely have piqued Chinese interest in bolstering relations with Kabul. With its export-oriented economy heavily dependent on raw material imports, the prospect of cheap resources on China's periphery is understandably appealing. Acutely aware that Pakistan's generals will play an integral role in Afghanistan's future, Beijing will be keen to leverage its close ties with Rawalpindi. But only up to a point. The relationship is more asymmetric than Pakistan would like to admit.”



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NYT: "Pakistan Spies On Its Diaspora, Spreading Fear".

“F.B.I. agents hunting for Pakistani spies in the United States last year began tracking Mohammed Tasleem, an attaché in the Pakistani Consulate in New York and a clandestine operative of Pakistan’s military spy agency, the Directorate for Inter-Services Intelligence. Mr. Tasleem, they discovered, had been posing as an F.B.I. agent to extract information from Pakistanis living in the United States and was issuing threats to keep them from speaking openly about Pakistan’s government. His activities were part of what government officials in Washington, along with a range of Pakistani journalists and scholars, say is a systematic ISI campaign to keep tabs on the Pakistani diaspora inside the United States.”



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Mihir Bose in FT, "India bats its way up the new world order".

“The event broadcast the power of India’s diaspora: the Indians wanted the English to know that England’s old colony now controlled this newly globalised game. India tops the world’s cricket rankings, but they are the game’s new moneybags too -- providing more than 80 per cent of the game’s global income. A series with India now makes more money for England than even the contest against their own rivals Australia, because of the sale of televised rights to the hungry Indian market.”



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Vikas Bajaj in NYT, "Factories Find Favor".

“Mr. Date’s company is emblematic of a recent surge in exports of engineered and other sophisticated goods from India — a country perhaps better known for exports of skilled services like software outsourcing. But in fact, Indian exports of goods are now nearly double exports of services, growing 37.5 percent, to $245.9 billion, in the 12 months that ended in March. Leading the way are high-value products like industrial machinery, automobiles and car parts, and refined petroleum products. Indian exports are following a different path from that taken by other Asian countries like Japan, Korea and China. Those countries started by exporting products like garments and toys made by large numbers of low-paid, low-skilled workers, before moving to more sophisticated products like cars and industrial machinery.”



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Ramachandra Guha in FT, "India is too corrupt to become a superpower".

“The sociologist Ashis Nandy once noted that ‘in India the choice could never be between chaos and stability, but between manageable and unmanageable chaos’. He wrote this in the 1980s, a decade marked by ethnic and caste violence, and bloody religious riots. It applies even more to the India of today, however, and is being made worse by the deterioration and corruption of India’s ruling political elite.”



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Robert Worth in NYT Magazine, "Yemen on the Brink of Hell".

“She looked up and saw that the officers on the building’s roof were not just throwing rocks, as they had in the past. They were firing straight down into the crowd below. Within minutes, at least four people were dead and about 60 were wounded. Maqtari began running back toward ‘Freedom Square,’ the intersection where thousands of protesters had been camped out for months demanding the resignation of Ali Abdullah Saleh, Yemen’s strongman president. Then the real assault began. Armored vehicles, tanks and bulldozers began converging on the protesters’ tent city from all sides. They fired tear gas and water cannons into the square and began shooting protesters at point-blank range. They doused the tents, which extended for hundreds of yards in every direction, with gasoline and lighted them on fire. None of the protesters had weapons. ‘People were dying all around us, and there was nothing we could do,’ Maqtari told me. Some were burned alive. At around 11 p.m., Maqtari fled to her sister’s house, about 200 yards uphill from the square. There, she and other protesters watched as flames engulfed the entire square, raging for several hours. Officers stormed through the local hospital and several field clinics where protesters were being treated, firing tear gas down the corridors, shooting up the ceilings and arresting doctors and nurses. Some thrust their gun butts into patients’ wounds. Others were laughing hysterically, as if they were on drugs, Maqtari and others told me, and shouting into the darkness, ‘Ali is your god!’ The next morning, amid the charred remains of the tents, someone had scrawled a sardonic reversal of the protesters’ chants on a wall. ‘The regime wants the fall of the people,’ it said.”



