The Required Amount at the Prescribed Rate (Handcrafted From the Finest Corinthian Leather)
We Really Did Hike Glen Onoko Falls
Instant Fish
Nerding It Up (German Style)
Listen at Your Own Risk
1) This American Life updates the noted George Saunders short story "Pastoralia" in Act Two of episode 623: We Are in the Future, the rest of the episode is trash, so head straight to "Past Imperfect" . . . it's the story of an African American woman (comedian and actor Azie Dungey) who played the role of a slave at Mt. Vernon, George Washington's estate in Virginia, and the difficulties and disparagement she suffered as a consequence of this oddly symbolic position-- a sole black woman representing all 316 slaves that Washington owned; tourists struggled with this reminder of reality (thought it was sorely lacking in numerical accuracy) and the moral of the story is that none of us are over the past, and none of us are able to get over it, white and black alike, so we're going to have to have some frank discussions about what went on back there in the mists of time and how we're going to portray these folks that we all have in common;
2) Episode 792 of Planet Money, "The Ransom Problem" presents a wicked dilemma that combines Catch 22 and Hamlet's most famous soliloquy . . . when you've been abducted by terrorists demanding ransom, and you have to decided whether "to pay or not to pay"; the U.S. and Canadian governments refuse to pay kidnappers, while many European nations will foot the bill . . . and while in a utilitarian sense, it makes sense not to pay ransom, because you don't want to incentivize abduction, this tactic doesn't seem to be working . . . anyway, this episode will run you through the wringer, you'll change your position several times, and by the end you won't know what to think or do . . . not only does the podcast deal with the economic implications of ransom, it also tells the entire wild abduction story of Amanda Lindhout . . . and it all happens in less than 20 minutes;
3) the wake of a flood is probably the worst time to discuss the cockamamie flood insurance policies in our country, because you're bound to come off a bit callous and unfeeling, but the folks at The Weeds and Slate Money do a great job of being informative, empathetic, and knowledgeable about what we need to do in the future to amend the absurdity (not that it will ever happen).
Kids Ask the Darndest Damned Things About the Letter "D"
Gas Tank = Toilet Paper Roll
1) people who fill their gas tank as soon as it gets a bit low;
2) people who drive around on fumes as a matter of course;
and I am one of those people who fills their tank as soon as it gets low-- it's bad for the car to drive with very little gas in the tank: you could burn out the fuel pump and you could kick up sediment (and, of course, you could actually run out of gas and have to freeze your ass off walking to the nearest station) but my wife is one of those people who is always driving around on empty (or even below empty) and while that's normally her business (sort of, because her car is the second most expensive item we own, after our house) sometimes it impinges on my life; Friday, we planned on swapping cars so that she could drop the van at the shop, which is right by her school, so they could put on the snow tires-- and my wife would get a ride to school (the shop is less than a mile from her school) and I would drive her car to my place of work; we made this plan last week, and so on Wednesday, I prepared the van for the swap-- I took out all the soccer equipment and stowed it in the shed-- and then I took the snow tires out from the crawl space (always a difficulty for me because you have to crouch down-- I often hit my head-- but I must point out that I did this chore without my wife's assistance) and I rolled the tires from the backyard to the driveway and put them in the back of the van so we were all prepared for the car swap and Friday morning I got up early, got ready for school, spent some time with my wife in the kitchen discussing the consequences of the FCC's rash and partisan decision on the future of net neutrality, and then hopped in the car-- the correct car, my wife's car-- to execute the final portion of the car swap, the actual swapping, but as I was driving out of town, I noticed that the gas meter was below empty . . . and I was running a little late because of our discussion about net neutrality so I didn't have time to stop for gas-- so I got pretty irate, mainly because my wife has a short commute, so she must have been running low on gas all week, but didn't prepare as considerately for the car swap as I had done and also because it's bad for the engine to run on empty, which I know she does-- she's an incorrigble low gas driver-- and also because I almost got stuck in a massive traffic jam, there was a helicopter hovering over Route 1 and the entire road was shut down and some of the overflow traffic was spilling on to Route 18 (and if I had taken Ryders Lane, I certainly would have run out of gas) and so I called home-- this is the danger of cell-phones, everything happens in real time before you have a chance to cool off, and got Ian to