Remora
Right after 9/11, Eric Boehlert published a nice compendious look at the WTC buildings.
His sources were agreed that the buildings were an exercise in elephantiasis, the bigger is better aesthetic of despots, pharaohs, and Rockefellers. Nelson and David were the men behind the WTC. The financing, the shady way the Port Authority suddenly had extra port authority to build the things, the running off of small merchants, the choice of an architect/drone, Yamasaki, were all about what NYC was in the seventies -- a sort of Trojan graveyard in which the buzzardly rich picked the bones, while the angry poor cried among them, scrapped up livings from the broken streets, and were instilled with the ethic of hopelessness. Yamasaki was type-cast: he'd processed modernism into a plutocratic pleasing tic, discarding its utopian beginnings, and distilling its totalitarianism into pure Brasilia; his own eccentricities simply made things worse:
"And then there were the unusually narrow office windows that robbed tower inhabitants of what should have been an indisputable perk: the view. Yamasaki was afraid of heights and decided in order to make everyone feel secure while they worked in the offices, the windows, set between columns, would be just 18 inches across, narrower than Yamasaki's own shoulder span."
Well, in this week's New York Obs, Nicholas von Hoffman goes on a rampage about the Towers. von Hoffman is one of those muckraking journalists who rode in on the sixties, re-discovering capitalism's black secret: profit has little to do with the economist's juiceless picture of it as a sort of epiphenomena of efficiency. No, profit is made, and the making of it, like charcuterie, requires a certain high imperviousness to the squeals of dying animals. Although way back in 1830, Balzac already understood this, the generation of sixties journalists seemed especially transfixed by the insight, which was not covered on any of the tv quiz shows they saw as kids. Hoffman went from writing for the Washington Post, I believe, to writing the biography of the ultimate American confidence man, Roy Cohn. Unlike Murray Kempton, who Hoffman has obviously thought about a lot, Hoffman doesn't really have that last bit of sympathy for the sinner. This is why he has lately sounded like H.L. Mencken -- not from the good period, but from the forties. Hoffman has spent the nineties in a state of perpetual irritation. Limited Inc had its own trouble with the nineties, the era of the mendacious Clinton, the end of welfare as we know it, and the heavy skewing of the wealth index to the top of the pile, (not to mention that sound (what's that sound?) in the background (everybody look what's going down) -- which turned out to be the bombing of Iraq) but Hoffman was irritable to a degree that even got on our nerves. We like the way he stubbornly remains unaffected by an afterglow of sentiment for the ruined towers, but we really mean unaffected. Here's the second graf:
"Never the same again goes the cry of regret. But why? And why should we want it to be the same? I am not, of course, speaking of the lives lost, yet the crime of Sept. 11 does not obviate the truth of the World Trade Center towers: They were a couple of ugly and ill-proportioned buildings of egotistical dimension and heartlessness. They had nothing noteworthy about them but gross altitude. It was by height alone that they drew attention away from the graceful Empire State Building, that old, fine-lined, Art Deco candlestick in the sky. The Empire State is a building worthy to be a symbol of a city, but the W.T.C. towers were two blunt, aluminum-clad hippo teeth stuck up in the air, symbolic of little more than the crassness and philargyry for which New York is known. They were Governor Nelson Rockefeller�s "Fuck you, everybody, I�m more powerful than you are�my balls are bigger and my dick swings a larger arc than yours."
More in that vein pours out of his pen. I don't know about the dick swinging a larger arc, although it is a very rat pack image -- the early seventies, you will remember, were immortalized by such White House sayings as Spiro Agnew's threatening to put Katie Graham's "tits in a wringer.' This is what you get when you unleash gin and Hugh Hefner on the 50s college male population, then follow up with a decade of luscious stories of flower girls giving it up for free, I guess.