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Abigail Fielding-Smith in FT on Theo Padnos’ book, Undercover Muslim: A Journey into Yemen.

“Unsatisfied by the worldly capital, Padnos and his friends decide to seek admittance to a remote religious community in Dammaj in the north where thousands of foreigners come to study and pray under the guidance of a Salafi (Sunni fundamentalist) imam. But even here the purity they seek is not unsullied. According to one young man from north London living there, it is also home to a flourishing black market in weapons and sex with boys. And there is an uneasy awareness that the showy austerity is supported by ‘a certain family of petrocrat neighbours to the north… now pouring layers of gold and marble over the holy sites of Islam’.”



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George Will in Washington Post, "Sustaining the Unsustainable".

“Thanks largely to the Tea Party, today, more than at any time since Reagan’s arrival 30 years ago, Washington debate is conducted in conservatism’s vocabulary of government retrenchment. The debt-ceiling vote, an action-forcing mechanism of limited utility, has at least demonstrated that Obama is, strictly speaking, unbelievable. Five months ago he submitted a budget that would have accelerated indebtedness, and that the Democratic-controlled Senate rejected in May, 97 to 0. Just three months ago he was demanding a ‘clean’ increase in the debt ceiling, containing nothing to slow the spending carousel. Now he calls for ‘the largest possible’ debt-reduction deal. Today, he says, ‘If you look at the numbers, then Medicare in particular will run out of money and we will not be able to sustain that program no matter how much taxes go up.’ Last year he advertised Obamacare as a sufficient reform of health care.”



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Gary Fields & John Emshwiller in WSJ, "As Criminal Laws Proliferate, More Ensnared".

“The U.S. Constitution mentions three federal crimes by citizens: treason, piracy and counterfeiting. By the turn of the 20th century, the number of criminal statutes numbered in the dozens. Today, there are an estimated 4,500 crimes in federal statutes, according to a 2008 study by retired Louisiana State University law professor John Baker. There are also thousands of regulations that carry criminal penalties. Some laws are so complex, scholars debate whether they represent one offense, or scores of offenses. Counting them is impossible. The Justice Department spent two years trying in the 1980s, but produced only an estimate: 3,000 federal criminal offenses. The American Bar Association tried in the late 1990s, but concluded only that the number was likely much higher than 3,000. The ABA's report said ‘the amount of individual citizen behavior now potentially subject to federal criminal control has increased in astonishing proportions in the last few decades.’”



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Scott Kilman in WSJ, "Crop Prices Erode Farm Subsidy Program".

“Land prices are way up and so are bank deposits, as high corn and soybean prices mean local farmers are making the most money in their lives. At Sloan Implement, which sells John Deere tractors, ‘This could be our best year ever,’ says chief executive Tom Sloan. An exception to the boom is the local office of the U.S. Agriculture Department, the dispensary of federal payments to farmers from an array of arcane programs with names like ‘loan deficiency’ and ‘milk income loss.’ On a recent afternoon, the parking lot in front of the squat brick building behind a Chinese restaurant was nearly empty. The reason: Payments from America’s primary farm-subsidy program, dating from the 1930s, have stopped here.”



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Dan Mihalopoulos in NYT, "The City Payroll May Include a Few Too Many Bosses".

