Call It Sleep
Author: Henry Roth 441 pp
My rating: 5*
Started July 12 2009, Finished July 19 2009.
This depiction of an early 20th century, underclass, ethnic childhood rivals Angela’s Ashes, particularly in its fly-in-the-head conveyance of a child’s view of the world, thought process and inner voice. Though Sleep is fiction, it was largely based on Roth’s childhood which while materially far better off than Frank McCourt’s -- the protagonist, David Schearl, does not want for food -- was characterized by psychic trauma that makes McCourt’s harrowing upbringing seem a model of well being. Though unlike McCourt’s father, David’s is a steady breadwinner, his constant simmering rage makes him the focal point of David’s chronic state of fear. David’s mother is the counterpoint to his father and the only dependable positive and island of security in David’s life. In the dog eat dog milieu of the Brownsville and lower east side neighborhoods of New York city, most of David’s interactions with other children, whether his fellow Jews or goyim, increase his wariness as there is very little sense of the protected childhood that we have come to expect for children in America: other boys are often feral predators indifferent to exposing each other to physical hazard and even ten year old girls can be precociously sexual, experimenting with David in ways he finds repulsive and terrifying.
The book’s two salient stylistic characteristics (and triumphs) are its child’s eye point of view and its phonetically rendered English speech. The narrative point of view is David’s and the author succeeds completely in rendering David’s impressions and thought process -- his continual attempts to make sense of the world he inhabits where everything except his mother’s company represents peril. Virtually all the characters in the book are recent immigrants whose spoken English is often unrecognizably accented, making most such speech seem that of simpletons. Roth conveys that this impression of ostensible stupidity is highly misleading by transcribing the Yiddish that the Jews speak among themselves in a formal English which projects learning and rationality.
I found the book’s ending a bit of a letdown. David’s terror and his father’s anger both seem headed toward catastrophic crescendos which somehow don’t come to pass; the mechanism for the dispelling of the father’s murderous rage is not even shown or described so that particular plot twist -- at the moment of greatest provocation, he somehow gains control of himself, something that he had never previously shown any capacity for, struck me as a highly implausible conclusion unbefitting a great work of literature. Nonetheless, I found the book’s strengths so compelling and engrossing that despite this lapse, I still give Call It Sleep my highest rating.
David really didn’t care what she thought of him just as long as she sat there. Besides, he did have something to ask her, only he couldn’t make up his mind to venture it. It might be too unpleasant. Still no matter what her answer would be, no matter what he found out, he was always safe near her. (65)
“You were good enough, the gentlest of us all. But you weren’t truly Jewish. You were strange. You didn’t have a Jew’s nature.”
“And what kind of a nature is that?”
“Ach!” Aunt Bertha said impatiently. “You see? You smile! You’re too calm, too generous.” (165)
“Leo, Did he say he wuz Leo?”
“Leo, yea; futt flaw, sebm futty fi.’ He’s a goy.” (317) [Fourth floor, seven forty five]
Saturday, July 25, 2009
Wednesday, July 15, 2009
Mrs. Dalloway
Author: Virginia Woolf 199 pp
My rating: 3*
Started June 21 2009, Finished July 8 2009.
This is a boulder problem of a novel, a technical challenge that goes nowhere. An exercise in stream of conscious writing, the book follows the titular character and some whose paths she crosses through her day of party planning, reminiscing and social encounters. Though short, it is nonetheless demanding, requiring close reading and careful attention on the part of the reader, particularly as transitions from one character’s thoughts to another tend to occur in mid paragraph and even mid sentence. The books modernism and ambition to reinvent the form bring to mind Eliot’s contemporaneous The Waste Land, as do various moments and for that matter, its setting in London, the “unreal city”. Of all the characters, Mrs. Dalloway herself came across as the least clearly depicted.
