Wednesday, January 14, 2009
"Lady of the Snakes"--a novel of the modern American woman
The heroine finds herself pulled apart from the multiple stresses of being mother, wife, and professor. Levitsky founds herself pregnant in graduate school on the East Coast but her woman thesis adviser is not sympathetic to her pregnancy. After the baby is born the heroine struggles with working at her dissertation while always lacking sleep. Her family is far away in California so they can't help her take care of the baby. The problems worsen at her first job teaching at the University of Wisconsin.
Pastan brilliantly describes the multiple stresses on young mother-new college instructor. She can't afford any household held but a babysitter. One babysitter quits without any notice. It's hard to find a daycare center the heroine likes. Her department is unsympathetic to her childcare crises, and one professor tells her its "unprofessional" to talk it. Taking caring of her child, her husband, and her new teaching job leaves the heroine no time to do research for the book she needs to keep her job. She constantly has to put aside her research to take care of child, her husband, and her students. Her marriage starts to fall apart.
The novel is also brings alive the heroine's fascination with her research about 19th century Russian novelist Grigory Kharvov and his wife Masha. The heroine wants to write a new view of the ignored wife Masha, wants time to delve into Masha's dairies, wants to see if Masha had literary talent. The novelist interwines the stories of two couples: the 19th century Russian novelist and wife Masha with the 21st century American academic Jane and her husband. The young professor Jane Levitsky clashes with the male dominant professor Sigleman who thinks only the male Russian novelist is important not his wife. The novel brings alive the clash of ideas in literary research and even the ruthlessness in making careers and putting down your rivals. Can the heroine stand up to ruthless people like the male professor Sigleman to question theories and ideas she disagrees with?
"Lady of the Snakes" is a good novel that compares with A.S. Byatt's novel "Possession," a brilliant work about two late 20th century English academics--a man and a woman--researching a famous male poet and woman poet in 19th century England. In both "Lady of the Snakes" and "Posession" the modern heroine is searching for literary foremothers to give her courage.
Byatt magically brings alive both the 19th century and the 20th century couples. Unfortunately, Pastan only brings alive the 21st century wife and husband but the 19th century Russian couple don't come alive but seem like stereotyped egocentric male novelist and submissive devoted suffering wife. Only in the end does the 19th century wife and husband come alive as the stories of both couples become resolved. "Lady of the Snakes' might have some flaws but it's still excellent in its portrayal of the problems and struggles of a contemporary American woman.
Friday, January 09, 2009
Poem into Song into Rap into Video
Edwin Arlington Robinson’s poem “Richard Cory” about a rich man who seemed to had everything but shot himself at poem’s end is quite famous. The poem was rewritten by Paul Simon into a song which Simon and Garfunkle sang popularizing it. On youtube I watched a 1966 video of a young Simon and Garfunkle singing “Richard Cory.” On youtube video list the second video of “Richard Cory” by Nora Rodriguez called “my first music video” was even more fascinating. Rodriguez had Simon and Garfunkle singing “Richard Cory” while they had actors act out the poem—quite a wonderful musical recreation of a poem and a song.
For Shakespeare’s poem/song “O Mistress Mine” from his play Twelfth Night the first youtube video was Ben Kingsley singing the poem/song from the 1996 movie version of the play. The Kingsley clip is quite wonderful starting out with him singing, then showing other characters in the play, and then back to Kingsley. There were many other youtube videos of “O Mistress Mine” to watch, of course.
Dudley Randall wrote a powerful “Ballad of Birmingham” about the tragic bombing of a church in Birmingham killing four black children during the civil rights movement. The first amazing video of the poem song accompanying a music video “Slavery and Civil War” with the singing accompanied by powerful photos and illustrations of slavery and civil war. Tennessee State University produced the second brilliant music video which has two wonderful singers singing the poem along with a montage of photos and film from the civil rights movement of the 1960s. The vocals are song by Santayana Harris and Kameka Woods, both of whom have amazing voices.
W. H. Auden’s “Funeral Blues” is Auden’s version of a blues. The movie "Four Weddings and a Funeral” helped make Auden’s blues famous, and you can on youtube see the section of the movie where a character at a funeral recites the poem. But even better is “Funeral Blues” W.H. Auden Tribute where a wonderful female singer sings the poem cabaret style more like Auden wrote it. Also someone did a music video of "Funeral Blues" read to photos of actor Heath Ledger as a tribute to him.
The literature book has an excerpt from rapper Run D.M.C ‘s “Pied Piper.” Of course, youtube has a video of Run D.M.C. doing the whole rap “Pied Piper” which has many literary references to fairy tales and nursery rhymes--it's really good. Yes, rap is poetry, popular poetry just like traditional folk ballads like Barbara Allen.
I gave my students a homework assignment to see the youtube videos and they seemed to like seeing poems as songs on videos. I learned something from this as I hoped they did.
Friday, January 02, 2009
Master poet of Iraq: Saadi Youssef
Youssef was born near Basra, Iraq, in 1934. His life has been one of forced expulsions and exiles. When young he became sympathetic to socialism, and after an unauthorized trip to a Moscow youth conference in 1957, he was forced to leave Iraq for Kuwait. After the 1958 Iraq revolution, he returned to him homeland, but was jailed and then left for Algeria.
He turned to Iraq again, but with Saddam Hussein's coming to power in 1979, he left the country. In 1982 he was living in Beirut writing for Palestinian publications when the Israels bombarded Beirut so he left with the Palestinian fighters. In mid-1980s he was living in socialist South Yemen, working in publishing, when the civil war started. After his home was bombed he was forced to leave. In France after 1991 he helped organize an Iraqi expatriates club in Paris, but after the French police asked him to be an informant, he left. Youssef is similar to left poets such as Neruda who was forced to flee Chile and Nazim Hikmet, Turkey's great poet who spent time in jail and years in exile.
Youssef is an 3rd generation modernist in Arabic poetry. He's influenced by poet Al-Sayyab's modernist poetics mixing love lyrics with political discourse in the same poem. Both Al-Sayyib and Youssef are also committed to free verse and experimentation. His translator Mattawa has said that Arab critics "have noted that Youssef prefers whispering to declaiming." The first poem in Youssef's collection "Night in Hamdan" describes a poor provincial village the poet lives in with "tuberculosis and date palms" but the poet whispers to his beloved, "you, in whose eyes I behold spring/ how can a friend forget you?"
His poem "In Those Days" describes his Iraqi imprisonment dwith the guards' beatings and the judge's derision but the poet never loses hope: "When we were thrown in the imprisonment that has yet to end, I vowed: 'This heart's yearning will not end.'" Nothing--not decades of exiles of expulsions--has ever diminished his hope. Youssef is a great poet of hope. The poems from his "Beirut" book are amazing accounts of living under Israeli bombardment. In the poem "A Raid" from "Daily Chores" the poet describes
The room shivers
from distant explosions
The curtains shiver.
Then the heart shivers.
Why are you in the midst of all this shivering?