“In City Hall’s Department of Family and Support Services, the relatively small band of employees receive supervision from no less than one commissioner, 14 deputy commissioners, 4 assistant commissioners, 6 assistants to the commissioner and 17 others with the word ‘director’ in their titles. Budget consultants hired by city-employee unions calculate that the department has more than 200 employees in various supervisory roles and 334 ‘front line’ workers, for a ratio of about 1.6 staff members per manager. After weeks of remaining mostly quiet during a public relations barrage from Mayor Rahm Emanuel, labor leaders are preparing to respond with cost-saving alternatives to Mr. Emanuel’s decision to lay off as many as 625 city workers. Union officials will urge him to reduce the number of managers in Family and Support Services as well as other top-heavy departments instead of laying off their members, according to a section of the consultants’ draft report obtained last week by the Chicago News Cooperative. ‘Fewer workers are actually doing the work and an excessive number of supervisors and managers are overseeing the work,’ the consultants contend in the report. ‘We don’t need to be firing any more of the people actually doing the work — we need to get rid of the excessive number of people watching them do it.’”



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Mark Konkol in CST on Mark Weinberg’s book, Mayor Culpa: Gone But Not Forgiven.

“In the ’90s, Weinberg published Blue Line, the unofficial Blackhawks program. His target was late Hawks owner Bill Wirtz, who also was the subject of Weinberg’s first book, Career Misconduct, which detailed his take on Wirtz’s business dealings. In fact, Weinberg was arrested three times for hawking that book outside the United Center allegedly in violation of the city peddling ordinance. He sued City Hall claiming his arrest violated his right to free speech since he was selling a book. He won the case in the appellate court and the U.S. Supreme Court declined to consider it further. In skid row circles, Weinberg is known as the patron saint of panhandlers. In 2003, he got City Hall to settle a class-action lawsuit he filed on behalf of beggars who were arrested and ticketed illegally. Panhandlers who were arrested got $400 each, and lawyers, including Weinberg, split nearly $400,000 in attorneys fees. The lawsuit was far more lucrative than the book.”



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John Kass in CT, "Landscape is new, but it’s the same Chicago Way".

“Once he was a rock star. If you want to understand Chicago you've got to understand that when Hanhardt would show up in a police district station, you'd think the Beatles had arrived. They'd crowd around him, because he was the guy who could make things happen. He could make a detective with a nod of his head, or have somebody's brother-in-law transferred. He ran things. And his friends were the guys who ran City Hall. On Tuesday he wasn't a rock star. He was an 82-year-old man eased into a Near West Side halfway house, to sleep there nights and walk free by day, to find a relentless truth: Things change. But the Chicago Way is the one street that remains constant. The Outfit paved it years ago with local politicians and bureaucrats who control licenses, and with judges and lawyers and law enforcement honchos like Bill Hanhardt. ‘He comes out, the landscape has changed on him,’ Hanhardt's former friend and former Chicago Police Superintendent Richard Brzeczek told me Tuesday. ‘He's old, but he did survive prison. That's something.’”



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Emily York in CT, "Wrigley leaving its longtime home".

“Occupancy at the Wrigley Building, which has not been designated a historic landmark, is at 60 percent, according to the company, which is well below average for office buildings in the area. Without Wrigley, occupancy would stand at 35 percent. Tenants include the advertising firm Energy BBDO, Allstate Insurance Co. and the Chicago Foundation for Education. Wrigley's Pharoah acknowledged that the interior needs extensive renovation and that the company has known for years that increasing occupancy would require a significant investment. He added that the second floor of Wrigley's north and south towers have been vacant for at least a decade. The company made the decision to leave its downtown headquarters about 10 years ago, he said, and construction on the Goose Island campus began in 2003.”



Great shot of "Wrigley Building before the city built up and over its height".


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Max Colchester in WSJ, "France Telecom Will Bid Adieu to Minitel".

“That Minitel survived so long is a reminder that even in today’s fast-changing technological world the key to online success lies with a sturdy, easy-to-use system that guarantees a secure connection. ‘Its success was that it allowed people all over France to access a whole new world of information,’ says Tariq Krim, the chief executive of French start-up Joliclolud, who learned to program software using a Minitel. ‘Its downfall was that it was a closed system that refused to adapt.’”



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Pierre Haski at YaleGlobal, "Is France on Course to Bid Adieu to Globalization?".

