Trickle-down

Exaggeration, it seems.

Dow, 9 Jan 1970 – 24 Oct 2008:

Dow 1970-01-09 to 2008-10-24

Harvard Crimson (Vascellaro, “Faculty Tries to Combat Grade Inflation,” 6 Jun ’02):

The [Boston] Globe story—which was picked up by news media nationwide—focused on the 91 percent of Harvard students who graduated with honors in 2001 compared to 51 percent of Yale and 44 percent of Princeton graduates. It also noted that half the grades awarded at Harvard last year were A-range grades.

Teh Grauniad (Teather, “US Executive Pay Goes off the Scale,” 4 Aug ’05):

In 1980, a chief executive made $42 for every dollar earned by a blue-collar worker. By 1990, that gap was $85. But the real gains in the boardroom were made in the decade that followed as firms ramped up share options. By 2000, chief executives were earning $531 for every dollar taken home by a typical worker.

NYT (Bogdanich et al., “Doctors Eased Path for L.I.R.R. Disability Claims,” 26 Oct ’08):

Since 1990, the disability rate among career employees at the L.I.R.R. nearly doubled, reaching a high of 97 percent in 2004—a rate three times that of the average railroad, records show. Since 2000, retired L.I.R.R. workers have collectively received a quarter of a billion dollars in federal disability payments.

Examples abound.

See also: “Declining value of the Y axis.”

The Key to American conservatism today

Cognitive dissonance.

At Wikipedia, ontogeny recapitulates phylogeny:

Wikipedia has a hard time with cognitive dissonance

Does. Not. Compute.

Takedown notice

AP (Watkins, “Feds Say They Drive a Stake into Mongols Gang,” 22 Sep ’08):

But U.S. Attorney Thomas O’Brien has asked for an injunction that would seize the Mongols’ trademarked name. If the order is approved, any Mongol would no longer be able to wear a jacket displaying the gang’s name or emblem. “It would allow law enforcement to seize the leather jackets right off their back,” O’Brien said.

What’s stranger—the prospect of cops spontaneously enforcing intellectual property rights or a motorcycle gang trademarking its name to begin with?

Smokin’ [updated]

Andrew Sullivan points to “new McCain POW footage,” but the film is a longer cut (and much better ‘print’) of the footage included here. The longer cut shows much more clearly the degree of mobility in McCain’s neck, shoulder, and left arm (for example, when he tips his ash at 3:17). At 1:07, the interviewer asks “Want some light?” and relights McCain’s cigarette.

See ”Marlboro Man” for more on how consistently the North Vietnamese stressed his smoking in their propaganda. A correction to that article:

Even without relying on Scott’s criticism of McCain, the evidence suggests that McCain received rewards (cigarettes, medical treatment) and punishments (starvation, severe beatings or worse) in the several weeks between when he was shot down and when he arrived at the POW camp; and that, in that same period, his captors learned at least his significance, and more. His subsequent career has been viewed through the lens of the abuses he suffered, but it seems likely that the favors he received—in particular, his weakness for cigarettes—played an equally or maybe even more important role in his experiences as a POW. The North Vietnamese certainly seem to have thought so.

In this longer cut, McCain states his status, and apparently not for the first time:

What is your name?

Lieutenant Commander John Sidney McCain.

So you have a famous name.

[Nods] Yes.

May I know who is your father? Can you[?] name him and tell me who he is?

Yes, his name is Admiral John McCain [garbled] London, England [garbled] he is the Commander in Chief of the naval force for all of[?] Europe.

This exchange isn’t impromptu: the interviewer has been told who McCain’s father is and homes in on it immediately.

The film is quite moving; toward the end, the journalist‘s open question inviting McCain to speak to his family seems like a gambit to get him to break down—and, indeed, McCain bites his lip and fights back tears. I don’t think anyone can watch it without sympathizing with his pain, loss, and terror. But if the contemporaneous accounts of McCain’s terrible condition when he arrived at the POW camp are accurate (one supportive fellow POW described him as “a survivor of Dachau”), then McCain sustained terrible injuries after this film was made. This sequence—shot down, good treatment (privileged medical treatment, favors), and then bad treatment (brutal beatings, starvation)—sheds light on how McCain’s captors tried to break him with carrots and then sticks.

This film shows that they broke him with the carrots.