“In love!” she said. That he at his age should be sucked under in his little-bow-tie by that monster! (45)
The word “time” split its husk; poured its riches over him; and from his lips fell like shells, like shavings from a plane, without making them, hard, white imperishable words, and flew to attach themselves to their places in an ode to Time; (69)
Later she wasn’t so positive perhaps; she thought there were no Gods; no one was to blame; and so she evolved this atheist’s religion of doing good for the sake of goodness. (78)
The compensation of growing old, Peter Walsh thought, coming out of Regent’s Park, and holding his hat in hand, was simply this; that the passions remain as strong as ever, but one has gained -- at last! -- the power of taking hold of experience, of turning it round slowly, in the light.
A terrible confession it was … but now, at the age of fifty-three one scarcely needed people any more. Life itself, every moment of it, every drop of it, here, this instant, now, int the sun, in Regent‘s Park, was enough. (79)
Author: Virginia Woolf 199 pp
My rating: 3*
Started June 21 2009, Finished July 8 2009.
This is a boulder problem of a novel, a technical challenge that goes nowhere. An exercise in stream of conscious writing, the book follows the titular character and some whose paths she crosses through her day of party planning, reminiscing and social encounters. Though short, it is nonetheless demanding, requiring close reading and careful attention on the part of the reader, particularly as transitions from one character’s thoughts to another tend to occur in mid paragraph and even mid sentence. The books modernism and ambition to reinvent the form bring to mind Eliot’s contemporaneous The Waste Land, as do various moments and for that matter, its setting in London, the “unreal city”. Of all the characters, Mrs. Dalloway herself came across as the least clearly depicted.
“In love!” she said. That he at his age should be sucked under in his little-bow-tie by that monster! (45)
The word “time” split its husk; poured its riches over him; and from his lips fell like shells, like shavings from a plane, without making them, hard, white imperishable words, and flew to attach themselves to their places in an ode to Time; (69)
Later she wasn’t so positive perhaps; she thought there were no Gods; no one was to blame; and so she evolved this atheist’s religion of doing good for the sake of goodness. (78)
The compensation of growing old, Peter Walsh thought, coming out of Regent’s Park, and holding his hat in hand, was simply this; that the passions remain as strong as ever, but one has gained -- at last! -- the power of taking hold of experience, of turning it round slowly, in the light.
A terrible confession it was … but now, at the age of fifty-three one scarcely needed people any more. Life itself, every moment of it, every drop of it, here, this instant, now, int the sun, in Regent‘s Park, was enough. (79)
Tuesday, July 7, 2009
Tears in the Darkness
Tears in the Darkness: The Story of the Bataan Death March and Its Aftermath
Author: Michael Norman and Elizabeth M. Norman 398 pp
My rating: 4*
Started June 27 2009, Finished July 2 2009.
The central story of this book, the extreme privations faced by the US servicemen who fought the Japanese on Bataan in early 1942 and then were captured, imprisoned and enslaved, inspires horror at man’s inhumanity to man and awe at his capacity for survival. While the writing is no more than serviceable, the central framing device -- following a single still alive survivor, Montanan Ben Steele, through the entire ordeal -- did not particularly enhance the story for me and the last 60 pages, dealing with a someone has to pay even if justice is not served war crime trial and Steele’s homecoming felt perfunctory, the central story is so compelling as to overwhelm any weaknesses.
The cumulative suffering endured by the captives -- months of hopeless rearguard battle, followed by three years of captivity by captors completely indifferent to the survival of their prisoners which included the notorious days of marching through the shade less tropical sun with virtually no water, captivity in a feculent, hideously overcrowded holding pen, transport in the cargo bays of broken down merchant ships under frequent bombardment and finally twelve hour shifts with one day off in ten as virtual slaves in a coal mine -- must rank as the most sustained, inhumane, brutalizing ordeal suffered by any large group in American history; the winter in Valley Forge pales by comparison.
Perhaps I missed such an accounting but the war crimes section should have begun with a final tally of number of prisoners taken in 1942 compared to number of survivors liberated in 1945.