“Montebourg is no radical spokesman. With him, the cry for deglobalization has moved towards mainstream politics. He remained within the ranks of the old PS when maverick politicians such as Jean-Luc Melenchon abandoned it, to create a new party left of PS, following a series of electoral defeats. The effort emulates Germany's Die Linke, an alliance that includes remains of the old communist party and disenchanted former social-democrats who criticize the party’s support for ultraliberal reforms. Today, Montebourg finds himself in an informal coalition of supporters of deglobalization, including Melenchon's Front de Gauche, or Left-Wing Front; former Defense Minister Jean-Pierre Chevènement, another PS defector; and much to his dislike, extreme-right-wing candidate Marine Le Pen, the daughter of National Front historical leader Jean-Marie Le Pen.”



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Stefan Wagstyl in FT on Andrzej Stasiuk’s book, "On the Road to Babadag: Travels in the Other Europe".

“Lurking beneath his romanticism is an appreciation of the conflicting realities. ‘Yes, everyone should come hee [Albania]. At least those who make use of the name Europe… Albania is the unconscious of the continent. Yes, the European id, the fear that at night haunts slumbering Paris, London and Frankfurt am Main. Albania is the dark well into which those who believe that everything has been settled once and for all should peer.’”



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Dominic Sandbrook in Daily Mail, "Euro-geddon".

“So far, Britain has escaped the worst of the eurozone meltdown, and for the time being the Greek deal seems to have staved off a market crash. But when the financial contagion spreads to Italy and Spain, as it surely will, then British banks, manufacturers and construction firms, the City of London and thousands of exporters will face an almighty reckoning. It is hard to resist the feeling that public opinion has reached a tipping point. European enthusiasm, never strong in this country, curdled into indifference and suspicion long ago. But the looming collapse of the euro — a disastrous experiment we would have joined if Tony Blair and Peter Mandelson had had their way — represents something different. Ten days ago, one opinion poll found 66 per cent of Conservative voters would choose to leave the EU if a referendum were held tomorrow.”



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Bruce Bawer in WSJ, "Inside the Mind of the Oslo Murderer".

“But I was stunned to discover on Saturday that Breivik was a reader of my own work, including my book While Europe Slept: How Radical Islam Is Destroying the West from Within. In comments posted in 2009 on a Norwegian blog, document.no, Breivik expressed admiration for my writings, but criticized me for not being a cultural conservative (although he was pleased that I was not a Marxist, either). Later on Saturday came news of a 1,500-page manifesto, entitled ‘2083: A European Declaration of Independence,’ that Breivik had recently written and posted online. The first half, in which he indicts the European cultural elite for permitting Islam to take root in Europe, makes it clear that he is both highly intelligent and very well read in European history and the history of modern ideas. In the second half he describes himself as having revived the Knights Templar. He also outlines in extreme detail how he and his fellow anti-jihadists can acquire weapons, ammunition and body armor and thereupon proceed to use ‘terror as a method for waking up the masses’ to the danger posed by Islam. This makes it clear he is completely insane.”



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Joseph Nye in WSJ, "Another Overhyped Challenge to U.S. Power".

“But the future relevancy of BRICS depends on the diplomatic efforts of China to expand its influence. Some years ago, Brazil created an organization called IBSA that held summits of the three large democracies: India, Brazil and South Africa. China, not a democracy, has now suggested that IBSA be wrapped into the BRICS framework. At the same time, China has resisted the claims of India and Brazil for permanent membership on the U.N. Security Council that would rival its own status.”



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John Miller in WSJ, "WTO Chief Blasts Small Pacts, Says They Hamper Global Opportunities".

“The Doha Round has failed, said analysts, because it is too difficult to get meaningful concessions from 153 countries at the same time. Tariffs are already low around the world, and countries are even more hesitant to change their regulations to suit trading partners. They are more eager to do so within a small coalition of trading aprtners, ‘if, for example, they can be allowed to cut out a developing-world partner, such as China,’ said Mr. Evenett.”