Mind your own bailout

Bailoutsleuth notes creeping secrecy in the bailout:

The Treasury Department has hired two big accounting firms to help keep tabs on the government’s financial-industry rescue program, and once again certain basic elements of the deals are shrouded in secrecy. PricewaterhouseCoopers LLP will provide internal controls for the government’s $700 billion bailout fund. Ernst & Young will provide general accounting and consulting. The Treasury Department said the first phase of the three-year contracts will be worth $191,469.27 and $492.006.95, respectively. That sort of specific detail is lacking in the agreements themselves. The Pricewaterhouse Coopers contract released by the Treasury Department on Tuesday has blacked-out text in the area covering the firm’s bid, and also conceals the name of the PricewaterhouseCoopers partner who signed the deal. Another section listing the names of the PricewaterhouseCoopers employees designated to work on the contract also is blacked out.

Signing partner:

more… –>

“ghostly images of people working candidly”

Rich Gold using Xeroc PARC’s ZombieBoard:

Rich Gold, ZombieBoard, Zerox PARC, RED's Lab, 35-2311 (n.d.)

More images here.

Reduce, reuse, recycle

Roberto Saviano on the Camorra:

But in reality, it is a life of s—. They are always shut inside their homes. They have the same women who they have to share because they do not trust anyone, so it’s not true that they are big playboys.

An anthro thesis waiting to be written.

Vulturetalk

Said to be a Sequoia Capital’s “recent…presentation to its portfolio companies about how to try to survive an economic downturn”:


The how-to bit (slide 53) is a bit thin.

(26econ)

No one saw it coming

except a stoner who made 866% off it:

October 17, 2008

Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would beentirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts inprevious letters have unfolded or are in the process of unfolding. Instead, I am writing to say goodbye.

more… –>

Assassination media

It seems that public figures are fair game:

CNN targets Greenspan

In case you didn’t get the message, CNN ran it front and back:

Naming names is good; aiming guns at people is bad.

(calculated risk)

From the archives: how to fix a liquidity crisis (13 Dec ‘07)

Here:

To: Nettime-l <nettime-l {AT} kein.org>
Subject: <nettime> how to fix a liquidity crisis
From: t byfield <tbyfield {AT} panix.com>
Date: Thu, 13 Dec 2007

Until just a few months ago, received wisdom held that the “modern” global financial system had become so complex and intertwingled that it had developed a de facto ability to absorb and dissipate almost any financial shock. And it’s true in a sense; the problem is that the dissipation isn’t homogeneous. So, as soon as we started hearing about arctic villages in Norway losing about half their investment in collapsing Citigroup-originated “collateralized debt obligations” and the like, the received wisdom crowd fell quiet. Now comes this, which we’ll be hearing much more about, I expect.

more… –>

NEWS FLASH: yes you do “defen[d] piracy”

WSJ publishes a commonsensical defense of “piracy” by Lessig, who bridles:

Sorry to disappoint, but my new book, Remix, is not “A Defense of Piracy,” whatever the Wall Street Journal’s headline writers may think.


Note to Larry:

“Piracy” is defined by the Content Cartels, not by WSJ headline writers—and, according to the CCs, you’re defending piracy. If you don’t like their definition of it, it’s time to rethink your role as a market apologist. Your proposals make all the sense in the world, in the sort of warm-fuzzy way that ensures they’ll never happen, even under a fabled Obama presidency (unless you think he’ll risk alienating the CCs as he tackles more pressing issues).

IPR liberalization won’t come about by persuading CCs to moderate their ultraist demands, no matter how hard you think.

lessig_forehead.jpg detail

The CCs will moderate their demands when, and only when, their privileges have been stripped and the question turns to how many of those privileges should be restored. Those privileges are slowly being stripped de facto if not de jure, with the result that our legal systems increasingly describe worlds that no longer exist—except for the unfortunate few who are subjected to selective enforcement. And, yes, enforcement is literally selective. These are civil suits, filed by private plaintiffs according to their own, private criteria. Ask yourself how the CCs choose their targets. Is it on the basis of “merit”—for example, merit as measured by quantifiable violations? Clearly not. When the rule of law becomes the haphazard result of “strategies” and “initiatives,” for the many the law will appear as the rule of terror.

If you must use the term “pirate,” try for a moment assigning it to the CCs: roving opportunists with sketchy claimed affiliations who use inscrutable methods to choose where and when to strike with force in order to extract paltry takings from larger flows of traffic. Of course you can think of all kinds of objections to this equation; but so can those you accuse of “remixing”—a piss-poor term for describing what it means to enjoy the pleasures of a mediated world. The issue isn’t whether you’re defending piracy; it’s whether you understand the situation well enough to be truly effective. Your defense against the accidental (but no less accurate for that) accusation that you defend piracy shows that you don’t. Yet. The facts on the ground are moving, but your calculations haven’t caught up. Yet.