Even under bombardment, he still attends to his heart; the poet is not declaiming but is listening to his heart's shiverying.
Youssef, who translated Walt Whitman into Arabic, is most famous for his poem "America America" written after Gulf War I but seems to be written for Gulf War II. In this poem the poet quotes blues and loves jazz, Mark Twain, Mississippi steamboats, and American fields of wheat and proposes exchanges between himself and America:
Take James Bond's golden pistol
and give us Marilyn Monroe's giggle
...................................
Take the Afghani mujahadeen beard
and give us Walt Whitman's beard filled with butterflies.
Take Saddam Hussein
and give us Abraham Lincoln
or give us no one.
The poet wants these peaceful exchanges, not war, not soldiers. The tragedy is we didn't send to Iraq Whitman and Marilyn Monroe's giggle and Lincoln but instead we sent to Iraq bombers, tanks and 100,000 soldiers.
Wednesday, December 31, 2008
Going Green in 2008 and Saving Money
I decided if Erikesen could sail the raft across the Pacific I'd quit using plastic bags. Whenever I went grocery shopping, I trained myself in a new habit of bringing my cloth bags to haul my groceries home. A lot of community groups gave out free cloth bags so I have quite a collection. I also bought organic cloth bags for $30 to bag fruits and vegetables rather than using the small plastic grocery store bags. I don't have all these plastic or paper bags cluttering up my drawers or needing to be recylcled, so cloth bags are definitely more convenient.
Also, I started composting in my mother's backyard. I took a class in composting that the L.A. Parks and Recreating holds at its Griffith Park composting facility:
http://www.laparks.org/dos/camps/facility/griffithPkCompost.htm
After the class I bought one of the low-cost big green composting bins they had for sale. Learning how to compost was very easy, and I got two households to compost: mine and my mother's. Actually it was amazing to watch how the compost reduced itself. Keeping up the compost doesn't take much time--just add more fruits, vegetables, leaves, lawn clippings and water. One needn't take a class. In a half hour Internet research one can find out how to compost. By composting, getting rid of the plastic bags, and recycling all paper, metal, and plastic in the blue bins, I've reduced my trash for landfill quite a lot.
Also in 2008 I helped plant three trees. I donated money to Treepeople to plant a tree as a memorial for two friends who had died: my mother's old friend Delores Smith and our family friend Dr. Saul Niedorf. I find it comforting that out there in Southern California there is the Delores Smith tree and also the Dr. Saul Niedorf tree growing.Treepeople, who have planted one million trees in the Los Angeles area, can be found online at
www.treepeople.org
I also got a free tree from the Los Angeles Conservation Corps which was planted in the parkway in front of my mother's house and I've ordered another tree from them for the parkway. In Los Angeles people can get free trees from either Los Angeles Conservation Corps or LA DWP as part of Mayor Villaraigosa's initiative to plant a million trees My mother's garden already has a fig tree, an orange tree, a tangerine tree, and a lemon tree, and we've ordered a fuji apple tree. I've also had bougainvillea planted around my mother's back window to shield the house from the sun.
In the spring my brother and I planted our first vegetable garden in my mother's backyard. I figured if I want to green the earth I'd start by learning about our backyard soil, so did a test to see how quickly the soil absorbs water and also put store-bought compst to improve it before we planted We used Pat Welsh's excellent book "Southern California Gardening: A Month-by-Month Guide" as our bible. We planted corn, beans, tomatoes, carrots, watermelon, strawberries, radishes, and herbs--basil, sage, parsley, rosemary. I used the basil to make pesto, the carrots to make carrot cake, and we enjoyed eating the corn. We didn't plant in the fall but I want to resume planting as soon as possible. Though a few things didn't work out--the watermelon, for instance or the zuchinni--but we learned a lot and are proud of our first vegetable and herb garden. I had to learn how to dry and store our rosemary and sage.
Lastly, when my mother's water heater broke, I got her a tankless water heater which saves energy and water. The tankless water heater does cost more than the gas water heater, but over the long run it will reduce electricity and water bills so the cost between the two water heaters will be the same. My mother's washing machine also quit, so I got a Energy star washing machine and a $200 rebate from L.A. DWP. We got a rebate for the tankless water heater also. I've been trying to buy all paper products which are recycled as well as non-toxic cleaners such as Bon Ami cleanser and Trader Jo's cedarwood and sage multi-purpose cleaner. By careful shopping at stores like Trader Jo and Vons one can find non-toxic cleansers and paper that are about the same in price as the standard cleansers and paper goods or only a bit more.
I've also enjoyed the whole process of going green this year, especially the gardening. I love to cook, and love to go to the garden, clip off rosemary or sage or tomatoes or lemons from the lemon tree--nothing could be finer. I'm sorry we let the garden go fallow in the fall but hope we'll have a bigger, better garden using our own compost. In the end I think I saved money through all these measures. Now my brother I am are planning our garden so we'll soon do a winter planting but we live in L.A. and crops grow year round!
Sunday, December 28, 2008
Woman of Rome: A Life of Elsa Morante
Morante had a difficult childhood. Her legal father was impotent and scorned by her mother; her mother had a long affair with a handsome rascal who fathered her four children but abandoned his offspring. At 18 Morante left home in the 1930s to support herself tutoring and struggling to write in great poverty--an act of great courage at time for a young Italian woman. Tuck shows had courage, dedication to writing, and honesty were three main aspects of Morante's character.
By 1941 she had married Moravio, who already was an established writer. Because Morante and Moravio were both half-Jewish, their lives in Rome grew more precarious toward the end of the war until the Fascist police wanted to arrest Moravio, so both fled into hiding, first with friends in Rome and then in a small mountain village south of Rome. One of the most moving part of the biography is Tuck's description of Moravio and Morante's harsh nine-month exile up in the mountains in a one-room peasant hut close to starvation waiting for the Allies to arrive.
With the liberation of Rome, Morante and her husband returned to Rome, beginning to publish novels, establishing themselves as the de Beauvior/Sarte of post-War Italian literature. They were friends with many of Italy's leading writers and filmmakers in that amazing cultural explosion directly after the war. Tuck's book wonderfully recreates the glories of this cultural explosion in Rome of the 1940s and 1950s--la dolce vita. But la dolce vita had a harsh side for Morante. Even as her novels won literary prizes, her marriage with Moravio broke up, she had a painful love affair with the filmmaker Visconti who preferred men, and her close friendship with filmmaker/poet Pasolini eventually broke up.
Tuck also gives much insight into Morante's writing, showing how she was part of the modernistic revolution in Italian literature against realism. Her writing was influenced by surrealism, Freud, the violence of World War II, and her close friendships with two leading homosexual artists. In her writing she explores the toxic effects of obsessive loves within families, homosexuality, and the horrible violence of World War II on the Italian poor. The last theme dominated her most famous novel, "History: A Novel," which showed the impact of World War II brutality in destroying a poor mother and son living in Rome. Morante is an Italian equivalent of Simone de Beauvoir or Virginia Woolf as a courageous woman writing exploring major themes of the 20th century, and Tuck's biography is excellent.
