“Every phase or epoch of capitalism has its own distinct geography, or what economic geographers call the “spatial fix” for the era. The physical character of the economy—the way land is used, the location of homes and businesses, the physical infrastructure that ties everything together—shapes consumption, production, and innovation. As the economy grows and evolves, so too must the landscape.

To a surprising degree, the causes of this crash are geographic in nature, and they point out a whole system of economic organization and growth that has reached its limit. Positioning the economy to grow strongly in the coming decades will require not just fiscal stimulus or industrial reform; it will require a new kind of geography as well, a new spatial fix for the next chapter of American economic history.”

Zie ook: The Great Reset: Urban theorist Richard Florida explains why recession is the mother of invention.

‘I loved that he cleaned up after himself before leaving an ice cream shop in Wapello, Iowa. He didn’t have to. The event was over and the press had left. He is used to taking care of things himself and I think this is one of the qualities that makes Obama different from so many other political candidates I’ve encountered. Nov. 7, 2007.’ (link)

The Digital Journalist, Travels With Barack

“Four years ago Time photographer Callie Shell met Barack Obama backstage when she was covering presidential candidate John Kerry. She sent her editor more photographs of Obama than Kerry. When asked why, she said, “I do not know. I just have a feeling about him. I think he will be important down the road.” Her first photo essay on Obama was two and half years ago. She has stuck with him ever since.”

(via)

‘Senator Obama was doing press interviews by telephone in a holding room between events. Sometime later as he was getting ready to begin his event, he asked me if I was photographing his shoes. When I said yes, he told me that he had already had them resoled once since he entered the race a year earlier. Providence, R.I., 3/1/2008.’ (link)

“Another feature of a banana republic is the tendency for tribal and cultish elements to flourish at the expense of reason and good order. Did it not seem quite bizarre, as the first vote on the rescue of private greed by public money was being taken, that Congress should adjourn for a religious holiday—Rosh Hashanah—in a country where the majority of Jews are secular? What does this say, incidentally, about the separation of religion and government? And am I the only one who finds it distinctly weird to reflect that the last head of the Federal Reserve and the current head of the Treasury, Alan Greenspan and Hank “The Hammer” Paulson, should be respectively the votaries of the cults of Ayn Rand and Mary Baker Eddy, two of the battiest females ever to have infested the American scene? That Paulson should have gone down on one knee to Speaker Nancy Pelosi, as if prayer and beseechment might get the job done, strikes me as further evidence that sheer superstition and incantation have played their part in all this. Remember the scene at the end of Peter Pan, where the children are told that, if they don’t shout out aloud that they all believe in fairies, then Tinker Bell’s gonna fucking die? That’s what the fall of 2008 was like, and quite a fall it was, at that.”

Rupert Murdoch at News Corporation’s headquarters, in Manhattan, July 18, 2008. Photograph by Annie Leibovitz.

Michael Wolff in Vanity Fair, Tuesdays with Rupert:

“For nine months, I’ve been interviewing Rupert Murdoch, in an unlikely spirit of openness precipitated by his great satisfaction in having bought The Wall Street Journal, about journalism, his business, politics, his family, and the future for a new biography. I was warned about his charm by many other journalists—warned not to fall victim to it. So the surprise was his lack of it. He’s without introspection and self-analysis and doesn’t like to talk about the past. What’s more, he mumbles terribly (and with a heavy Aussie accent) and seldom finishes a sentence. For the first three months of our interviews, he never addressed a word to or even looked at my research assistant, Leela de Kretser, who was at each of the sessions, and ignored her questions—perhaps because it’s not necessary to acknowledge a girl, or possibly because it was embarrassing for him that she was, at the time, a pregnant girl. (She had the baby. He eventually warmed up.)

But his odd lack of seductiveness or felicitousness—contributing to his aura of villainy—became after a while alluring in itself. There’s no spin, because he really can’t explain himself. Rather, what you see is what you get. He’s transparent. The nature of the beast is entirely evident.”