Sunday, November 4, 2001
Remora
Limited Inc plans, God willing, to take a trip on a plane again some day (correcting an earlier version of this post that pinged on Alan's grammatical radar -- see comments). Nobody, to put it mildly, has been calling for our services lately. Is media dead, or like Elvis is it out there in hiding, its death a huge fake-out? Well, that's a story to cry about at some later point. More relevant point is that we would like, really, not to have to confront villains on our flight. It is part of the wish list that includes not running out of gas, getting the dinner from the first phase of when the hosts are handing them out (I hate it when I have the seat that is just above the dividing line, so I get the dinner and drinks last), and not setting next to a whacko. Yes, I prefer flying undisturbed by gun or knife or even tweaser toting loonies stalking down the aisle, none of that. But securing airline customers from such unpleasantness seems to be a very low priority in D.C. right now. A high priority is making sure that companies like Argenbright Security keep raking in the dough. Here's the WP story
Shaping a Compromise on Airport Security by Ellen Nakashima and Greg Schneider
The grafs about Argenbright, apparently the nation's largest provider of airport security, strike a comic note:
"Last month federal investigators found that Argenbright was employing security workers who did not speak English at Dulles International Airport. When investigators gave a skills test to 20 Argenbright workers at Dulles, seven failed. The company was already on probation for serious security violations last year at the Philadelphia airport, for which it paid $2.3 million in fines and restitution and several managers went to jail.
"Argenbright Security was founded in Atlanta in 1979 by Frank Argenbright, who sold the company in December to Securicor PLC of Britain for about $175 million. Workers from Argenbright were on duty at Dulles and at Newark International Airport when terrorists hijacked flights from those locations on Sept. 11."
The house repubs and our C-i-C Bushypoo seem to believe that the old system should be fluffed up like you fluff up the pillows for the guests, after which the attention will be off it, money will flow, and we can all go to sleep again. I sometimes forget that capitalism's unremitting focus on profit produces, in times of stress, a blindness to prudence ever surprising to the outside observer, or victim. Let's see if short term memory loss is the norm in Congress, or a mere aberration.
Limited Inc plans, God willing, to take a trip on a plane again some day (correcting an earlier version of this post that pinged on Alan's grammatical radar -- see comments). Nobody, to put it mildly, has been calling for our services lately. Is media dead, or like Elvis is it out there in hiding, its death a huge fake-out? Well, that's a story to cry about at some later point. More relevant point is that we would like, really, not to have to confront villains on our flight. It is part of the wish list that includes not running out of gas, getting the dinner from the first phase of when the hosts are handing them out (I hate it when I have the seat that is just above the dividing line, so I get the dinner and drinks last), and not setting next to a whacko. Yes, I prefer flying undisturbed by gun or knife or even tweaser toting loonies stalking down the aisle, none of that. But securing airline customers from such unpleasantness seems to be a very low priority in D.C. right now. A high priority is making sure that companies like Argenbright Security keep raking in the dough. Here's the WP story
Shaping a Compromise on Airport Security by Ellen Nakashima and Greg Schneider
The grafs about Argenbright, apparently the nation's largest provider of airport security, strike a comic note:
"Last month federal investigators found that Argenbright was employing security workers who did not speak English at Dulles International Airport. When investigators gave a skills test to 20 Argenbright workers at Dulles, seven failed. The company was already on probation for serious security violations last year at the Philadelphia airport, for which it paid $2.3 million in fines and restitution and several managers went to jail.
"Argenbright Security was founded in Atlanta in 1979 by Frank Argenbright, who sold the company in December to Securicor PLC of Britain for about $175 million. Workers from Argenbright were on duty at Dulles and at Newark International Airport when terrorists hijacked flights from those locations on Sept. 11."
The house repubs and our C-i-C Bushypoo seem to believe that the old system should be fluffed up like you fluff up the pillows for the guests, after which the attention will be off it, money will flow, and we can all go to sleep again. I sometimes forget that capitalism's unremitting focus on profit produces, in times of stress, a blindness to prudence ever surprising to the outside observer, or victim. Let's see if short term memory loss is the norm in Congress, or a mere aberration.