Friday, December 26, 2008
"Links," one of the Great Novels of this decade
"Links," Farah’s ninth novel, deals with how Somalis in the mid-1990s during the horrors of the civil war gave each other courage, love, and refuge. The main character Jeebleh is an exile living in New York returning home after a twenty year absence to Mogadiscio. With epigrams from Dante’s Inferno, Farah leads us through the hell of Mogadiscio in the mid-1990s as Jeebleh lands at the airport just captured by a warlord and full of menacing armed young men. Jeebleh like the reader is disorientated by this strange, violent land so different from the peaceful Mogadiscio he once knew.
Jeebleh like all Somalis has to choose who to trust: his clan, the one dominated northern Mogadiscio, or his best friend Bile from a different clan that dominates southern Mogadiscio. Does one trust blood relations of the tribe or friends? Jeebleh choose friends over blood of the clan. He finds refuge from the violent city with Bile, a doctor who along with close friends and family started the Refuge, a clinic/school/refugee home for people from different clans. The Refuge that Bile creates were “oceans of comfort in a land of sorrow” (155).
Bile’s young niece Rasta, a child many Somalis consider magical and giving protection and safety to those near her, has disappeared along with her best friend. Jeebleh wants to find the grave of his mother and rescue Rasta, and again he turns not to his clan but to his friends who help him. Again and again his clan relatives lie to him, try to coerce money from him, and try to kill him. Farah clearly sees armed warring clans as destructive forces and only trusting, loving friends who create refuges able to bring the future.
Throughout the novel Jeebleh and his friends tell each other stories—stories of what they did in the previous twenty years through which Somali history unfold or Somali folktales through which Somali culture is revealed. At one point Jeebleh thinks, “He and his friends were forever linked through the chains of the stories they shared” (334). At one point a friend tells Jeebleh that “It makes me sad to think that you’ll not only become part of the civil war story, but totally get lost in it” (215).
Jeebleh never gets lost in the civil war story but instead constructs an alternative story about honoring his dead mother, getting justice, and loving his friends. "Links" is about how constructing alternative stories to the civil war story in Somalia is necessary to creating peace, hope, and a future. The novel brilliantly thrusts us into the inferno of violent Mogadiscio but leaves us with a hopeful and tranquil. It is one of the great novels of this decade.
Wednesday, December 24, 2008
Best Books I Read 2008
Fiction
Alaa al Aswamy- "Chicago"--excellent novel about Egyptian graduate students and professors in Chicago caught between pull of Egyptian and American cultures
Nadeem Aslem--"The Wasted Vigil"--tragic novel about the waste of lives of the Afghan 30-year war
Po Bronson- "Bombadiers"--novel that delves into psychology of corrupt bond traders in an investment bank-
Pat Dillon- "The Last Best Thing"--funny satire about excesses of Silicon Valley
during the dot.com era
Nuruddin Farah- "Links," gripping, fascinating novel about people who help give each other hope, love, and refuge during civil war in Somalia in 1990s
Michael Frayn--"Spies"--novel set in Britain during World War II about two boys whose search for spies lead to disaster- lovely Proustian recalling of childhood
Joyce Carol Oates- "The Falls"--novel about Love Canal, environmental disaster,
an American family destroyed and then redeemed.
Ellen Ullman- "The Bug"---excellent novel delving into psychology of computer programmer and tester searching for elusive computer bug- makes poetry out of computer programming!
Poetry
Gilgamesh--great 1st epic in the whole world from ancient Sumer in the modern day Iraq about loss of best friend and becoming human
Mahmoud Darwish-"Unfortunately, It Was Paradise: Selected Poems," wonderful selection from Palestinian poet who was the voice of Palestine
Saadi Yousef-"Without an Alphabet, Without a Face: Selected Poems" - heartbreaking poems by leading Iraqi poet
Non-Fiction
Paulina Borsook- Cyberselfish- extended essay critical of selfishness permeating Silicon Valley culture
V.S. Naipul- The Writer and His World- great essays by Nobel Laureate from Trinidad in Carribbean- essays about Caribbean and Argentinian politics of 1960s-1990s are brilliant
Pat Welch- Southern California Gardening- great book that helped me start my first vegetable garden in Los Angeles-- a real treasure for all L.A. gardeners
Tuesday, December 23, 2008
Superb Novel about Afghanistan
Aslam was born in Paskistan to a secular family, and was brought to England when he was fourteen. He has written two fine previous novels about Pakistanis.
"The Wasted Vigil" focuses on the walking wounded of the Afghan Wars who find a short refuge with Marcus, an English doctor who has a house in a small town outside Jalalabad under the Tora Bora Mountains and has lived there for decades. Marcus himself is one of the walking wounded; his Afghan doctor wife Qatrina was murdered by the Taliban, his daughter Zameen was captured by the Russians and disappeared, and he’s searching for his long lost grandson. Marcus gives refuge to Lara, a Russian woman searching for her lost brother Benedikt, a soldier in the Russian army in Afghanistan who defected and disappeared.
The next walking wounded is David Town, an American who once loved Marcus’s daughter Zameen, comes to visit Marcus and to see the school he has built. Town, once a CIA anti-Communist spy, saw how his work arming Muslim fundamentalists helped destroy Zameen who was murdered by these same funademantalists. Now he’s long given up spying and tries to build schools in American-dominated Afghanistan as way of repentence. He is mourning his lost love Zameen.
Casa is a young Taliban who helps bomb David's school and later gets wounded. David, not knowing that Case hepled bomb his school, rescues him but Casa’s comrades see him received money from David, the American, so they are out to kill their former comrade. Casa finds refuge with Marcus. Casa is brilliantly portrayed as an orphan missing his family he never knew raised in madrassas and trained as a mujahaddin who became his new family. Lastly, Dunia, a young Afghani female schoolteacher whom the warlords want to kill as they close down her school, finds refuge with Marcus.
As these characters struggle to rebuild their lives and develop friendships, two love affairs begin—David allows himself to care again for Lara while Casa, the Taliban, begins to shyly fall in love with the modern Afghani Dunia. Great loves resonate throughout this novel: Marcus and his wife Qatrina; David and Zameen. Marcus and his wife had devoted their lives to books, art, music, and healing, so the novel is infused with marvelous language and love for the Afghani/Persian art, music, and literature.
As the characters search for the lost relatives, the novels frequently flashes back to decades previously where Marcus, his wife Qatrina, his daughter Zameen, the Russian soldier Benedikt, David, and the Afghani warlords all interact. Many of male characters--David, Casa, Benedikt the Russian soldier--have been modeled by childhood into warriors and done terrible acts as adults yet the novelist shows us their vulnerabilities and the terrible price these three pay. The women--the Russian Lara and the Afghans Quintirina and Dunia--suffer as their men, their country, and their own lives are impaled. Aslam mixes immense beauty of love and love of literature with horrible stories of atrocities the main characters suffer. No character is stereotyped but all are flawed and wounded but capable of love.