put Catherine on the phone and then I expressed my views on leaving someone a car with no gas in it for a car swap and then when I got to school, I did some research and sent a text describing just what could happen to the engine when you drive on empty and then I conducted an impromptu seven hour poll: I asked all my classes and every teacher I encountered if they ever drove on empty, and I'm happy to say that the results were slightly different than I thought: I began with a rather sexist hypothesis that this was a woman thing, and that women didn't understand the mechanics of an engine, but found that the split was fairly even-- wive's complained about their husbands, women admitted that they were risk-takers, men confided that they were on empty right this very moment, a woman whose father was a mechanic brought up the possibility of burning out the fuel pump, some people said they just hate getting gas and want to do it as little as possible, some people wanted to see just how much it cost to fill the entire tank . . . people were vehemently one side or the other-- people who didn't drive on empty thought that it was insane to do so-- that's my camp and my metaphor is toilet paper, there's very few things in life that you can directly gauge-- your gas tank is one of them and the amount of toilet paper left on the roll is another . . . when the roll gets low, you get more rolls of toilet paper and put them in the bathroom, you don't wait until there's one square left-- that's a disaster waiting to happen and it's a situation that's easy enough to assess and remedy . . .anyway, I don't think there's any way to change people on this issue and I'm not going to try (but I will check my wife's car the night before we do a car swap and if it's on empty, I will just go and get gas, and try not to lecture her about fuel pumps and sediment and frost bite).
No More Mr. Nice Guy (to Squirrels)
I Loath to Sell Low, and I Loathe Buying High
Can Anyone Recommend Some Light Reading?
Dave Does the Work of THREE Journalists
The Risk That Students Could Arrive at School With the Coronavirus
Shakespeare vs. Rudy Giulani
The New York Times podcast The Daily recently aired an episode about Rudy Giulani's involvement with the Trump administration.
At the start of the episode, there was a clip from a speech Giulani made just after 9/11:
RUDY GIULIANI (R), THEN-MAYOR OF NEW YORK CITY: We do not want these cowardly terrorists to have us in any way alter our American way of life. This may go on for some time. We have to end terrorism. I believe the United States government is committed to that. And it's going to require us here in America to go about our way of life and not have them imperil it.
Giulani calls the terrorists "cowardly." He's not the only person to do so. I don't think this is an apt description of a group of of people that hijacked four commercial jet airliners with utility knives and then steered the planes-- kamikaze style-- toward symbolic American targets. While I understand the need to denigrate and insult the terrorists, the last thing they were was "cowardly." It shows a lack of understanding of the enemy.
These people were sanguinary and vengeful and zealous and fanatical and lacking perspective and empathy for other cultures. But mainly, they were true believers, blinded by a certain political position. They were haters, haters of American policy, American military deployment in their Holy Land, haters of American capitalist morality, and American unilateral success on the world stage.
But to call them cowards is to sell them short. It doesn't reflect just how fervently they believed in what they believed. They believed enough to kill and die. In doesn't reflect how dangerous it is to believe in something so strongly that you can't look at other points of view.
Whether it's Islamic terrorists, or our own homegrown right-wing variety of fanatic, you need to accurately assess the motivations of these people. And these people aren't cowards. They are willing to commit violent acts, and often willing to die for their beliefs.
Shakespeare understood this, and Giulani would be well served by re-reading the Bard's most famous soliloquy, the one in Hamlet that begins "to be or not to be."
The context of the speech is that Hamlet is royally fucked up, and he's been royally screwed over. He's been through enough betrayal and heartache that he contemplates suicide. He acknowledges-- correctly-- that his life is a shitshow and that he should probably "take arms against a sea of troubles" and end it. It's "a consummation devoutly to be wish'd."
He doesn't kill himself. In fact, the play goes on another two hours. Hamlet might be a coward-- that's another post-- but more significantly, he recognizes why most people don't commit suicide-- and why he's not going to commit suicide. People don't behave that rashly because of "the dread of something after death."
The unknown.
He doesn't want to rush headlong into the undiscovered country" that "puzzles the will." He's not sure what will happen in the afterlife, "what dreams may come" once his life is over. And he's not going to risk it.
Obviously, he has not heard about the 72 virgins.