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Jack Willoughby in Barron’s, "Gloomy Forecast for Europe’s Banks".

“Time and again, Sean Egan and his team at Pholadelphia-based Egan-Jones Ratings have made important calls months ahead of their better-known rivals. The firm has won grudging respect for its work on Ambac, CIT, Countrywide, General Motors, IndyMac, Lehman Brothers, MBIA and New Century, all of which encountered big problems after getting poor credit grades from Egan-Jones. The firm is a Securities and Exchange Commission-regulated rating agency, whose customers pay for the research and the rating. In contrast, Moody’s, S&P and Fitch are paid by the issuers of the securities that they are rating.”



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Andrew Smithers in FT, "The conditions for the next crisis are firmly in place".

“Financial crises occur when debt levels are excessive and asset prices fall. The severity of the recession that ensues can then be mitigated by large increases in government deficits and large cuts in interest rates. Today the conditions for the next financial crisis are already in place. Debt remains at pre-crisis levels and US equities and UK property are seriously overpriced. But the ability to reduce the impact of the next recession with large increases in government deficits and sharp falls in interest rates has vanished.”



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Ira Stoll at Reason.com, "Five Facts About the Debt".

“You can fool around with inflation and with the percentage of GDP and with the revenue side of the equation, but the bottom line is that the federal government is spending about double what it was at the end of the Clinton administration. For all the clamor on the left to bring back the Clinton-era top tax rates, there are few, if any, politicians in Washington talking about bringing back the Clinton-era spending levels.”



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John Taylor in WSJ, "The End of the Growth Consensus".

“Economic policy in the ’80s and ’90s was decidedly noninterventionist, especially in comparison with the damaging wage and price controls of the ’70s. Attention was paid to the principles of economic and political liberty: limited government, incentives, private markets, and a predictable rule of law. Monetary policy focused on price stability. Tax reform led to lower marginal tax rates. Regulatory reform encouraged competition and innovation. Welfare reform devolved decisions to the states. And with strong economic growth and spending restraint, the federal budget moved into balance. As the 21st century began, many hoped that applying these same limited-government and market-based policy principles to Social Security, education and health care would create greater opportunities and better lives for all Americans. But policy veered in a different direction.”



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WSJ: "A Tale of Two Shale States".

“The Marcellus shale formation — 65 million acres running through Ohio, West Virginia, western Pennsylvania and southern New York — offers one of the biggest natural gas opportunities. Former Pennsylvania Governor Ed Rendell, a Democrat, recognized that potential and set up a regulatory framework to encourage and monitor natural gas drilling, a strategy continued by Republican Tom Corbett. More than 2,000 wells have been drilled in the Keystone State since 2008, and gas production surged to 81 billion cubic feet in 2009 from five billion in 2007. A new Manhattan Institute report by University of Wyoming professor Timothy Considine estimates that a typical Marcellus well generates some $2.8 million in direct economic benefits from natural gas company purchases; $1.2 million in indirect benefits from companies engaged along the supply chain; another $1.5 million from workers spending their wages, or landowners spending their royalty payments; plus $2 million in federal, state and local taxes. Oh, and 62 jobs. Statistics from Pennsylvania bear this out. The state Department of Labor and Industry reports that Marcellus drilling has created 72,000 jobs between the fourth quarter of 2009 and the first quarter of 2011. The average wage for jobs in core Marcellus shale industries is about $73,000, or some $27,000 more than the average for all industries. The Pennsylvania Department of Revenue says drillers have paid more than $1 billion in state taxes since 2006 — and the numbers are swelling…. Then there's New York. The state holds as much as 20% of the estimated Marcellus shale reserves, but green activists have raised fears about the drilling technique known as hydraulic fracturing and convinced politicians to enact what is effectively a moratorium.”



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NYT: "Wrong Pipeline, Wrong Assessment".