As an new war heats up between Americans and the resurgent Taliban, war again edges even closer to Marcus’s home, so the refuge Marcus hosts is only temporary. The novel ends in tragedy again for the main characters mimicking the larger tragedy of Afghanistan. Read this novel—it’s sad, haunting, and brilliant.
Wednesday, December 17, 2008
Best selling Egyptian novelist Alaa Al Aswany
Aswany studied dentistry at the University of Illinois in Chicago, and back in Cairo has supported himself as a dentist. He uses his graduate studies in Chicago and his familiarity with the city in his novel Chicago which has intertwining tales of two Egyptian professors at the university and four Egyptian graduate students in medicine as well as one left-wing white professor and his black partner.
Many of the characters deal with their own conflicts between Egyptian and U.S. cultures. New female graduate student Saymaa starts a friendship and then a romance with lonely brilliant Tariq Haseeb; both are from traditional families who believe in arranged marriages but the two explore new freedoms of dating. Tarif feels superior to Saymaa, a country girl, so how much should she trust him? Both Dr. Ra’fat Thabit and Dr. Muhammad Salah have made successful professional lives in the United States, married American women, and seemed to assimilate fully. When Thabit’s only daughter leaves her father's home to go live with a poor painter, Thabit becomes an enraged Egyptian traditional father. He struggles with rage and caring as his daughter develops a drug addiction. As for Dr. Salah, after years of full assimilation in his American life, he has such nostalgia for his old political girlfriend in Cairo that he starts searching for her through the Internet and ignoring his American wife. All of Aswamny's characters seems real with fascinating predicaments.
Aswany, a long-time dissident fighting to end the dictatorship in Egypt, has the core of the novel dealing with his characters differing reactions to the Egyptian dictatorship. Nagi Abd al-Samad is a newly arrived graduate student who is a poet and dissident in his home country but wants a master’s degree to support himself. His nemesis is graduate student Ahmad Danana, a spy for the Egyptian secret police who runs a student association where he bosses the other Eyptian students around. While Danana wants to organize a reception for the visit of the Egyptian leader, al-Samad wants to organize a protest. The characters argue over politics as Aswany reveals the brutality, torture, and sadism involved in a long-standing dictatorship. The book is immensely revealing about Egypt from a reasoned, intelligent critic of that government.
The book is brilliant about showing the conflicts of all its Egyptians characters and the conflicts within Egyptian politics, but it also pinpoints flaws in American culture such as our drug problems when Dr. Thabit’s daughter becomes addicted. Some critics have said Aswany's portrait of a black single mother's difficult job search is unrealistic, but what kind of job can a black single mother with little education get? Aswany seems accurate in his portrayal of a single mother's actual job prospects for only minimum wage wage but she still desires a job that can get her bling. Aswany is an astute observer of Egyptian but also American characters. All in all, if one wants to read one of the most famous Arabic novelists, read Alaa Al Aswany’s Chicago.
Sunday, December 14, 2008
Yiddish Los Angeles in December
Russian Jewish wedding music in Plummer Park in West Hollywood, the heart
of the Russian neighborhood in Los Angeles.
Below from Yiddishkaht Los Angeles newsletter is news of some upcoming Yiddish
events mostly musical this December:
12/18 RUSSIAN-JEWISH WEDDING MUSIC
Еврейской свадебной музыки
Thursday, December 18, 2008 7:00 pm
Free Admission
RSVP to reserve a seat (see below)
Fiesta Hall, Plummer Park
Join in the celebration. Yiddishkayt invites you to a concert exploring the many faces of Russian-Jewish wedding music. The unique trio of musicians shares an incredible, encyclopedic fluency in Jewish, Moldavian, Roumanian and Russian music, a rare and special talent.
Local treasures Isaac Sadigursky (Clarinet) and David Kasap (Accordion) have been playing music together for 50 years, meeting in their youth as Conservatory roommates. Isaac and David are both natives of what is now Moldova, located between Ukraine and Roumania. They are joined by world-renowned klezmer revivalist and music scholar, Michael Alpert (Creative Direction, Violin & Voice) of Brave Old World. Fluent in Yiddish, Russian, Polish, Spanish, German, Serbo-Croatian and conversant in a dozen more languages, Michael has drawn from his deep family heritage and extensive travels to become a pioneering figure in the current renaissance of East European Jewish klezmer music for over 25 years.
FREE ADMISSION, general seating
RSVP to reserve a seat by emailing us your name and number of people in your party (up to 4)--You do not need to RSVP to attend the concert. - email RSVP at events@yiddishkaytla.org
Fiesta Hall, Plummer Park (map)
7377 Santa Monica Blvd, West Hollywood, CA
(parking lot entrance off Santa Monica Blvd)
Monday, December 08, 2008
Obama's Big Mistake: Hiring Larry Summers
Summers first became famous when he worked at the World Bank in the early 1990s for his memo that Africa is underpolluted and that industrial countries should dump their pollution on Africa. He became even more famous as President of Harvard University by saying women are by our genes less qualified to be scientists than men. Harvard faculty voted overwhelming no confidence in him, so he was fired in June, 2006.
Summers has advocated disastrous economic policies for decades. In the 1980s Summers was first brought to Washington by his thesis advisor M. Feldstein to be part of Reagan brain trust, serving on Reagan's Council of Economic Advisors from 1982-3 where Summers adopted Regan right-wing attacks on New Deal regulation of bank and finance. In 1990 Lithuania hired him to help their transition to a free market. According to Mark Ames in the "Nation," Summers advocated such a harsh, brutal privatization of the economy that within five years the suicide rate in Lithuania jumped to the highest in the world and "in 1992, after just two years of Summers-nomics, the traumatized Lithuanians voted the communist party back into power, the first East European nation to do so."
Summers didn’t learn anything from the Lithuanian disaster because soon he advocated as U.S. Treasury undersecretary under Clinton the same dreadful economic policies for Russia. According to Peter Bosshard, the policy director of International Rivers, “In the early 1990s, he [Summers] was instrumental in pushing through an untested system of voucher privatization for Russia’s state-owned enterprises. As more prudent colleagues at the World Bank such as David Ellerman had warned, his policies resulted in economic collapse, widespread misery and the emergence of the current system of crony capitalism in Russia.”
Summers’ policies in Russia resulted in the Russian GNP plunging 60% while Russian had the worst "death-to-birth ratio of any industrialized country" (Ames). By the end of the 1990s the “free market” in Russia Summers had set up made a spectacular collapse while his protégé Schliefer was accused by the U.S. Department of Justice of corruption in Russia and the Justice Department was seeking $100 million in damages from Schliefer. As Harvard President Summers put pressure on to get Schliefer off the hook. The death rate in Russia was still soaring.