A strength of the book is in providing some insight into the mindset of the Japanese, somewhat humanizing their sadistic indifference to their prisoner’s well being. Apparently the ultra hard line reactionary national leadership propagated an anachronistic (and fabricated) concept of a national identity based on bushido and samurai values which turned the nation and particularly the arm into a savage death cult. Physical brutality was a standard part of army training -- men who received such treatment from their own side could hardly be excepted to have much consideration for the well being of prisoners.
It might be time to read another biography of MacArthur, the commander of the US forces which were captured (though he and his family were evacuated to safety). I have a positive memory of him from American Caesar which Tears considerably tarnishes: he comes off as a self-aggrandizing, incompetent blowhard whose high handed inactivity immediately after Pearl Harbor did much to contribute to the debacle that followed, though to be fair, the US forces on the Philippines in 1942 had no hope of beating the Japanese and once they surrendered, they were doomed.
From a prewar Japanese pamphlet entitled “Now, how about the Americans?”:
“The men make money to live luxuriously and over-educate their wives and daughters who are allowed to talk too much. Their lack of real culture is betrayed by their love of jazz music … “ (75)
Japanese doctor tells an ambulatory soldier with a shoulder wound “There is not way to treat such a big and serious wound … The only thing you can do is wash it with seawater.” (103)
Towards the end of the battle of Bataan the commanding general of US forces asks his subordinate commanders what percentage of their troops are effective, meaning they could “walk a hundred yards without stopping to rest, raise his rifle to his shoulder, take aim and shoot at the enemy. By that definition the officers said “only fifteen out of one hundred were fit to fight, and at the moment no one in the command shack could say exactly how many men were still under arms or in their fighting holes.” (145) In a battle shortly thereafter, Ben Steele hears an officer initiate a retreat by shouting “It’s every man for himself!” (145)
Japanese parents often sent their sons off to war with admonitions such as “Don’t come back alive” or “Go and die for your country.” (209)
[For a forced labor road crew bivouacked in the jungle] Instead of a rice pot, the Japanese gave them a rusty old wheelbarrow coated with dried concrete. (253)
[About Japanese transport ships] Life at every level belowdecks was so miserable (in tropical waters the holds reached temperatures of 130) the Japanese troops complained bitterly among themselves, and headquarters, apparently getting wind of the grousing, tried to put the troops’ predicament into perspective. In the 1941 handbook (“Read This Alone and the War Can Be Won”), the hohei were told, “Never forget that in the dark and steaming lowest decks of the ship, with no murmur of complaint at the unfairness of their treatment, the Army horses are suffering in patience .. Remember that however exhausted you yourselves may feel, the horses will have reached a stage of exhaustion even more distressing.”
In the open area in the middle of the holds, men were made to stand so tightly bunched that, looking down from the hatch above, the Japanese guards could see only heads and shoulders, like the tops of pickles jammed into a jar.” (308)
Conditions were so bad on the Japanese transport ship taking prisoners from the Philippines to Japan in late 1944 comes under US bombardment, a US colonel among the trasportees thought “ I hope we get hit. Better to takes our chances [in the water] than continue in this hell-ship”. (311)
On another transport ship, the Enoura Maru, during a 48 day transit at in late ‘44 and early ‘45, only 425 of the 1619 prisoners who started the journey survived. Untreated wounds, dysentery, disease, hunger and thirst killed the rest. (316)
Once Japan had surrendered, the US tried to air drop supplies to POW camps. At one camp, POWs who had survived over three years of extreme ordeals were killed by the falling supply barrels when their parachutes failed to open. (331)
The way a Japanese met death was taken by his countrymen as an emblem of the way he had lived his life. Hope for the best, embrace the worst. Life is precious -- let it go, like it was nothing at all. (351)
Author: Michael Norman and Elizabeth M. Norman 398 pp
My rating: 4*
Started June 27 2009, Finished July 2 2009.