(detail, lessig_forehead.jpg)

It

“When Republicans say that Democrats ‘just don’t get it,’ this is the ‘it’ to which they refer.”

So what about when net-heads said it about bell-heads?

(the muted horn)

2000-2008 in brief

Dan Froomkin (White House Watch column, “Bush Just Makes It Worse,” WP, 10 Oct ’08)

Although Bush didn’t announce it this morning, there are signs that he will eventually sign off on a radical, but at least theoretically effective, next move—even though it violates his core political principles and is exactly the approach his administration rejected two weeks ago.

Shrub’s “core political principles” are, literally, (1) to oppose reality and (2) opposed to reality. His first approach is to try to impose his will on it; and, when that fails, his fallback is to see whatever set him back as “challenging” his “will” to believe. This is pretty much the exact opposite of science.

They just don’t make them like they used to

Krugman (“What Happened Today?”, NYT, 9 oct ’08):

On a separate note, one good thing is that there haven’t been any reports of people on Wall Street jumping out of windows. That’s because the windows in modern office buildings don’t open.

Yet.

Why settle for a kludge when a monument is needed?

It’s been widely noted that the national debt clock, erected by NYC real estate magnate Seymour Durst to protest the now-quaint US$2.7 trillion debt in 1989, has run out of digits, and that “[a]s a short-term fix, the digital dollar sign on the billboard-style clock near Times Square has been replaced with an integer—the ‘1’ in $10 trillion” (AP).

Before:

Nat'l debt clock (before)

After:

Nat'l debt clock (after)

Of course, the Y2K-like ramifications of this aspect of the skyrocketing US national debt will be pervasive, so a more systemic and historically befitting solution would be the creation of an entirely new character, the trollar sign, that could be deployed with a single keystroke (assuming that a small portion of the failed $700 billion bailout fund could be set aside to buy everyone futurofitted keyboards):

more… –>

“Sitting Pretty”

So says an A-list blogger:

screengrab of Obama sitting in the 2nd debate

Pretty funny.

The Agony of defeat

Wilson (op-ed), “The Swill Is Gone,” NYT, 29 Sep ’08):

In China, journalists have known of the poison milk for months, but weren’t allowed to spread the news because of the Olympics.

MacLeod, “Many Chinese Doubt Food Scandals Will End,” USA Today, 7 Oct ’08:

The current scandal, which involves more than one-third of China’s producers of milk powder, erupted last month when four babies died and more than 54,000 became ill after drinking formula tainted with melamine, an industrial chemical that fools tests to show a higher protein content.

Macartney, “China Sorry for Sitting on Powdered Milk Report During Olympics,” Times (UK), 1 Oct ’08:

In fact, local media had known that problems were being reported by parents of babies across China who had been fed Sanlu formula. Many had kidney stones. However, the reporters were unable to publish their findings because of strict media controls imposed by Communist Party censors—especially during the August games.

Bandurski, “Press Controls Feed China’s Food Problem,” WSJ Asia, 7 Oct ’08:

China’s milk disaster might have been averted, or fewer people affected, had China’s leaders permitted journalists to do their jobs. In late July, journalist He Feng of Guangdong’s Southern Weekend newspaper began investigating reports that infants had fallen ill after consuming milk powder from dairy giant Shijiazhuang Sanlu Group, the company at the center of the milk powder scandal. But Southern Weekend’s report was never published. It was only after the story came to light six weeks later that one of the newspaper’s top editors, Fu Jianfeng, revealed on his personal blog that this report on poisonous milk powder had been suppressed by authorities.

Fu Jianfeng’s entries: “Let Me Skin Sanlu Alive: Why Did I Name Sanlu for Having Bad Milk Powder?” and “The Notes of a News Editor About the Sanlu Tainted Milk Powder Case” (both dated 14 Sep ’08).

Offhand economic indicator

Google layoffs.

Contributing factors:

  1. advertising clients looking for lower expenditures and greater efficiencies;
  2. laid-off workers spending more time smurfing the net;
  3. broadband services cut off for nonpayment.

Player piano as economic indicator

Garet Garrett, Ouroboros, or the Mechanical Extension of Mankind (NYC: Dutton, 1926) labors to explain what a player piano means:

As I write, the strains of a Liszt rhapsody float into my window. They come from a farmer’s cottage a little way down the road. Yesterday a motor truck stopped at his house and unloaded a self-playing piano. I saw it and noticed that it got slightly damaged squeezing through the tiny doorway. What does this mean? First, it means that day before yesterday a salesman from the city went through this road selling self-playing pianos for a nominal cash sum down and the balance on monthly instalments. He sold one there, another in the next house but one, and a third further on. How many he sold to the end of the road I do not know.