“I short-sold more stock of the companies that brought us the housing and credit crises.” Jeff, 28, Scientist. Seattle, Washington

How I Spend my Stimulus:

“In January, Congress approved $152 billion in economic stimulus checks for millions of American households, intended to boost the economy and avert a recession. Just how this money will be spent remains to be seen. We hope this website helps shed some light on where the stimulus money is going.”

Via Cynical-C Blog. Zie ook Freakonomics, Likely Effects of the Tax Rebate Checks en What’s the Smartest Way to Spend Your Rebate?

“Bessemer Venture Partners is perhaps the nation’s oldest venture capital firm, carrying on an unbroken practice of venture capital investing that stretches back to 1911. This long and storied history has afforded our firm an unparalleled number of opportunities to completely screw up.

Over the course of our history, we did invest in a wig company, a french-fry company, and the Lahaina, Ka’anapali & Pacific Railroad. However, we chose to decline these investments, each of which we had the opportunity to invest in, and each of which later blossomed into a tremendously successful company. “

Apple, Intel, FedEx, Ebay, Google… Via Freakonomics, Misadventures in Venture Capitalism.

“Barack Obama delivered a truly brilliant and inspiring speech this week. There were a few things, however, that he did not and could not (and, indeed, should not) say:

He did not say that the mess he is in has as much to do with religion as with racism–and, indeed, religion is the reason why our political discourse in this country is so scandalously stupid. As Christopher Hitchens observed in Slate months ago, one glance at the website of the Trinity United Church of Christ should have convinced anyone that Obama’s connection to Reverend Jeremiah A. Wright Jr. would be a problem at some point in this campaign. Why couldn’t Obama just cut his ties to his church and move on?

Well, among other inexpediencies, this might have put his faith in Jesus in question. After all, Reverend Wright was the man who brought him to the “foot of the cross.” Might the Senator from Illinois be unsure whether the Creator of the universe brought forth his only Son from the womb of a Galilean virgin, taught him the carpenter’s trade, and then had him crucified for our benefit? Few suspicions could be more damaging in American politics today.”

“Killthecliche.com tracks journalistic clichés found in major newspapers and calls out the worst offenders.”

Via FP Passport. Zie ook DMWH’s Media Mammon.

“Instead, what stories like this really do is to damage the reputation of sex. Whenever there’s a sex scandal, I feel sorry for sex. I felt sorry for sex during the Larry Craig brouhaha last summer. What if he liked being married and procreating and giving anonymous head? What if that was his sexual preference? What if he really was not gay, as he claims, but had sexual desires that seemed incoherent? Some of the response to Craig was like the response to moralists like Jim Bakker, Ted Haggard and now Spitzer–moralists deserve to suffer the same force of negative judgment they wielded on others. Shame on us? Shame on you, ha ha! But lots of the response was sheer homophobia. And all of it was sheer erotophobia.”

“Interesting thing, to me at least. If you Google Obama’s wonderful line “We are the ones we’ve been waiting for,” it’s credited right and left, and going back to the nineties, as a bit of Hopi Indian wisdom. I haven’t (a) read this anywhere or (b) seen anything made of the silent borrowing from the Eldest Peoples, etc. Also, frankly, I doubt that it can be a true Hopi aphorism, unless in some very different form, since I suspect the grammar works only in English. (You couldn’t say it in French, for instance, so far as I can figure.) I wonder who really did invent it, and where B.O. (ah! a difference! You can’t initialize him à la a Kennedy!) found it?”

“If Hillary Clinton loses, does she know how to lose? What will that be, if she loses? Will she just say, “I concede” and go on vacation at a friend’s house on an island, and then go back to the Senate and wait?

Is it possible she could be so normal? Politicians lose battles, it’s part of what they do, win and lose. But she does not know how to lose. Can she lose with grace? But she does grace the way George W. Bush does nuance.