Saturday, November 3, 2001
Remora
It is a barbarous place. Men are tortured by being confined for years to silent underground chambers. Some are cast into prison for violating taboos against using unclean plants, and left to rot the best portion of their lives away. Others, for petty thefts, can receive what amounts to a life sentence.
No, we aren't speaking of some Moslem republic in Central Asia -- we are of course describing the legal system of California, in many respects more regressive than the penal system of England, circa 1815. In such darkness, untouched by the recently much vaunted fruits of Western Civilization (Limited Inc is exaggerating -- there are some very sweet sex videos coming out of the Valley), a small but astonishing victory for reason was reported by the AP's David Kravets in this story:
Federal court throws out 50-year 'three-strike' sentence for shoplifter in California
lede graf:
"A federal appeals court threw out a shoplifter's 50-year sentence under California's "three strikes" law as overly harsh � a ruling that could lead to hundreds of challenges from defendants who received near-life terms for petty crimes."
further down, the casus and crux, a scandal to the Greeks and a stumbling blocks to our homegrown redneck element, who are no doubt even now petitioning for an end to the reign of the pernicious judiciary:
"[Leonardo] Andrade got 50 years in prison for stealing nine videotapes, valued at $153, from a Kmart. The court noted that kidnappers and murderers could receive less time than Andrade, who had a record of several nonviolent, petty crimes."
Of course, given the barbarity of a considerable portion of the electorate, which has sublimated its grandfathers' thirst for lynching into a penal code of a dense, complex ignorance, and a penal archipelago that has safely euphemized its systematic cruelties under such euphemisms as 'solitary' , no doubt this will be an issue on the hustings. How can our children be safe when bloodthirsty video thieves are allowed to prowl the aisles at KMart with impunity? We can just see the torches burning in the suburbs of Los Angeles, all the Day of the Locusts faces, the masks under the masks of reaction, like some Georg Grosz nightmare.
It is a barbarous place. Men are tortured by being confined for years to silent underground chambers. Some are cast into prison for violating taboos against using unclean plants, and left to rot the best portion of their lives away. Others, for petty thefts, can receive what amounts to a life sentence.
No, we aren't speaking of some Moslem republic in Central Asia -- we are of course describing the legal system of California, in many respects more regressive than the penal system of England, circa 1815. In such darkness, untouched by the recently much vaunted fruits of Western Civilization (Limited Inc is exaggerating -- there are some very sweet sex videos coming out of the Valley), a small but astonishing victory for reason was reported by the AP's David Kravets in this story:
Federal court throws out 50-year 'three-strike' sentence for shoplifter in California
lede graf:
"A federal appeals court threw out a shoplifter's 50-year sentence under California's "three strikes" law as overly harsh � a ruling that could lead to hundreds of challenges from defendants who received near-life terms for petty crimes."
further down, the casus and crux, a scandal to the Greeks and a stumbling blocks to our homegrown redneck element, who are no doubt even now petitioning for an end to the reign of the pernicious judiciary:
"[Leonardo] Andrade got 50 years in prison for stealing nine videotapes, valued at $153, from a Kmart. The court noted that kidnappers and murderers could receive less time than Andrade, who had a record of several nonviolent, petty crimes."
Of course, given the barbarity of a considerable portion of the electorate, which has sublimated its grandfathers' thirst for lynching into a penal code of a dense, complex ignorance, and a penal archipelago that has safely euphemized its systematic cruelties under such euphemisms as 'solitary' , no doubt this will be an issue on the hustings. How can our children be safe when bloodthirsty video thieves are allowed to prowl the aisles at KMart with impunity? We can just see the torches burning in the suburbs of Los Angeles, all the Day of the Locusts faces, the masks under the masks of reaction, like some Georg Grosz nightmare.