The central story of this book, the extreme privations faced by the US servicemen who fought the Japanese on Bataan in early 1942 and then were captured, imprisoned and enslaved, inspires horror at man’s inhumanity to man and awe at his capacity for survival. While the writing is no more than serviceable, the central framing device -- following a single still alive survivor, Montanan Ben Steele, through the entire ordeal -- did not particularly enhance the story for me and the last 60 pages, dealing with a someone has to pay even if justice is not served war crime trial and Steele’s homecoming felt perfunctory, the central story is so compelling as to overwhelm any weaknesses.
The cumulative suffering endured by the captives -- months of hopeless rearguard battle, followed by three years of captivity by captors completely indifferent to the survival of their prisoners which included the notorious days of marching through the shade less tropical sun with virtually no water, captivity in a feculent, hideously overcrowded holding pen, transport in the cargo bays of broken down merchant ships under frequent bombardment and finally twelve hour shifts with one day off in ten as virtual slaves in a coal mine -- must rank as the most sustained, inhumane, brutalizing ordeal suffered by any large group in American history; the winter in Valley Forge pales by comparison.
Perhaps I missed such an accounting but the war crimes section should have begun with a final tally of number of prisoners taken in 1942 compared to number of survivors liberated in 1945.
A strength of the book is in providing some insight into the mindset of the Japanese, somewhat humanizing their sadistic indifference to their prisoner’s well being. Apparently the ultra hard line reactionary national leadership propagated an anachronistic (and fabricated) concept of a national identity based on bushido and samurai values which turned the nation and particularly the arm into a savage death cult. Physical brutality was a standard part of army training -- men who received such treatment from their own side could hardly be excepted to have much consideration for the well being of prisoners.
It might be time to read another biography of MacArthur, the commander of the US forces which were captured (though he and his family were evacuated to safety). I have a positive memory of him from American Caesar which Tears considerably tarnishes: he comes off as a self-aggrandizing, incompetent blowhard whose high handed inactivity immediately after Pearl Harbor did much to contribute to the debacle that followed, though to be fair, the US forces on the Philippines in 1942 had no hope of beating the Japanese and once they surrendered, they were doomed.
From a prewar Japanese pamphlet entitled “Now, how about the Americans?”:
“The men make money to live luxuriously and over-educate their wives and daughters who are allowed to talk too much. Their lack of real culture is betrayed by their love of jazz music … “ (75)
Japanese doctor tells an ambulatory soldier with a shoulder wound “There is not way to treat such a big and serious wound … The only thing you can do is wash it with seawater.” (103)
Towards the end of the battle of Bataan the commanding general of US forces asks his subordinate commanders what percentage of their troops are effective, meaning they could “walk a hundred yards without stopping to rest, raise his rifle to his shoulder, take aim and shoot at the enemy. By that definition the officers said “only fifteen out of one hundred were fit to fight, and at the moment no one in the command shack could say exactly how many men were still under arms or in their fighting holes.” (145) In a battle shortly thereafter, Ben Steele hears an officer initiate a retreat by shouting “It’s every man for himself!” (145)
Japanese parents often sent their sons off to war with admonitions such as “Don’t come back alive” or “Go and die for your country.” (209)
[For a forced labor road crew bivouacked in the jungle] Instead of a rice pot, the Japanese gave them a rusty old wheelbarrow coated with dried concrete. (253)
[About Japanese transport ships] Life at every level belowdecks was so miserable (in tropical waters the holds reached temperatures of 130) the Japanese troops complained bitterly among themselves, and headquarters, apparently getting wind of the grousing, tried to put the troops’ predicament into perspective. In the 1941 handbook (“Read This Alone and the War Can Be Won”), the hohei were told, “Never forget that in the dark and steaming lowest decks of the ship, with no murmur of complaint at the unfairness of their treatment, the Army horses are suffering in patience .. Remember that however exhausted you yourselves may feel, the horses will have reached a stage of exhaustion even more distressing.”