But what does it mean that the city sends a man through a country road in southern New Jersey to sell pianos in this beguiling manner to people who cannot afford them? Those who bought them I know were all in debt for other things bought on the instalment plan. It means there is a necessity to sell this industrial product. It is the necessity of a factory that has overtaken the normal demand for self-playing pianos and must force the sale of its surplus. It is the necessity of all who work in that factory and live thereby. It is the necessity of industry in general, governed as it is by a principle it did not invent. [pp.11–12]

PDF (109pp., 3.2MB) here, courtesy of the Ludwig von Mises Institute, a/k/a Tragedy Central.

William Gaddis sees things a bit differently (“‘Stop Player. Joke No. 4‘”), but notes:

More than 200,000 player pianos were built in 1916. They amounted to 65 percent of the total piano production, enough to satisfy the most ardent fanatic and to warn anyone familiar with business graph curves of the impending decline and fall.

(Garrett via Risks)

Shock therapy

The NYT offers a curious meditation on the historical parallels between the collapse of the USSR (when “shock therapy” was the order of the day) and the US’s current difficulties:

081002 NYTian slip

Just in time:

“The time of domination by one economy and one currency has been consigned to the past once and for all,” Medvedev said during a forum alongside Chancellor Merkel.

“We must work together towards building a new and more just financial-economic system in the world based on the principles of multipolarity, supremacy of the law and taking account of mutual interests.” [AFP, “Era of US financial dominance over: Medvedev,” 2 Oct ’08]

Jones Day

EFF:

The firm of Jones Day filed the lawsuit against the real estate news site Blockshopper.com, alleging that using its trademark “Jones Day” to refer to the firm in a headline and linking to the Jones Day website could lead to confusion over the sponsorship of the site. In its amicus brief, EFF and Public Citizen argue that these routine references to Jones Day are well-established fair uses of a trademark and clearly protected by the First Amendment.

JDRP nine years ago:

Newly elected [...] put it best when he spoke of the lingering problems with the [...] agreements: “I don’t like these agreements… This is the best agreement we could have, given the circumstances… What I still wonder is why the circumstances were artificially altered.” He went on to say that he thinks the U.S. government owes us an explanation of how this whole fiasco came about.

—ICANN boardmember Amadeu Abril i Abril on the NSI agreements

(bwg+)

Top of the morning

NYT photo: GWB pushing for a bailout in Congress, 29 Sep '08

It’s morning in America.

When was the last time GWB gave a press conference in light like that? Desperate times call for desperate measures.

What do you mean “we”, kimosabe? [updated]

Did Rick Davis have his hooks in Dean’s operations in early ’04?

3EDC’s website as archived on 10 Jun ’04:

E3DC site as of 10 Jun 04

Who’s we?

So what was Rick Davis up to in early summer ’04?

3EDC’s website as archived almost three months earlier, on 18 Mar ’04, said: “Welcome nicco.trueserver.com to Your New Server!”

Who’s nicco?

How about Nicco A. Mele, former deanforamerica.com webmaster, who was hired by McCain’s chief political strategist John Weaver as of 23 Aug ’06 under the leadership of…Rick Davis (who ”helped to corral the current roster of talent”). His resignation from the McCain effort was reported on 30 Jan ’07.

Mele’s blog is here, his company is here, a 29 Jun ’07 Mother Jones interview here (“A small minority can always manipulate. Technology is relatively irrelevant”); Garance Franke-Ruta’s 28 Aug ’06 comment on the hire here.

If nicco.trueserver.com points at Mele, was he working with Davis’s 3EDC in March ’04—in the middle of Dean’s ’04 presidential run and two years before his 24 Aug ’06 statement in support of McCain?

So, again: what was Rick Davis up to in early summer ’04?

A bit more

3EDC’s website as archived on 2 Mar ’07 lists five “strategic partners.” Three are boring:

[Update: New Media Communications just got more interesting with Mike Connell’s subpoena for vote-tampering in 2004.]

But two might be more interesting in this context:

“A Developed Economy Infected by the Usury Virus”

JulianBleecker (Flickr, 21 Sep 2008), Everyday Digital Money conf, UC Irvine, 18-19 Sept 2008

Photo: Julian Bleecker, Everyday Digital Money conf, UC Irvine, 18-19 Sept 2008.

(B***S***)