Remora
Put the current deadlock in Congress in the growing list of things that haven't changed since Everything has changed. Tom Delay, who might be the best friend the Democrats have in Congress, pretty much kicked ass on the House vote that killed federalizing screeners. The real deal here is, why pay anything for defense of the Heimat when we could all just equip our private persons with guns? That obviously is in the Sugarland rep's mind, a mind forged in Texas and exhibiting all the qualities that make Texans proverbially obnoxious.
The Times story today quotes the usual airline officials saying that spending bucks on security is a huge priority, meaning sub voce that it ranks just below finding cheaper peanut packet dealers. And all the usual wonks say they have studied every aspect of the baggage system (the very thought of studying every aspect of the baggage system makes Limited Inc reach for our coffee and gulp a big caffeine laden swallow), and that basically, we are being screwed. Screeners from McDonalds, an antiquated bag matching system, and some airlines are training their pilots to use stun guns. Is this America, united, fighting against terrorism? Or is it corporations and Repubs fighting against decency and common sense? Okay, it is the latter, I'm not asking the tough questions this morning. Back thought has to be, they've done the plane strategy, surely they'll move on to the dams or nuclear power plants or something.
Here are two grafs:
"Critics note what they regard as a pattern of slow response by the government and airlines to air disasters.
Bag matching has been debated since the bombing of Pan Am Flight 103 over Scotland in 1988. The new federal rules on airport screening that were scheduled to be issued in mid-September were devised after the crash of TWA Flight 800 off Long Island in July 1996. Implementation of the rules, which call for tripling classroom training for screeners, among other steps, was delayed for two-and-a-half years while the F.A.A. tried to figure out how to measure screeners' performance. The agency now says it has held off imposing the rules until Congress agrees on new security legislation."
Yes, infinite, infinite imbecility.
Put the current deadlock in Congress in the growing list of things that haven't changed since Everything has changed. Tom Delay, who might be the best friend the Democrats have in Congress, pretty much kicked ass on the House vote that killed federalizing screeners. The real deal here is, why pay anything for defense of the Heimat when we could all just equip our private persons with guns? That obviously is in the Sugarland rep's mind, a mind forged in Texas and exhibiting all the qualities that make Texans proverbially obnoxious.
The Times story today quotes the usual airline officials saying that spending bucks on security is a huge priority, meaning sub voce that it ranks just below finding cheaper peanut packet dealers. And all the usual wonks say they have studied every aspect of the baggage system (the very thought of studying every aspect of the baggage system makes Limited Inc reach for our coffee and gulp a big caffeine laden swallow), and that basically, we are being screwed. Screeners from McDonalds, an antiquated bag matching system, and some airlines are training their pilots to use stun guns. Is this America, united, fighting against terrorism? Or is it corporations and Repubs fighting against decency and common sense? Okay, it is the latter, I'm not asking the tough questions this morning. Back thought has to be, they've done the plane strategy, surely they'll move on to the dams or nuclear power plants or something.
Here are two grafs:
"Critics note what they regard as a pattern of slow response by the government and airlines to air disasters.
Bag matching has been debated since the bombing of Pan Am Flight 103 over Scotland in 1988. The new federal rules on airport screening that were scheduled to be issued in mid-September were devised after the crash of TWA Flight 800 off Long Island in July 1996. Implementation of the rules, which call for tripling classroom training for screeners, among other steps, was delayed for two-and-a-half years while the F.A.A. tried to figure out how to measure screeners' performance. The agency now says it has held off imposing the rules until Congress agrees on new security legislation."
Yes, infinite, infinite imbecility.
Remora
Brent, of the Weblog review, sent us notice that Limited inc was being reviewed there today. We'd submitted in the hope of sweetness and light and blurbs. He seems enthusiastic enough about us to rank us just below a man whose claim to immortality is posting pix of naked gals on his site. This is not exactly the kind of applause we were shilling for. We like to think the comparison is with Adorno's Minima Moralia, or Peguy's Cahier; instead, the competition is with boobs on a stick. Oh how the mighty are fallen.