Having helped destroy the economies for Lithuania and Russia, Summers still hadn’t learned anything. By the late 1990s was Deputy Secretary of the Treasury Department under Clinton when Korean and other Asian countries faced by a financial crises. As Deputy Secretary of the Treasury Department, Summers had policies that wouldn’t let South Korea and Thailand have economic stimulus programs like Obama wants now to do. Summer's policies enforced through the International Monetary Found forced the Koreans to sell off cheaply many of their large corporations to U.S. companies and investors. The I.M.F. policies crashed the South Korean economy, causing a severe recession including huge increase of lay-offs, unemployment, much lowered wages, and huge collapse in the standard of living.
As Secretary of the Treasury under Clinton, he is responsible for the current economic crises in the U.S. Naomi Klein says, “Summers along with Alan Greenspan and Robert Rubin were the key architects of the policies of deregulation that created the crisis that we’re living now.” The three sucessfully abolished Glass-Steagal Act from the 1930s that regulated banks, so the three right-wing ideologues got a new law that allowed for mergers that created banks too big to fail. Summers made yet another disastrous decision when his policy said the U.S. government wouldn’t regulate derivatives held by investment banks—these derivatives are weapons of mass economic destruction key to the current financial disaster. Summers in another disastrous policy decision allowed banks to carry huge amounts of debt—33 to 1 in the cast of Bear Stearns. Summers like his boss at the Treasury Department Robert Rubin was a ardent support of N.A.F.T.A and global sweatshops.
Summers has never been a “free thinker” but a dogmatic right-wing advocate of deregulation and privatization no matter how much havoc it costs it country after country decade after decade. His past economic policies have created disasters to the economies of Lithuania, Russia, South Korea, and now the United States. Rivers says, "Larry Summers is not the free thinker which his supporters make him out to be. He has time and again acted as a dogmatic neoliberal with little regard for subtleties such as the history, political culture and power relations in a country."
What’s wrong with Obama appointing such a long-standing right-wing ideologue as a top economics advisor is that Summers never faces any consequences from his disastrous economic policies in so many countries. The whole dialogue about Summers in mainstream media including the December 7, 2008, New York Times article is about how “smart” he is without any documentation of what he’s done. There’s a huge lack of reality in talking about Summers in the U.S. mass media. Reality never seems to matter. All those suicides in Lithuania never matter. All the Russians who died early deaths never matter. All those U.S. workers who lost their jobs because of N.A.F.T.A that Summers loves don't matter.
The Rachel Maddows show had an interview with Representative Peter DeFazio (D-Oregon) about the Obama stimulus package just passed. Rep. De Fazio said, "There’s a pretty good consensus among members of the House that it [spending on infrastruture] should be more. But the dictate from on high in the negotiations with Obama’s advisers — I don’t think the President is there — I think he’s ill-advised by Larry Summers. Larry Summers hates infrastructure, and some of these other economists — who were very much part of creating the problem. Now they’re gonna solve the problem. And they don’t like infrastructure." De Fazio said that 33% of the stimulus package is tax cuts while 7 % is spending on transportation infrastructure. Rep. De Fazio says that Obama advisors like Summers " want to have a consumer-driven recovery. We need an investment- and productivity-driven recovery for this country, a long-term recovery." Also, Summers and the rest of Obama's economic adsiors are living in cuckooland if they think consumers are going to start spending a lot in 2009 as all eocnomic evidence is Americans are saving not spending.
Rep. De Fazio is correct. The last thing this bankrupt coutry needs now is tax cuts. Continuing Republican policies like tax cuts will only lead to protecting the rich who can benefit from reignited consumerism and misery and poverty for millions of Americans now losing jobs and homes. Summer's as Obama's policy advisor looks like the he will treat the United States like he once treated Russia pushing policies to help set up an oligarchy and leading to economic misery of millions of citizens.
Sunday, November 30, 2008
Mulholland a Christmas Carol--a holiday play
Robens rewrites Dickens class tale "A Christmas Carol" about greed, poverty, and justice making Ebenezer Scrooge, the mean spirited wealthy man, into William Mulholland, the man who built Los Angeles Department of Water and Power at the beginning of the 20th century. A small band with violin, keyboards, guitar, bass, and drummer played the score while the excellent cast sings the wonderful musical numbers. The show also has fine choreography including the Owens Valley farmers dancing traditional country dances while they sing "Our Owens Valley Song," a song of praise to rural California.
The story begins the day before Christmas when Mulholland at his DWP office won't give the drought-struck Owens Valley farmers any water and threatens to lay off his clerk Van Norman. That night Mulholland is visited by four ghosts. The first is Fred Eaton, ex-mayor of Los Angeles who helped Mulholland steal Owens Valley water, now a ghost in chains. The next ghost is explorer John Wesley Powell as Ghost of Christmas past who shows Mulholland scenes of his youth when he first came to Los Angeles as a poor idealistic young man who sings "Los Angeles River," a lovely song to L.A.'s very own river.
The play delightfully satirizes water politics and corruption in the song "Land Grab" with Harrison Gray Otis, builder of the Los Angeles Times newspaper; Moses Sherman, developer of the city's first electric car system; and rest of the cast singing and dancing out how Los Angeles got all of Owen's Valley Water leading to a twenty years water war.
The next Ghost of Christmas present is Teddy Roosevelt who along with Mulholland sing Roosevelt's mantra "Bully" about forging ahead to get what you want before the Ghost shows Mulholland the suffering of Owens Valley farmers in the drought-stricken region as well as the poor Christmas of his clerk Van Norman and his family.
The Ghost of Christmas Future, a black robbed figure, points out to old Mulholland two alternative futures. He can continue to build the Saint Francis Dam which will then burst--it really did spectacularly burst onstage--to drown hundreds or he can stop building the dam and share his water with the Owens Valley farmers and his wealth with his clerk Van Norman and his family helping them have a better Christmas. The alternative futures in December, 2008, are California alternative futures.
So rush to this show if you want to have a real Los Angeles holiday play. Also, hopefully the play will be videotaped as well as a recording made of the score and songs. The play is the most wonderful way to teach history, so a videotape as well as CD should be in Los Angeles' libraries as well as its schools..
Sacred Fools Theater Company
660 No. Heliotrope, Los Angeles Ca 90004
310-281-8337
www.SacredFools.org
Friday, November 07, 2008
Best Silicon Valley novel: Pat Dillon's "The Last Best Thing"
Dillon satirizes J.P. McCorwin or J.P., head of a start-up who like many heads of Silicon Valley companies is charismatic and legendary. J.P.s legend began when he headed R & D of Infinity Corporation where he had helped develop many new spiffy products. Dillon quickly punctures the myth: J.P. 's new products "defined both narcissism and overpricing and excited everyone except consumers and financial analysts" so he was fired. Dillon portrays how J.P., who was once a countercultural radical, has changed: the man who once hung out with French anarchists while studying at the Sorbonne has recreated himself after reading Any Rand and wants to serve God and greed at the same time as getting revenge against his former company. The name of J.P.'s French sidekick is priceless: Baba RAM DOS. Dillon is the only novelist of Silicon Valley who satirizes the Bay Area's cultural evolution from 1960s to the 1990s from counterculture to using computers for greed and revenge.