“To the supporters, this is a straightforward equation: the pipeline would provide a reliable supply of “friendly” oil from a neighboring ally at a time of turmoil in much of the oil-producing world. But Keystone XL would cross sensitive terrain where a spill of diluted bitumen would be especially damaging, including the porous Sand Hills of Nebraska and the shallow Ogallala Aquifer, which supplies much of the Midwest with water. The risks are real. An earlier pipeline — carrying tar sands oil to the Midwest and built by TransCanada, the company planning to build Keystone XL — has had several spills, including recent ones in North Dakota and Kansas. The E.P.A. suggested that the State Department also needed to give more consideration to how constructing and operating the pipeline would affect wetlands, migratory birds and the communities it would pass through. The E.P.A. has also asked the department to re-examine its assessment of greenhouse gas emissions from tar sands oil. And, the agency notes, both of the environmental assessments failed to consider alternative routes.”



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Ryan Dezember in Barron’s, "Natural-Gas Price Is Unlikely to Flare Higher".

“Market participants closely watch rig counts, such as the data published by oilfield-service company Baker Hughes, to predict where production is headed. The total number of rigs drilling for natural gas in the U.S. is currently 889, down by 93 rigs from a year ago — while the number of rigs aiming for oil has nearly doubled, to 1,021. That might seem bullish for natural gas, but in recent years, more than 22% of all U.S. natural-gas production has come from oil wells. Indeed, the rush to plumb onshore reserves for crude is yielding more gas than some distribution systems can handle. Each day in April, for example, producers in North Dakota's Bakken shale formation flared about 100 million cubic feet of gas that local pipelines and processing facilities couldn't handle, say analysts at Bentek Energy. That gas, enough to fuel 500,000 typical U.S. homes a day, will eventually hit the market when infrastructure construction catches up to drilling.”



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WSJ Letters: "Robert Kennedy’s Conversion on Cost-Efficient Power".


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Frank Gannon in WSJ on Naomi Riley’s book, The Faculty Lounges.

“Arthur Butz, shortly after becoming tenured at Northwestern University, published a book denying the Holocaust. Northwestern's president said that he could not take action against Mr. Butz ‘without undermining the vital principle of intellectual freedom.’ Mr. Butz is a professor of electrical engineering. Ms. Riley argues that such controversies are something of a red herring, drawing attention away from a more serious problem: Tenure has enshrined research as the criterion for academic advancement. More important, the premium on ‘original’ research has caused the eclipse of teaching and resulted in the overproduction of jargon-heavy esoterica or trivial ‘scholarship’ intended merely to win preferment within the professors guild. The problem is far from new: As long ago as 1859, Cardinal Newman observed that ‘to discover and teach are distinct functions; they are also distinct gifts, and are not commonly found united in the same person.’ Tenure, Ms. Riley would say, has simply made the problem worse. The idea that the principal purpose of a university is to instruct is now as dusty and irrelevant as a chalkboard. This aspect of tenure, Ms. Riley feels, is ‘eroding American education from the inside out.’”



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Naomi Riley in WSJ, "Academia’s Crisis of Irrelevance".

“College teachers have responded as one might expect to a publishing-pays, teaching-does-not incentive. As a 2009 report from the American Enterprise Institute pointed out, over the past five decades the number of language and literature academic monographs has risen to 72,000 from 13,000 while the audience for such scholarship ‘has diminished, with unit sales for books now hovering around 300.’”



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Ruth Kott in Univ. of Chicago Magazine, "Illustrated Ideology".