Further site specific comments. I've installed a comments code thingy, and we will see if it works this time. I noticed that my archives get that awful AOL dialogue box about do you want to continue using scripts, which is a drag. But I am hopeful I'll iron out the kinks.
Brent, of the Weblog review, sent us notice that Limited inc was being reviewed there today. We'd submitted in the hope of sweetness and light and blurbs. He seems enthusiastic enough about us to rank us just below a man whose claim to immortality is posting pix of naked gals on his site. This is not exactly the kind of applause we were shilling for. We like to think the comparison is with Adorno's Minima Moralia, or Peguy's Cahier; instead, the competition is with boobs on a stick. Oh how the mighty are fallen.
Further site specific comments. I've installed a comments code thingy, and we will see if it works this time. I noticed that my archives get that awful AOL dialogue box about do you want to continue using scripts, which is a drag. But I am hopeful I'll iron out the kinks.
Friday, November 2, 2001
Notice:
Hey, if you read Limited Inc regularly, you might want to pitch some pennies in our pot. This is a call to all good men and women of conscience -- the rent's overdue, the electricity is overdue, and the liquor bills are insurmountable. So send us checks, money orders, or warm women's undergarments: Make your check out to Roger Gathman, 615 Upson, #203 Austin, Texas 78703. We'd say, hey, you'll feel better, but really, who cares about you? We just want to make it to next month.
Hey, if you read Limited Inc regularly, you might want to pitch some pennies in our pot. This is a call to all good men and women of conscience -- the rent's overdue, the electricity is overdue, and the liquor bills are insurmountable. So send us checks, money orders, or warm women's undergarments: Make your check out to Roger Gathman, 615 Upson, #203 Austin, Texas 78703. We'd say, hey, you'll feel better, but really, who cares about you? We just want to make it to next month.
Remora
LimitedInc has made known its shameless crush on the NYT's Gretchen Morgenson. Some have compared it to the howling of a mangy, dying dog at the full moon; others, more mercifully, have compared it to an aging groupy's vain attempts to tempt teen Christian rockers into a three-way. Be that as it may, Limited Inc does not have the same hormonal surge for Floyd Norris. Sometimes his column stirs up thought, and sometimes dust. Today's is a little warning about deflation, with the reminder that hey, deflation is what happens during depressions. Although of course that isn't wholly fair - the great deflation of the 19th century, as we all know, while immiserating peasants and artisans, was a great boon to the urban proletariat and all who made their bread out of the workingman's bones.
Well, Norris takes the opportunity to advise the Fed. Here are two relevant grafs:
"Lower interest rates this year have kept the housing and auto sectors from collapsing, as they usually do early in economic downturns. But housing has started to weaken. "It now appears that a downward path of housing prices will accentuate the negative wealth effect from the stock market's decline," said Dean Baker, co-director of the Center for Economic and Policy Research in Washington.
A decade ago, Japan's central bank was slow to loosen credit after its bubble burst. There is no way to prove its reticence was the cause of Japan's malaise, but it did not help. It is a precedent that Mr. Greenspan surely recalls."