In the open area in the middle of the holds, men were made to stand so tightly bunched that, looking down from the hatch above, the Japanese guards could see only heads and shoulders, like the tops of pickles jammed into a jar.” (308)
Conditions were so bad on the Japanese transport ship taking prisoners from the Philippines to Japan in late 1944 comes under US bombardment, a US colonel among the trasportees thought “ I hope we get hit. Better to takes our chances [in the water] than continue in this hell-ship”. (311)
On another transport ship, the Enoura Maru, during a 48 day transit at in late ‘44 and early ‘45, only 425 of the 1619 prisoners who started the journey survived. Untreated wounds, dysentery, disease, hunger and thirst killed the rest. (316)
Once Japan had surrendered, the US tried to air drop supplies to POW camps. At one camp, POWs who had survived over three years of extreme ordeals were killed by the falling supply barrels when their parachutes failed to open. (331)
The way a Japanese met death was taken by his countrymen as an emblem of the way he had lived his life. Hope for the best, embrace the worst. Life is precious -- let it go, like it was nothing at all. (351)
Sunday, June 21, 2009
A Bend in the River
A Bend in the River
Author: VS Naipaul 416 pp
My rating: 4*
Started June 10 2009, Finished June 15 2009.
At once an homage to Heart of Darkness, a portrait of recently post-colonial Africa and an exploration of one of Naipaul’s major themes, the lot the descendents of Diaspora Indians, this novel partially compensates for lacking the humor of Naipaul’s other masterpiece, A House For Mr. Biswas, with an unrelentingly ominous tone. The characters are not as fleshed out or human identifiable as those in Biswas, but the prose is more forceful -- at times I felt like I should underline the entire book. The book seems to be set in a fictionalized Congo/Zaire in the period just after that nation and most of sub-Saharan Africa became independent nations; it is notably depressing to think that the nation which in the book is depicted as almost completely non-functional and on the brink anarchy, has gone steadily down hill since Bend was published..
Though Father Huismans knew so much about African religion and went such trouble to collect his pieces, I never felt that he was concerned about Africans in any other way; he seemed indifferent to the state of the country. (90)
Who wanted philosophy or faith for the good times? We could all cope with the good times. It was for the bad that we had to be equipped. And here in Africa, none of us were as well equipped as the Africans. (105)
This was how the place worked on you: you never knew what to think or feel. Fear or shame -- there seemed to be nothing in between. (112)
In a strongly Kurtzian echo, Raymond says of the president, “He is a truly remarkable man.” (198) In HOD, Kurtz is referred to at least five times as a “remarkable man”.
Bringing to mind Marlowe’s “inconclusive experiences” in HOD, Salim remarks “our interview ended inconclusively”. (214)
Indar’s interview in London brings to mind Marlowe’s in Brussels. (218)
It isn’t that there’s no right and wrong here. There’s no right. (286-7)
You mustn’t think it’s bad just for you. It’s bad for everybody. That’s the terrible thing. It’s bad for Prosper, bad for the man they gave your shop to, bad for everybody. Nobody’s going anywhere. We’re all going to hell, and every man knows this in his bones. (408)
Author: VS Naipaul 416 pp
My rating: 4*
Started June 10 2009, Finished June 15 2009.
At once an homage to Heart of Darkness, a portrait of recently post-colonial Africa and an exploration of one of Naipaul’s major themes, the lot the descendents of Diaspora Indians, this novel partially compensates for lacking the humor of Naipaul’s other masterpiece, A House For Mr. Biswas, with an unrelentingly ominous tone. The characters are not as fleshed out or human identifiable as those in Biswas, but the prose is more forceful -- at times I felt like I should underline the entire book. The book seems to be set in a fictionalized Congo/Zaire in the period just after that nation and most of sub-Saharan Africa became independent nations; it is notably depressing to think that the nation which in the book is depicted as almost completely non-functional and on the brink anarchy, has gone steadily down hill since Bend was published..