“After the Soviet Union formed in 1922, children’s books were illustrated, Bird explains, with an ‘enthusiastic embrace of avant-garde techniques.’ Many of the books that Special Collections owns were published during or just after the first Soviet Five-Year Plan (1928-32), goals that Stalin set to strengthen the country’s economy. At that time ‘the revolutionary government wasn’t too concerned with style,’ says Bird. ‘If anything, they felt they could utilize the energy of experimental art for their own efforts of remaking consciousness -- essentially, redesigning human consciousness.’ By the mid-1930s, the illustrations had changed to the Soviet realist style, which was mandated by Stalin and easily interpretable, meant to be comforting to a population recovering from ‘rapid modernization, forced collectivization, and mass purges,’ writes art-history professor Matthew Jesse Jackson in the online essay accompanying the exhibit. Soviet realism was presented as more mature than the avant-garde style, says Bird, showing a more certain future.”



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Tim Martin in FT on Grant Morrison’s book, Supergods, and Joe Simon’s book, My Life in Comics.

Supergods is also illuminating on the 1980s, the period of Morrison‘s own entry into comics, when every aspect of the superhero character was suddenly up for grabs. This was the decade in which a wave of sardonic British talent took apart America‘s favourite superheroes and sold them back in challenging, adult, deconstructed forms, producing comics such as Alan Moore‘s jet-black satires V for Vendetta and Watchmen and Neil Gaiman‘s literary, dreamlike Sandman.”



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I was asked to write about Frank Miller’s Dark Knight collection, actually the second series which Miller was working on when the 9-11 attacks occurred. Ben Schwartz, the graphic novels editor at the new website-soon-maybe-a-quarterly, LA Review of Books, read my riff on the NYTMag Lori Berenson cover story here and thought I might be able to add something to Miller’s take on the hero under fire. It turned out pretty good but they are hammering together a house-style and apparently cyber-space is filling up so they cut it down quite a bit. I’ll run the full-length version here soon, and of course in the book out in the fall. For now this is up.


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John Owens in CT, "A pitch for Negro Leaguers".

“Krock raised the $1,000 needed, and then he and the Negro Leagues Research Committee became intrigued about other unmarked graves. With the help of Burr Oak's staff, they located the unmarked graves of Taylor, who was a player or manager for five decades, and Donaldson, a brilliant left-handed pitcher. Donaldson later became one of the first black scouts in the majors, working with the White Sox from 1948 to 1954, where he signed some of the team's first black players, including Connie Johnson and Sam Hairston, the father of longtime Sox outfielder Jerry Hairston and grandfather of current Washington Nationals utility player Jerry Hairston Jr. A variety of donors paid for Taylor's headstone. White Sox majority owner Jerry Reinsdorf provided much of the funding for Donaldson's. After those successes, Krock officially joined forces with the Negro Leagues Research Committee to create the project.”



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Keith + Chuck + No Age = "No Flag" live in MacArthur Park, Los Angeles.


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Obituary of the Week

Nguyen Cao Ky (1930 - 2011)

"Born in 1930 near Hanoi and raised by an aunt, Nguyen Cao Ky joined the Communist resistance to French colonial rule at the age of 16, inspired by Ho Chi Minh. He fell ill with malaria, and when he recovered he was drafted by the French-controlled government, which sent him abroad to train as a pilot, though he never saw combat. When the country was divided in 1954 after the French defeat at Dien Bien Phu, he fled south along with hundreds of thousands of others and joined the American-backed South Vietnamese Air Force. In 1965, when he was 34 and a commander of the air force, he was chosen by his fellow military officers to lead the country as prime minister, ending a cycle of coups and countercoups that followed the 1963 assassination of Ngo Dinh Diem. In his book, Mr. Ky quotes an assessment of him by the State Department official William Bundy that he was 'the bottom of the barrel' and the last choice for the job.... After fleeing to the United States, Mr. Ky fended off accusations of corruption himself. Responding in 1984 to the columnist Jack Anderson, who accused Mr. Ky of being involved with criminal gangs, he said: 'If I had stolen millions of dollars I could live like a king in this country, but obviously I don’t live like a king.' In his book he made light of his struggles to make a new life in America. 'When a former national leader becomes a storekeeper, it is news,' he wrote."



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Thanks to Jay Babcock, Glen Friedman, Steve Beeho, Mark Carducci.























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