Hamlet is religious, but still rationally skeptical. The 9/11 terrorists-- and guys like Patrick Crusius-- do not have this fear. It's scary, how strongly they believe in their convictions. There's no shadow of a doubt in their minds.
Most normal folks-- and even folks like Hamlet, folks that are struggling but still rational-- let their "conscience" turn them cowardly. We lack fervor and unshaking faith, and so our "resolution is sicklied o'er with the pale cast of thought." This cowardice is a blessing in disguise because "enterprises of great pitch and moment . . . lose the name of action."
A lot of these enterprises are downright crazy, and could use reflection and reconsideration. Hamlet takes this to the extreme, and we love him for it.
There are plenty of applicable insults to aim at terrorists. They are rabid and crazed and virulent. But they certainly stand by the courage of their convictions, and that is the problem. They are the anti-Hamlet. They actually complete these suicidal actions, and this -- according to Shakespeare-- is the reverse of cowardly. All us cowards go on living our day to day lives, suffering "slings and arrows," not sure what is to come. That's civilized behavior
Though being devoted is often considered a positive trait, I believe we all need to be a little less loyal, a little less faithful, and a little less principled. It leads down a dangerous road. Instead, let's try to be a little more capricious, a little more detached. Let's be skeptical and occasionally disinterested. Maybe even a little more cowardly. If the terrorists adopted a few of these negative characteristics, the world would be a better place.
Hey Michael Lewis! In A Book Titled Boomerang, Shouldn't You Visit Australia?
In his new book Boomerang: Travels in the New Third World, Michael Lewis is more cavalier with is opinions than he was in his last book, the longer and denser The Big Short . . . Boomerang is more of a travelogue with some finance thrown in, and at times you get the feel that he's winging it, relying on his good name in each country, but he's an engaging writer and the book is a lot of fun-- considering it's about a depressing topic-- because for each country he visits, he tries to link their national character to the type of financial disaster they are experiencing: corrupt and tribal Greeks refuse to band together for the sake of their country; feral Icelanders treat high-risk banking the same way they treat fishing in the cold and dangerous waters of the North Atlantic; stoic Irishmen shoulder their country's debt with tight-lipped penitence, though they should have acted shamefully and defaulted; rule abiding Germans don't notice the filth under the sheen of the bonds they have bought (and here he takes a scatological side-trip into "the German's longstanding special interest" in "Scheisse (shit)" and tries to extend the analogy to the financial crisis, claiming that the Germans "longed to be near the shit but not in it," and although this is entertaining, I think his logic is stretched thin and that you could find loads of "Scheisse" jokes in every culture-- Mr. Lahey from Trailer Park Boys comes to mind-- so even Canadians stoop to this sort of humor); finally Lewis ends up in America, searching for the state that is the biggest financial disaster . . . and banking analyst Meredith Whitney determines this by invoking the logic of "the tragedy of the commons," she explains: "companies are more likely to flourish in stronger states; the individuals will go where the jobs are . . . ultimately, the people will follow the companies . . . Indiana is going to be like, NFW I'm bailing out New Jersey . . . those who have money and can move do so, and those without money and cannot move do not, and ultimately rely more on state and local assistance," and Lewis asks her, "What's the scariest state?" and I hoped her answer wouldn't be New Jersey, but she "only had to think for about two seconds" and then she said, "California."
How to Merge in Jersey
This is Your Brain on North Korea
There May Be Something Wrong With Me
Save $$$$ with Statistics
Famous Last Words (Dave Does Risk Assessment)
Wilmington's Lie: If You're White, Read at Your Own Risk
And the book explains a lot about present-day America. The reason progressives just can't fathom why poor white folks would vote for policies that harm them.
David Zucchino tells the story of Wilmington, North Carolina in 1898. At the start of the book, the city is a prosperous port. Blacks and whites live in the same neighborhoods. Blacks occupied positions in business, the middle class, and politics. In many regards, black freedmen were just as affluent and successful as whites. It was truly a functioning mixed-race city.