She often talks about how tough she is. She has fought “the Republican attack machine” that has tried to “stop” her, “end” her, and she knows “how to fight them.” She is preoccupied to an unusual degree with toughness. A man so preoccupied would seem weak. But a woman obsessed with how tough she is just may be lethal.”

“This ain’t Aruba, bitch.” – Bunk (The Wire: Unconfirmed Reports.)

Entertainment Weekly, ”The Wire”: Bright Lies, Big City:

“Last night’s epigraph – ”This ain’t Aruba, bitch” – was delivered by a slurring Bunk at the bar. All those black bodies found in the rowhouses aren’t enough to warrant a continued investigation, and Bunk, McNulty, and Lester tried to drink away their disgust. Perhaps if those bodies had been white; better yet, if just one of those bodies had belonged to a white teenage cheerleader who had gone missing on an island spring break. Now that would warrant front-page news despite being a cold case for months now.”

(Zie ook: Missing white woman syndrome.)

“These rival conceptions of the Presidency—Clinton as executive, Obama as visionary—reflect a deeper difference in how the two candidates analyze what ails the country. Obama’s diagnosis is more fundamental: for him, the illness precedes the Bush years and the partisan deadlock in Washington, originating in a basic failure of politicians to bring Americans together. A strong hand on the wheel won’t make a difference if your car is stuck in the mud; a good leader has to persuade enough people to get out and push. Whereas Clinton echoes Churchill, who proclaimed, “Give us the tools and we will finish the job,” Obama invokes Lincoln, who said, “As our case is new, so we must think anew, and act anew. We must disenthrall ourselves, and then we shall save our country.””

‘Shipwreck timber littering coast’ (BBC). Photo: pip aka flipflop :) (idem)

Eric G. Wilson, In Praise of Melancholy. American culture’s overemphasis on happiness misses an essential part of a full life:

“I for one am afraid that American culture’s overemphasis on happiness at the expense of sadness might be dangerous, a wanton forgetting of an essential part of a full life. I further am concerned that to desire only happiness in a world undoubtedly tragic is to become inauthentic, to settle for unrealistic abstractions that ignore concrete situations. I am finally fearful of our society’s efforts to expunge melancholia. Without the agitations of the soul, would all of our magnificently yearning towers topple? Would our heart-torn symphonies cease?

My fears grow out of my suspicion that the predominant form of American happiness breeds blandness. This kind of happiness appears to disregard the value of sadness. This brand of supposed joy, moreover, seems to foster an ignorance of life’s enduring and vital polarity between agony and ecstasy, dejection and ebullience. Trying to forget sadness and its integral place in the great rhythm of the cosmos, this sort of happiness insinuates that the blues are an aberrant state that should be cursed as weakness of will or removed with the help of a little pink pill.”

‘A 19th-century image shows federal troops employing several forms of torture. One man stood on a barrel for several hours; another carried a large log, his leg weighted with a ball and chain; a third was bound to a tree with his arms raised above his head; a fourth sat on the ground, tied.’

Boston Globe Ideas, Torture, American style. The surprising force behind torture: democracies:

“We think torture is mainly the province of dictators and juntas – the kind of thing that happens behind the iron doors of repressive regimes. In a democracy, with open courts and a free press, torture should be a relic. In the words of an American World War II poster, torture is “the method of the enemy.”

But a closer look at the modern history of torture suggests that exactly the opposite is true. Torture isn’t an alien force invading our democracy from the benighted realms of dictatorships. In fact, it is the democracies that have been the real innovators in 20th-century torture. Britain, France, and the United States were perfecting new forms of torture long before the CIA even existed. It might make Americans uncomfortable, but the modern repertoire of torture is mainly a democratic innovation.

In one instance after another, democracies developed new torture techniques, refined them, and then exported them to more authoritarian regimes. Americans didn’t just develop electric power; they invented the first electrotorture devices and used them in police stations from Arkansas to Seattle. Magneto torture, a technique favored by the Nazis involving a portable generator, was actually developed and spread by the French. Waterboarding and forced standing owe their wide use to the Americans and British.”