Even better, the novel wonderfully capture's J.P.s '60s rhetoric to his employees and journalists to ring in the suckers. He has no product but boasts to all the product will change the world and get them all rich. It's about time that a novelist skewered the heads of start-ups like J.P. who rushed to get millions of venture capital and were obsessed with stock shares when they had few or no products and no profits. The myth of Silicon Valley is a hard one to puncture but Dillon does so hilariously. A lot of the plot is absurd which wonderfully captures the absurdity of rushing to sell stocks with no profits to back it up as so many did in the Valley. Like Dillion says the J.P.s of Silicon Valley were selling "vapor."
Dillon also satirizes people's escaping into online fantasies. Brad, the head of marketing at J.P.s company, is having an Internet affair with the online sexpot Rose D. rather than deal with his falling apart marriage, his alienated son, or his wife's bullying his daughter. When nearing the climatic online moment with RoseD his laptop catches fires. After another laptop explodes, Brad finds that the second victim Jason, the programmer, was also online hot and heavy with RoseD. Brad is aware that both men are competing for the same virtual woman.
This novel is the first to explore the Valley's geography and history while other Silicon Valley novelists recreate Anywhere U.S.A as they describe mansions, offices, chains, and fast food joints. Dillon uses two characters--Brad the marketing guy and Maria Cisneros, the Mexican-American Executive Assistant--to symbolized all those who grew up in the area but feel like outsiders to explore this geography and history. Brad feels left-out on the day when all his Palo Alto neighbors celebrate their private colleges with banners so he hoists his old San Jose State t-shirt to the gable over the doorway, which provokes put downs from his Yuppie wife.
Maria grew up in as daughter to a vineyard foreman in Santa Clara Valley, the pre-Silicon Valley. She grew up on farmland in the eastern foothills then sold to developers which her retired father always laments, but she went on to get a Stanford MBA. In the job interview with J.P., Maria is seduced by J.P.'s tales of both producing the Last Big Thing to make a bundle of money improving the world so she gives him thousands of both her and her dad's hard earned money as "seed money." She lives now in glitzy new Silicon Valley but left her heart in old rural Santa Clara.
Maria and Brad are the naive ones taken in by financial seductions of the J.P.'s of the world. While the FBI hunts for RoseB, J.P. plans to use publicity to get a "buzz" while he still has no product to sell but still plans a IPO to make a killing in the stock market before he cuts and runs. Both Maria and Brad are like Kafesque characters lost in this absurd world. Brad realizes he's head of marketing but has no idea what the product he's supposed to market while Maria has to write a SEC prospectus for the IPO also without knowing what the product is. Dillon satirizes their naivete as they slowly gain forces to try to understand what J.P. is doing and who RoseD is? Dillon's novel is so good because its the only one to completely step outside of the get-rich-quick myth of Silicon Valley to show us how naive and propesterous this myth is.
Sunday, November 02, 2008
Three Good Silicon Valley novels
Well, here are short takes on three good Silicon Valley novels:
1. Matt Richtel's "Hooked," a fun, absorbing murder mystery about addictions. Nat Idle the hero, a S.F. medical journalist, is sitting in a San Francisco Internet cafe when a woman hands him a note in the handwriting of his dead girlfriend Annie telling him to leave immediately. He walks out and then the Internet cafe blows up. Idle uses his journalistic skills to search for who bombed the cafe and to investigate if Annie is really dead. Annie was/is a venture capitalist, daughter of a leading Silicon Valley venture capitalist. So the novel takes us from the mansions of venture capitalists to the down home S.F. bars where Idle hands out with his friends, from encrypted files to geeks who open such files. In a lighthearted way the mystery is really about addiction to love and addiction to computers and how the two are intertwined.
2. Po Bronson's "The First $20 Million Is Always the Hardest" is a fascinating novel about young engineers struggling to escape the treadmill of bad jobs and boring lives in Silicon Valley. The head of research at La Honda Research Center in the Silicon Valley hills assigns new engineer Andy Caspar to La Honda's worst research job: designing the $300 computer. Caspar recruits three other software and hardware guys at La Honda and inspires his team to take their job seriously. After they are all fired, they begin their own startup--the four idealistic young guys trying to make a go it amidst the nasty politics, betrayals, and backstabbing of the older men in the computer industry.
Bronson gets the details right from Caspar's boarding house for penniless Stanford grad students, to all four engineers' romantic problems, to the 'board" meetings the four engineers have in the local fast food joints to the mind games the engineers play such as the infinity loop. Infinity loop is a prank engineers play getting a newbie to go on a wild goose chase ending exactly where they started. The infinity loop in the novel is the model for all the traps or loops or treadmills in society that make people go round and round ending exactly where they started. The engineers are aiming at jolting society out of its infinity loop.
3. Po Bronson's "Bombadiers is a satire of corrupt bond traders on mid-1990s San Francisco. While not actually set in Silicon Valley, the novel captures the 1990s spirit of yuppies struggling on awful jobs to make big bucks and how their companies mercilessly manipulate them. Bronson worked for a time at First Boston, an investment bank, so he really captures the atmosphere of Bay Area yuppies on the make--whether in finance or Silicon Valley of the 1990s. Actually, the two fields were closely intertwined.
Sid Geeder, the hero of "Bombadiers," is the King of Mortgages, the top seller of terrible overpriced bonds based on bad mortgages from failed S & Ls. Geeder and all the other salespeople know the bonds are terrible and know that the bonds are unpayable, but gleefully he sells bonds worth millions to those he hates as a way to undermine to government. To sell the bonds, Geeder makes up lies that "were well-constructed bombs that blew up few years down the road." Geeder is a "bombadier," spewing out his bombs--lies--about the financial system in order to make his $4 million in stock. Now that all those bombs of securities based on bad mortgages have blown up the global financial system, this novel is utterly fascinating in a ghoulish way.
Bronson's chapter "Addictions" shows how the bonds salespeople are all addicted--to greed, to drugs, to lousy romances. Addictions seems to be part of the job. Another fascinating chapter "Information Economics" deals with how "the Information Economy was a Ponzi scheme spiraling out of control" starting with information glut stemming from computers and the press as well as the investment bank spreading rumors aka lies through the information system to help sell bonds. If a reader wants to understand the mindset of bond and stock traders knowingly selling bad securities, this novel is for you.
Another fascinating chapter is "Assets" detailing how this extremely rich investment bank tries to stay as liquid as possible--everything in its offices is temporary and it can fire all its salespeople at any moment. The company's biggest asset is its workers' brainpower: "the firm strategized incessantly to milk its employees' brainpower while simultaneously keeping them so strung out, addicted, and off-kilter they didn't know how valuable they had become." What's fascinating is "Bombadiers" as well as "Hooked" show how Yuppie's addictions hook them into the nasty system while the characters in "Bombadiers" as well as "The First Twenty Million" struggle to escape this vicious system or get out of the infinity loop.