Then the Democratic politicians and the white newspapers joined forces to oppress and terrorize blacks, disenfranchise them from voting, and essentially run them out of town. The story takes a violent turn when the paramilitary Redshirts, emboldened by a "white Declaration of Independence" run amok. They are heavily armed-- unlike the black folks in town (because munitions dealers would only sell to whites). They burn down the office of the black newspaper, The Record. They terrorize women and children. They kill at least sixty black men. The government coup is successful, Democrats illegally remove the Republicans and Fusionists. Crazy racist coup. The Wilmington government is now all white.
The first person to take the blame was a black newspaper owner, Alexander L. many. He had the gall to print an editorial debunking a fundamental white myth: the inviolate purity of the white woman. Manly suggested that many of the black men charged with "raping" white women did not do so. Instead, he speculated that they were often consensual lovers. He urged white men to protect their women, and not blame and lynch black men for taking part in willing trysts. Sacrilege! So they burned down his building, threatened him and his family, and sent him into hiding.
White papers and politicians knew how to manipulate this editorial and enrage white folks. It's the same political tactics of race and xenophobia as today, but you've got to replace the Republican party with the Democrats. They were the abominable racists involved with voter suppression and white supremacy in 1898. This is weird at first, but you get used to the flip-flop on racial politics. The Democrats hate the other, the Democrats blame the other, the Democrats gerrymander and suppress the other. It's a tactic, and an effective one. During the Reconstruction, the Republicans used the black vote, the Democrats destroyed it. The opposite of today's politics.
After the violence, Coup leader Col Alfred Waddell proclaimed a “White Declaration of Independence” and installed himself as mayor. He proudly instituted law and order and called the massacre a "race riot" started by blacks. Meanwhile, black families were mourning the dead, hiding out in swamps, taking trains North, and still being terrorized by white supremacists. They could not walk through the city without being stopped at Redshirt checkpoints, where they were searched, harassed, and often killed.
In the 1940s, Southern textbooks still portrayed the local (white) version of events. The Carpetbaggers and Scalawags were at fault for the violence, for inciting racial tension. The city was saved from chaos and disorder by a "sort of club which they named the Ku Klux Klan." The KKK performed the charitable task of "scaring lawless men into acting decently." They dressed as "ghosts" and "frightened Negroes into leading better lives." Yikes. That's what they were teaching the kids.
by the 1950s, the truth about the event was slowly uncovered. It still causes unrest and ill-will today. 2100 blacks fled the city, and many blacks and whites were banished for political reasons. It's the stuff of banana republics. The "success" in Wilmington emboldened white supremacists throughout the South to enact Jim Crow Laws and various means of black voter suppression.
The white supremacist newspaper editor, Josephus Daniels, moved on to Louisiana and campaigned for white supremacy there. He created a voter-suppression law that, in New Orleans, “helped reduce the number of black voters from 14,117 to 1,493.” Attempts to undo these wrongs were met by indifference by Republican President William McKinley (who was involved with other ordeals, including the Spanish-American War).
This book details a downright embarrassing period of American History. It's an important reminder that the end of the Civil War did not in any way mean civil rights for freedmen. The Reconstruction was a war unto itself; the history of the Reconstruction is historiography worth investigating-- though if you're a white dude (like me) you might find yourself reflecting on just how many obstacles were thrown in the way of blacks in America and wonder about the consequences. How long will they last? Will race be an issue in America for the rest of our days as a nation?
Dave's Economic Knowledge Goes Out the Window . . .
If You Are Invested in the Stock Market, Do Not Read This Sentence
Yikes . . . Justin Fox's book The Myth of the Rational Market, which bills itself as a "history of risk, reward, and delusion on Wall Street" is enlightening, but not fun to read -- it has plenty of history . . . chronicling a century's worth of market economic theories, and a huge cast of characters (from Roger Babson to Milton Friedman to Daniel Kahneman to Benoit Mandelbrot) and plenty of delusion . . . with market theories that attributed to swings in value to "spots on the sun" or "animal spirits" or "irrational exuberance" or -- the most popular -- an omniscient and very efficient market . . . but in the end, though the theories of dead economists resurface, and one school of thought quickly succumbs to the next (very much like the field of education) there is still no way to tell the difference between "speculative excess" and an "entirely sustainable boom" . . . in other words, no one knows how to value a stock accurately . . . but though you may lose your shirt in the market, there's still a positive moral in the last paragraph of the book: "the countries that have better-developed financial markets really do better."