Well, not causing and not helping are a pretty vague jam to put in the gaps in the story of Japan's excellent bust. It is part of the superstition of the era that central banks operate a little switch when they tighten or loosen money - that they operate as the heart of the financial body. There the central bankers are with their waterworker caps on, turning faucets on and off, and here we are strung out along the financial circuits, getting just the right amount of juice. But Norris's quaint idea about loosening credit ignores the backstory: the Japanese housing market is differently structured than ours, and lowering credit when a real estate bubble like Tokyo's is busting might not make a whole hell of a lot of difference. I mean, to cover his ass on that point, Norris has to reference the speed of the cuts -- but when you cut as much as the Japanese did and the patient is dead, it is hard to see that the speed had too much to do with it. Capital doesn't appear magically when it can get a better rate of return elsewhere, which is why Japanese money fled to the USA. And really, when, as in the heyday of the Japanese insanity, Golf Club memberships are selling for five million bucks, you know the system has gone too screwy to be fixed by your friendly central bankers. Norris is citing the Japanese example to wave his finger in front of Greenspan's nose, as though the Fed hasn't been lowering its interest rate in the most aggressive fashion in, well, that Limited Inc remembers. The Fed's magical mystery rate depression, a hommage to obsessive compulsion, is bringing us into alien territory. When the interest rate gets this low, as Paul Krugman has observed, we definitely start unsettling the markets. The fed's low rates have been helpful in keeping the auto industry booming insofar as zero percent financing means the companies loose less on the transaction, but face it, this boom is has the sick room smell of the housing market with the S&L's in the late 70s -- one of those borrow low from us as we borrow high from other people, which eventually grabs and eats your ass.
LimitedInc has made known its shameless crush on the NYT's Gretchen Morgenson. Some have compared it to the howling of a mangy, dying dog at the full moon; others, more mercifully, have compared it to an aging groupy's vain attempts to tempt teen Christian rockers into a three-way. Be that as it may, Limited Inc does not have the same hormonal surge for Floyd Norris. Sometimes his column stirs up thought, and sometimes dust. Today's is a little warning about deflation, with the reminder that hey, deflation is what happens during depressions. Although of course that isn't wholly fair - the great deflation of the 19th century, as we all know, while immiserating peasants and artisans, was a great boon to the urban proletariat and all who made their bread out of the workingman's bones.
Well, Norris takes the opportunity to advise the Fed. Here are two relevant grafs:
"Lower interest rates this year have kept the housing and auto sectors from collapsing, as they usually do early in economic downturns. But housing has started to weaken. "It now appears that a downward path of housing prices will accentuate the negative wealth effect from the stock market's decline," said Dean Baker, co-director of the Center for Economic and Policy Research in Washington.
A decade ago, Japan's central bank was slow to loosen credit after its bubble burst. There is no way to prove its reticence was the cause of Japan's malaise, but it did not help. It is a precedent that Mr. Greenspan surely recalls."
Well, not causing and not helping are a pretty vague jam to put in the gaps in the story of Japan's excellent bust. It is part of the superstition of the era that central banks operate a little switch when they tighten or loosen money - that they operate as the heart of the financial body. There the central bankers are with their waterworker caps on, turning faucets on and off, and here we are strung out along the financial circuits, getting just the right amount of juice. But Norris's quaint idea about loosening credit ignores the backstory: the Japanese housing market is differently structured than ours, and lowering credit when a real estate bubble like Tokyo's is busting might not make a whole hell of a lot of difference. I mean, to cover his ass on that point, Norris has to reference the speed of the cuts -- but when you cut as much as the Japanese did and the patient is dead, it is hard to see that the speed had too much to do with it. Capital doesn't appear magically when it can get a better rate of return elsewhere, which is why Japanese money fled to the USA. And really, when, as in the heyday of the Japanese insanity, Golf Club memberships are selling for five million bucks, you know the system has gone too screwy to be fixed by your friendly central bankers. Norris is citing the Japanese example to wave his finger in front of Greenspan's nose, as though the Fed hasn't been lowering its interest rate in the most aggressive fashion in, well, that Limited Inc remembers. The Fed's magical mystery rate depression, a hommage to obsessive compulsion, is bringing us into alien territory. When the interest rate gets this low, as Paul Krugman has observed, we definitely start unsettling the markets. The fed's low rates have been helpful in keeping the auto industry booming insofar as zero percent financing means the companies loose less on the transaction, but face it, this boom is has the sick room smell of the housing market with the S&L's in the late 70s -- one of those borrow low from us as we borrow high from other people, which eventually grabs and eats your ass.
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