Sunday, October 26, 2008
Paulson Won't Get Bank Loans from his Bucks
The bankers gave themselves billions of bonuses each year for all their good works. Hank Paulson makes a fortune of $700 billion. He also successfully lobbies the SEC so these new investments of bad mortgages aren't regulated. President Bush asks him to be Secretary of the Treasurey. When the subprime mortgages starts tanking in 2007 he does nothing. When more mortgages default throughout spring of 2008 he does nothing. Then September, 2008, Paulson announces that the U.S. economy will collapse unless the Congress passes his $710 bailout to buy the bad mortgages so banks will begin lending again. The U.S. citizens voice their opposition 100 to 1, but on Wall State and big business exerts pressure so Congress on its second try passes the bailout. Immediately stock markets crash around the world.
In the October 25, 2008 New York Times Joe Nocera wrote a column titled "So When Will Banks Give Loans?" After Nocera reminds us that Paulson had sold his $700 bailout to Congress as the fastest way to get banks giving loans again, the writer says "the dirty little secret of the banking industry is that it has no intention of using the [bailout] money to make new loans."
Nocera heard a J.P. Morgan Chase banking insider say the $25 billion the bank got from the government "will help us do is perhaps be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling." In other words, the bank is thinking of using its money to acquire other banks. The J.P. Morgan Chase executive said his bank will not be making more loans. They are hoarding the money.
Nocera adds that Treasury really didn't want its bailout money to go for bank loans but "Treasury wants banks to acquire each other and is using its power to inject capital to force a new and wrenching consolidation." Also, the Treasury Department "recently put in place a new tax break, worth billions to the banking industry, that has only one purpose; to encourage bank mergers." The banking industry should really appreciate Secretary Paulson for giving them such huge tax breaks. Also, Paulson is using the bailout money to turn the U.S. banking system into a "oligopoly" of huge banks--that will hurt rather than help this country. The huge banks will benefit from the bailout but the rest of the country will be big losers. Besides, J.P. Morgan Chase is really sound and didn't need the $25 billion at all.
Nocera then compares Paulson's bailout with the British government's. Paulson's bailout gifts the money to banks while only recommending they give loans while the British government mandated lending as a requirement for getting the capital. Because of Paulson's toxic bailout investors for good reasons won't trust the financial system and won't invest. The stock market will continue to fall. People will continue to lose jobs and homes by the hundreds of thousands.
First, Paulson's bank Goldman Sacks is one of the key plays in creating the housing bubble--they profit mightily. Paulson's bailout was a con job to help a few big banks including his own Goldman Sacks but is harming the whole U.S. economy. Paulson's own billions in Goldman Sacks stock and has huge conflicts of interest. He'll go down in history injecting taxpayer money into big banks, one of whose stock he owns. He's a greedy little man and a low class grifter, but our tragedy is he's the Secretary of the Treasury.
Saturday, October 18, 2008
How People Can Improve the Economy
So let's see what people did in the 1st years of the Great Depression when Secretary of the Treasury Mellon was yelling liquidate the banks, liquidate the farmers, liquidate the workers and unemployment climbed to 25% by 1932
People organized Unemployment Councils from 1930-32 that demanded unemployment (there was none at the time) and food from the local governments. In the hunger marchers which culminated on International Unemployment day on March 6, 1930, the marchers in many cities demanded unemployment relief, and they wanted to "work for wages." The Communist Party and its allied organizations were the main organizers of the Unemployment Councils which stopped evictions and asked city governments for relief--food and small change.
By 1931 hunger marchers in 12 state capitals demanded relief and unemployment insurance. A national hunger march on December 7, 1931, was timed to coincide with the opening of Congress. The December 7 march demanded unemployment insurance and a social insurance system to cover maternity care, illness, accidents, and old age. Local demonstrations and conferences select 1,670 delegates who converged on Washington from four separate columns. The marchers were never allowed to speak to Congress or the president, but their mass meetings brought these issues to be discussed nationally.
In the March 7, 1932, at Ford Hunger March Three thousand marched from Detroit to the Ford employment office in the suburb of Dearborn, a company town where Ford's main complex was located. Most were auto workers and their families. Police gassed the marchers when they were entering Dearborn. Then some marchers threw stones. When the marchers arrive at Ford, the police fired at them, killing five. The cops blamed the Communists and had a witch hunt with raids against left-wing organization, but the Ford hunger marchers held a huge funeral march of 30,0000--the unemployment movement in the Detroit area then grew even stronger.
Also World War I veterans organized the bonus march across the country of 43,000 veterans and their families asking for a bonus they said they had been promised for their war service in spring of 1932. The Bonus marchers arrived in Washington D.C. on June 17, 1932 where they had an encampment. Hoover got hysterical and asked General McArthur to clear out the bonus marchers, so he had has troops shoot at them, killing two.
By 1933 radical farmers were protesting throughout the Midwest. In February 1933, thousands of farmers marched on the new capitol building in Lincoln, Nebraska, demanding a moratorium on all farm foreclosures. The Legislature halted foreclosure sales for two years, but the legislators allowed district judges to decide how long a foreclosure could be postponed or to order the proceedings to go forward anyway. In the first test case ended the judge said the sale to go forward. Farmers and their newspapers demanded higher farm prices, cancellation on payment of feed and seed loans, a moratorium on mortgages and reduced taxes.
The marchers' demands then were adopted by FDR and the Democratic Party and by the 2nd half of the 1930s passed as legislation: unemployment insurance; state relief in food and small amounts of money; disability insurance; social security for the elderly; the W.P.A. and C.C.C. programs that hired the unemployed for jobs; the T.V.A. program to help impoverished farmers in the Tennessee Valley; agricultural subsidies to help farmers. At the end of World War II in 1944 Congress finally responded to the demands of the veterans in the Bonus March by enacting the G.I.Bill of Rights legislation giving education benefits so World War II veterans could get a free college education and low-interest G.I. home mortgages.
So the 99% of the U.S. people who have been against Paulson's idiotic bailouts and Bush's inept economic policies should like the protesters in the 1930-1931 publicly through marches, demonstrations, conferences articulate a set of demands; 1) extend unemployment insurance; 2) have FANNIE MAE and Freddie Mac give new low-interest mortgages to stop forecloses; 3.) allow judges in bankruptcy courts to lower the amount owed in mortgages; 4.) have a government-sponsored green energy program hiring unemployed modeled after the W.P.A. and C.C.C. 5.) have a government program to rebuild roads, bridges etc. hiring unemployed; 6.) single payer national health insurance.