Though Father Huismans knew so much about African religion and went such trouble to collect his pieces, I never felt that he was concerned about Africans in any other way; he seemed indifferent to the state of the country. (90)
Who wanted philosophy or faith for the good times? We could all cope with the good times. It was for the bad that we had to be equipped. And here in Africa, none of us were as well equipped as the Africans. (105)
This was how the place worked on you: you never knew what to think or feel. Fear or shame -- there seemed to be nothing in between. (112)
In a strongly Kurtzian echo, Raymond says of the president, “He is a truly remarkable man.” (198) In HOD, Kurtz is referred to at least five times as a “remarkable man”.
Bringing to mind Marlowe’s “inconclusive experiences” in HOD, Salim remarks “our interview ended inconclusively”. (214)
Indar’s interview in London brings to mind Marlowe’s in Brussels. (218)
It isn’t that there’s no right and wrong here. There’s no right. (286-7)
You mustn’t think it’s bad just for you. It’s bad for everybody. That’s the terrible thing. It’s bad for Prosper, bad for the man they gave your shop to, bad for everybody. Nobody’s going anywhere. We’re all going to hell, and every man knows this in his bones. (408)
Thursday, June 4, 2009
Eating the Sun
Eating the Sun
Author: Oliver Morton 2008 412 pp
My rating: 3.5*
Started April 7 2009, Finished May 12 2009.
This book is primarily a history of human understanding of photosynthesis, though it also is substantially concerned with how photosynthesis has shaped the planet. I thought too much of the book was devoted to the scientific personalities in the arena and not enough to clearly and simply explaining the intricacies of photosynthesis itself; the author tends to explain a breakthrough then cover many pages discussing various tangential issues leading up to the next big discovery which caused me to lose track of the what was important and greatly diluted my understanding of the fundamentals. Despite the fact that reviews state that the scientific explanations are directed to the layman, I still had a hard time keeping everything straight, but then biology was always a weak subject for me. Nonetheless, I understood enough of the details to realize that the unlikelihood of a system as complex as photosynthesis developing randomly is so great as to prompt even an affirmed non-believer to consider the possibility of a greater power pulling the strings. The end of the book addresses human induced climate change which the author indicates is beyond dispute and if left to its current trajectory, will have a severe negative impact on the sustainability of human society; he doesn’t feel the situation is hopeless though, envisioning Manhattan Project type effort to engineer new photo-synthesizing, carbon-sequestering organisms.
Extinctions may remove species and shapes and behaviors, but they do little if anything to biochemical possibilities. (266)
Today’s carbon-dioxide level is 381 parts per million. Bob Berner’s Geocarb model suggests that the carbon-dioxide level was more than three times that for almost all the time the dinosaurs walked the earth. (282)
The average duration of a mammalian species in the fossil record is just a million years. (310)
Nitrogen fertilization is largely responsible for increases in average cereal yield from 750kg per hectare in 1900 to 2.7 tonnes per hectare today. (353)
Author: Oliver Morton 2008 412 pp
My rating: 3.5*
Started April 7 2009, Finished May 12 2009.
This book is primarily a history of human understanding of photosynthesis, though it also is substantially concerned with how photosynthesis has shaped the planet. I thought too much of the book was devoted to the scientific personalities in the arena and not enough to clearly and simply explaining the intricacies of photosynthesis itself; the author tends to explain a breakthrough then cover many pages discussing various tangential issues leading up to the next big discovery which caused me to lose track of the what was important and greatly diluted my understanding of the fundamentals. Despite the fact that reviews state that the scientific explanations are directed to the layman, I still had a hard time keeping everything straight, but then biology was always a weak subject for me. Nonetheless, I understood enough of the details to realize that the unlikelihood of a system as complex as photosynthesis developing randomly is so great as to prompt even an affirmed non-believer to consider the possibility of a greater power pulling the strings. The end of the book addresses human induced climate change which the author indicates is beyond dispute and if left to its current trajectory, will have a severe negative impact on the sustainability of human society; he doesn’t feel the situation is hopeless though, envisioning Manhattan Project type effort to engineer new photo-synthesizing, carbon-sequestering organisms.
