Yves Smith just misses the bullseye: In the dot-bomb era, you’d read the occasional story about how former Internet high-flier employees were working at Home Depot. I am not certain what happened to those in Wall Street who lost their jobs in the 1990–1991 downturn. I know some got jobs with big corporations, a few [...]
Thirty years’ war
Time magazine’s Joe Klein (“Shocking,” 2 Mar ’09): In truth, class warfare is what the Reagan Era gave us: thirty years of tax breaks for the wealthy at the expense of the common weal, thirty years of lax regulations which enabled the bankers to strip-mine the savings of average Americans while reaping huge rewards in [...]
Pointy-headed theory
Wikileaks exposes Pentagon spinmasters as a bunch of pomo theory-heads: “NATO in Afghanistan: Master Narrative.” Much has been made of this sort of nexus between militarism and theory (see, for example, Eyal Weizman’s excellent Hollow Land: Israel’s Architecture of Occupation), but it’s hardly so new. J. M. Coetzee faced it squarely in his book Dusklands [...]
All-American hobby
“Phourlorn Motor Speedway is a custom, professionally built 4-lane routed track. Can be changed from an Indy-style oval to a road course in about 15 minutes due to a lift-out straight away section. Completely detailed and sceniced to resemble a real race track”—including what seems to be a beer-soaked racing fan rudely interrupted in a [...]