Wednesday, October 15, 2008
Comparing 1929 and 2008
Right now the same problem is occurring: the income of Americans is too low to buy goods and services. Former labor secretary Reich said, "Americans have lived beyond their means because their means have declined. It is necessary that their means be restored." Many Americans turned to credit cards and subprime mortgages because they lacked money. Juan Cole says , ’’The average wage of the average worker is lower now than in 1973 and has been lower or flat for the past 35 years. That's the condition of the 300 million or so Americans.” Cole says 300 million have stagnant wages while we have 3 million Superrich who take home 20% of the national income, owning some 45 percent of the privately held wealth in the US.” The Regan-Clinton-Bush neoliberal economic policies have smashed the middle class and working class enriching the 3 million superrich just like the 1920s.
Hoover’s Secretary of the Treasury Andrew Mellon who was a firm believer in cutting taxes, especially on the rich. In the 1920s Mellon kept on advocating and getting tax cuts for the very rich. The rich put their money saved into the bank as they already had far more than they needed.—this excess savings of the rich and unequal income distribution in the 1920s with a small Superirch and a larger struggling masses helped trigger the Great Depression. Bush like Mellon was all about cutting taxes on the superich. Also McCain’s economic plan is all about cutting taxes—that helped cause the Great Depression. He sounds like the reincarnation of Hoover and his Secretary of the Treasury Mellon.
Secretary of the Treasury Mellon in 1930s had a theory of not bailing out banks, but letting the strong banks survive and the weak banks go bankrupt. Go bankrupt they did, so by 1932 there was panic and runs on the bank until late 1932 when FDR was elected and the banking economy completely collapsed. Ben Barncke, the current head of the Federal Reserve Bank, is supposedly a student of the Great Depression, and is critical of Mellon's not trying to save the faiiling banks of 1930-32. The only problem of Bernacke's analysis is that unemployment steadily rose in the time period while wages fell. What as really driving the economny down was falling wages as Americans bought less and less.
Americans by 100 to 1 were against Paulson’s toxic $700 bailout. First, Congresspeople listened to us, rejecting the bailout but then Wall Street and Chamber of Commerce pressure was applied, so Congress reversed itself, approving the bailout. Then stock markets crashed around the world. It seems that Americans consuming on credit cards were the driving force between global economic expansion, particularly in Asia, buying all those goods from China, Japan, Korean, etc etc. So last month when Americans reigned in our spending, those economies in Asian felt pain. Paulson's bailouts do nothing to help Americans get more money from wages so we can buy more goods and services.
Last Friday financier George Sorros on Bill Moyer’s TV show on PBS told the truth about Paulson’s bailout for the first time on mainstream corporate media: Paulson’s bailout is designed to help bank stockholders. By the way, Paulson owns $650 million stock in Goldman Sacks investment bank so Paulson is helping himself and his cronies. Everything Paulson has done is to bailout out bank stockholders, the people who caused the financial crises by demanding ever increasing profits from the banks and who benefited from ever increasing profts from the banks.
Friday, October 10, 2008
Los Angeles artists have Onyx reunion
an artists' cafe that was LA Weekly says 'about the closet thing to '20s-era Paris this town has
ever seen." Yes, I was there from the beginning--it was true. In a tiny
cafe in Silverlake we had poets, painters, rock' musicians, avant garde musicians,
art students--it was a great artists cafe. Run by Fumiko Robinson and John Leech,
it was our home away for home ,our communal artists living room. I read poetry
at the first Onyx art event upstairs which went on for hours.
I will read tomorrow at 2pm followed by leading L.A. poet Holly Prado and 11 more hours. The party will go on until 1 am.
Poet/writer S.A. Griffin brings us The 10-Year Onyx Reunion. Griffin calls it "an old-fashioned Onyx hoedown" with music from Atomic Sherpas, Charmkin Rebellion, Bill Markus, Michael Whitmore and Ron Hershewe bands, poetry by Steve Abee, Rafael F.J. Alvarado, Holly Prado and Blakeslee Stevens. Tribal Café, 1651 W. Temple St., L.A.; Sat., Oct. 11, noon-1 p.m.; free. (213) 483-4458. Pictured: Atomic Sherpas.
....
Monday, October 06, 2008
Tent Cities and Sara Palin
Actually, I've thought the people like Bush and Paulson who go around saying that Congress must pass the bailout or the sky will fall have been first creating fears and then manipulating fears to pass their terrible bailout. Some good things have been happening. The globe in the last few weeks has people using less oil--a good thing as it lessens global warming. The people who created the bubble and frauds in Wall Street have begun to be exposed. People in the United States have been spending less and saving more--a good thing. But now we have to deal with our many problems starting with tent cities growing up across the nation. These people need to be put in homes.
I'm not underestimating our economic problems--the economy lost 760,000 jobs this year including losing 159,000 jobs in September. People move to Reno to try to find casino jobs but no jobs so wind up in tents. They move to California for jobs but no jobs. New York Times reported Friday people in Nebraska are beginning to abandon children as they did in the Depression. We have tent cities going up outside Los Angeles and Reno and other places.
We have a leadership crises where leaders of both parties have been pushing hard for a terrible $700 billion bailout. We have a mass media which focuses on trivia such as Sara Palin's wink rather than she did a dreadful job on the debate last Thursday. When asked what Palin would do about the mortgage crises, she ignored the question. Her recipe for improving the economy is a tax cut as she repeated during the debate a tax cut creates jobs. That's total idiocy, particularly in a month where 159,000 jobs were lost. We've had eight years of Bush tax cuts and lost millions of jobs. Tax cuts do not create jobs. Palin flunked on the debate. Palin should get the Herbert Hoover award for the dumbest comment made about the economic crises. It's time the mass media stopped being so incredibly stupid in how they write about her.
Wednesday, October 01, 2008
200 economists against the bailout
(This letter was sent to Congress on Wed Sept 24 2008 regarding the Treasury plan as outlined on that date. It does not reflect all signatories views on subesquent plans or modifications of the bill)
To the Speaker of the House of Representatives and the President pro tempore of the Senate:
As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis. We are well aware of the difficulty of the current financial situation and we agree with the need for bold action to ensure that the financial system continues to function. We see three fatal pitfalls in the currently proposed plan:
1) Its fairness. The plan is a subsidy to investors at taxpayers’ expense. Investors who took risks to earn profits must also bear the losses. Not every business failure carries systemic risk. The government can ensure a well-functioning financial industry, able to make new loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise.
2) Its ambiguity. Neither the mission of the new agency nor its oversight are clear. If taxpayers are to buy illiquid and opaque assets from troubled sellers, the terms, occasions, and methods of such purchases must be crystal clear ahead of time and carefully monitored afterwards.
3) Its long-term effects. If the plan is enacted, its effects will be with us for a generation. For all their recent troubles, America's dynamic and innovative private capital markets have brought the nation unparalleled prosperity. Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted.
For these reasons we ask Congress not to rush, to hold appropriate hearings, and to carefully consider the right course of action, and to wisely determine the future of the financial industry and the U.S. economy for years to come.
For the whole list of names of the economists, go to the link
http://faculty.chicagogsb.edu/john.cochrane/research/Papers/mortgage_protest.htm