Extinctions may remove species and shapes and behaviors, but they do little if anything to biochemical possibilities. (266)
Today’s carbon-dioxide level is 381 parts per million. Bob Berner’s Geocarb model suggests that the carbon-dioxide level was more than three times that for almost all the time the dinosaurs walked the earth. (282)
The average duration of a mammalian species in the fossil record is just a million years. (310)
Nitrogen fertilization is largely responsible for increases in average cereal yield from 750kg per hectare in 1900 to 2.7 tonnes per hectare today. (353)
Monday, June 1, 2009
Panic
Author: Michael Lewis 2009 365 pp
My rating: 3.5*
Started May 25 2009, Finished May 31 2009.
This book contains selected articles from a variety of authors and sources covering the boom and bust arcs of the last four major financial panics: the October 1987 Wall Street Crash, the 1998 SE Asia financial implosion, the bursting of the internet stock bubble in 2000 and the 2008’s credit crunch (the last of which, unlike its predecessors, is still unresolved with no recovery as yet to be able to look back with relief from). While book suffers somewhat from a lack-of-effort, slapped-together, greatest-hits feel and the disparate nature of the selections prevent each section from building into a coherent unit, I still found it a useful and enjoyable read, particularly the later two sections. Lewis’ pieces consistently stand out as being more deliberative and humorous. The theme of the book seems to be that each crisis starts with a period of near-boundless optimism (“we’ve entered a new paradigm“) following by a shattering return to earth and a resolve that “we’ve learned our lessons and will never let this happen again” which is quickly forgotten or justified away.
On opening the morning after the ‘87 crash GE’s bid/ask spread was 45/65.
It was striking how little control we had of events, particularly in view of how assiduously we cultivated the appearance of being in charge by smoking big cigars and saying fuck all the time. (38)
The chapter from Lewis’ book about a meeting between Healtheon (Jim Clark’s post Netscape internet venture) management and Wall Street investment bankers is hilarious in a Bonfire Of The Vanities sort of way. The bankers spend the entire session in a state of awed befuddlement, no more so than after hearing the CIO’s incomprehensible explanation of the software development details of the Healtheon’s planned website when theWall Streeters are stunned to silence except for one who impresses his peers by using the word “platform” as tech jargon way when asking a simple question .
And that in the way is the point. If you can’t put one over on Lou Dobbs, who can you put one over on? (240)
Prescient passage from a 2002 Lewis article written after the tech bubble crash: … “Eliot Spitzer gets credit for cleaning up Wall Street, which neither he nor anyone else will ever do. (Just wait till the next boom.) “ (244)
A 2008 NYT article by Roger Lowenstein explaining how the ratings agencies contributed substantially to priming the credit bubble by assigning triple A ratings to CMOs and CDOs based on subprime loans is quite a revelation in that almost every aspect of the process seemed tilted towards inflated ratings.
Author: Michael Lewis 2009 365 pp
My rating: 3.5*
Started May 25 2009, Finished May 31 2009.
This book contains selected articles from a variety of authors and sources covering the boom and bust arcs of the last four major financial panics: the October 1987 Wall Street Crash, the 1998 SE Asia financial implosion, the bursting of the internet stock bubble in 2000 and the 2008’s credit crunch (the last of which, unlike its predecessors, is still unresolved with no recovery as yet to be able to look back with relief from). While book suffers somewhat from a lack-of-effort, slapped-together, greatest-hits feel and the disparate nature of the selections prevent each section from building into a coherent unit, I still found it a useful and enjoyable read, particularly the later two sections. Lewis’ pieces consistently stand out as being more deliberative and humorous. The theme of the book seems to be that each crisis starts with a period of near-boundless optimism (“we’ve entered a new paradigm“) following by a shattering return to earth and a resolve that “we’ve learned our lessons and will never let this happen again” which is quickly forgotten or justified away.
On opening the morning after the ‘87 crash GE’s bid/ask spread was 45/65.
It was striking how little control we had of events, particularly in view of how assiduously we cultivated the appearance of being in charge by smoking big cigars and saying fuck all the time. (38)
The chapter from Lewis’ book about a meeting between Healtheon (Jim Clark’s post Netscape internet venture) management and Wall Street investment bankers is hilarious in a Bonfire Of The Vanities sort of way. The bankers spend the entire session in a state of awed befuddlement, no more so than after hearing the CIO’s incomprehensible explanation of the software development details of the Healtheon’s planned website when theWall Streeters are stunned to silence except for one who impresses his peers by using the word “platform” as tech jargon way when asking a simple question .
And that in the way is the point. If you can’t put one over on Lou Dobbs, who can you put one over on? (240)
Prescient passage from a 2002 Lewis article written after the tech bubble crash: … “Eliot Spitzer gets credit for cleaning up Wall Street, which neither he nor anyone else will ever do. (Just wait till the next boom.) “ (244)
A 2008 NYT article by Roger Lowenstein explaining how the ratings agencies contributed substantially to priming the credit bubble by assigning triple A ratings to CMOs and CDOs based on subprime loans is quite a revelation in that almost every aspect of the process seemed tilted towards inflated ratings.
Monday, April 27, 2009
Word Freak
Word Freak
Author: Stefan Fatsis 2001 366 pp
My rating: 4*
Started March 23 2009, Finished March 31 2009.
Word Freak succeeds on multiple levels: as an exploration of the world of Scrabble which is accessible to those unfamiliar with the game and yet likely to be of interest to the devotee, as a character study of Scrabble geeks, characters all, who largely comprise its elite players and as a depiction of the weekend warrior which universalizes beyond the game of Scrabble itself to any recently acquired life-consuming, skill-based recreational obsession. The Scrabble aficionado will probably be most entertained by the book’s coverage of the game’s history, politics and strategy, though several rather detailed discussions of preparation approaches and word study might be a bit much for the casual reader. The character studies should have broad appeal and should be of particular interest to those who, to paraphrase Dylan, wonder what we do with our lives. Though I enjoyed those aspects of the book, I was most taken by Fatsis’ portrayal of his burgeoning obsession with the game and his Scrabble ranking; this weekend warrior strongly identified with the author’s emotional roller coaster that Fatsis put himself through overreacting to both successes and failures, one weekend delighted with his progress through the rankings, the next filled with self-castigation after the setback of a poor tournament performance.
I toted my Franklin, OSPD, and word lists to the Continent but didn’t study at all, which surely must be to my credit as a human being, if not as a Scrabble player. (78)
Maven tile ranking: blank s e x z r a h n c d m t I j k l p o y f b g w u v q (290)
Author: Stefan Fatsis 2001 366 pp
My rating: 4*
Started March 23 2009, Finished March 31 2009.
Word Freak succeeds on multiple levels: as an exploration of the world of Scrabble which is accessible to those unfamiliar with the game and yet likely to be of interest to the devotee, as a character study of Scrabble geeks, characters all, who largely comprise its elite players and as a depiction of the weekend warrior which universalizes beyond the game of Scrabble itself to any recently acquired life-consuming, skill-based recreational obsession. The Scrabble aficionado will probably be most entertained by the book’s coverage of the game’s history, politics and strategy, though several rather detailed discussions of preparation approaches and word study might be a bit much for the casual reader. The character studies should have broad appeal and should be of particular interest to those who, to paraphrase Dylan, wonder what we do with our lives. Though I enjoyed those aspects of the book, I was most taken by Fatsis’ portrayal of his burgeoning obsession with the game and his Scrabble ranking; this weekend warrior strongly identified with the author’s emotional roller coaster that Fatsis put himself through overreacting to both successes and failures, one weekend delighted with his progress through the rankings, the next filled with self-castigation after the setback of a poor tournament performance.
I toted my Franklin, OSPD, and word lists to the Continent but didn’t study at all, which surely must be to my credit as a human being, if not as a Scrabble player. (78)
Maven tile ranking: blank s e x z r a h n c d m t I j k l p o y f b g w u v q (290)
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