Tuesday, May 31, 2011

"Too Big To Fail":"First as Tragedy, Next as Farce"

Having just slogged through Andrew Sorkin's "Too Big To Fail" and caught the HBO docu drama, both the door-stopping book and director Curtis Hanson's very watchable but Olympian film (as in the Mountain, not the athletes) left me a bit cold. Sure, as Alexander Hamilton foretold, large debt and big business were the keys to American greatness. But, of course, the pursuit of happiness doesn't mean everyone will achieve it. So the book's interplay of the mini-biographies of the Wall Street players who featured so largely in the 2008 Financial Crisis, with a single photo of one of those titan's being confronted on the bailout by Main Streeters, coupled with the briefly titled epilogue regarding Wall Street bonuses and the corporation's failure to use the money to loan out, only marginally addresses how the popular wisdom that "the economy needed to be saved and only Wall Street with the cooperation of the American government could do it" by-passes the required analysis that this problematic and, for many (in the short term and for most in the long term), disastrous situation deserves.

As the NY Observer noted today, is Andrew Sorkin "too cozy with Wall Street"?

As philosopher/cultural theorist Slavoj Zizek noted in his book "First as Tragedy; Next as Farce" (Verso books) -- billions of dollars have been hastily poured into the global banking system in a frantic attempt at financial stabilization. So why has it not been possible to bring the same forces to bear in addressing world poverty and environmental crisis?


An interesting analysis of the book and some of Zizek's analysis may be viewed in RSA Animate based on Slavoj Zizek's book, "First as Tragedy; Next as Farce." If you sat through Too Big To Fail, this might also be more than worthy of a look. He may not have all the answers, but Zizek certainly raises many challenging questions.



And, if challenging analysis isn't your thing, and you need to have your illusions reinforced, here is a trailer from HBO's "TBTF":



 

Egyptian Post-Mubarak Military Council vs. Egyptian Women Who Protest: Beatings, Torture, "Virginity Tests"

The Associated Press in a Washington Post article reports that activists and bloggers are pressing Egypt’s military rulers to investigate accusations of serious abuses against protesters, including claims that soldiers subjected female detainees to so-called “virginity tests.” (DITHOB notes that while the focus in the mainstream media has been on the "virginity tests" which thenmselves are a primitive, loathsome action, these also have been followed by beatings, torture/electric shocks and "suspended" prison sentences by the Egyptian military of the women who were detailed/arrested.)


AP reports that bloggers say they will hold a day of online protest Wednesday to voice their outrage, adding to criticism of the Supreme Council of the Armed Forces, which took control of the country from ousted President Hosni Mubarak in February."

In the face of the criticism, four journalists along with a prominent blogger were summoned for questioning by the military prosecutor, according to a rights group. They were released without charges."


Hossam al-Hamalawy, the blogger, tweeted: “The visit to the military prosecutor became a chat, where they wanted clarifications for my accusations.”

The virginity test allegations first surfaced after a March 9 rally in Cairo’s Tahrir Square that turned violent when men in plainclothes attacked protesters and the army intervened forcefully to clear the square."

One woman who was arrested spoke out about her treatment, and Amnesty International further documented the abuse allegations in a report that found 18 female detainees were threatened with prostitution charges and forced to undergo virginity tests. They were also beaten up and given electric shocks, the report said."

Egypt’s military rulers have come under heavy criticism from the youth protest movement, which is upset at the pace of reforms that they hope will lead Egypt to democracy.Since Mubarak’s fall on Feb. 11, the military has led crackdowns on peaceful protests, and critics accuse it of failing to restore security in the streets or launch serious national dialogue on a clear path forward for Egypt.

The military council denied soldiers attacked protesters at the March 9 rally. But one general used a news conference to make negative remarks about women who mingle with men during the sit-ins and suggested lewd acts were taking place in protest camps.

“There were girls with young men in one tent. Is this rational? There were drugs; pay attention!” Gen. Ismail Etman, the council spokesman, said at the end of March.

"One of the women arrested, Salwa al-Husseini, gave a detailed account at a news conference in March of her treatment and said she was made to undergo a virginity test.She said she was slapped in the face and subjected to electric shocks in her legs before being taken to a military prison.

“When we went to the military prison, me and the girls, we were placed in a room with two doors and a window. The two doors were wide open,” she said. “The girl takes off all her clothes to be searched while there were cameras outside filming to fabricate prostitution charges against us later on,” she added.

“The girl who says she is single, she undergoes a test by someone; we don’t know if he is a soldier or some kid on their behalf,” she said.

Amnesty said in its report that one of the women told her jailers she was a virgin but was beaten and given electric shocks when the test supposedly proved otherwise."
The Arabic Network for Human Rights Information, in a statement Tuesday, said that the questioning of journalists or bloggers was an attempt to silence critics and create “an atmosphere of fear.” It warned: “The military council is committing a grave mistake if it continues to shut the mouths of those criticizing it. The council is not made up of angels.”

Full article here

Current Reading

  • Midnight Rising: John Brown and the Raid that Sparked the Civil War- Tony Horwitz
  • A Sultan in Palermo - Tariq Ali
  • Hitch-22: A Memoir - Christopher Hitchens
  • Negropedia- Patrice Evans
  • Dead Funny: Humor in Nazi Germany - Rudolph Herzog
  • Exile on Main Street - Robert Greenfield
  • Among the Truthers - A Journey Among America's Growing Conspiracist Underworld - Jonathan Kay
  • Paradise Lost - John Milton
  • What Is Your Dangerous Idea? Thinking the Unthinkable - John Brockman
  • Notes from the Edge Times - Daniel Pinchbeck
  • Fringe-ology: How I Can't Explain Away the Unexplainable- Steve Volk
  • Un Juif pour l'exemple (translated as A Jew Must Die )- Jacques Cheesex
  • The God Delusion - Richard Dawkins
  • Pale King - David Foster Wallce
  • David Bowie: Starman bio - Paul Trynka
  • Tobacco Stained Mountain Goat - Andrez Bergen
  • The Future of Nostalgia -Svetlana Boym
  • Living in the End Times - Slavoj ZIzek
  • FIrst as Tragedy Next as Farce - Slavoj Zizek
  • How to Survive a Robot Uprising - Daniel Wilson
  • Where is My Jet Pack? -Daniel Wilson
  • Day of the Oprichniks - Vladimir Sorokin
  • Ice Trilogy - Vladimir Sorokin
  • First Civilizations
  • Oscar Wilde -Andre Maurois
  • The Beats - Harvey Pekar, et al
  • SDS - Harvey Pekar, et al
  • The Unfinished Animal - Theodore Roszak
  • Friends of Eddy Coyle
  • Brooklands -Emily Barton
  • Abraham Lincoln - Vampire Hunter - Seth Grahme-Smith - Entertaining and historical
  • Dictionary of the Khazars - Pavic
  • Sloth-Gilbert Hernandez
  • War and Peace- Leo Tolstoy
  • Charles Addams: An Evilution
  • Life in Ancient Greece
  • Time - Eva Hoffmann
  • Violence - S. Zizek
  • Luba - a graphic novel by Gilbert Hernandez
  • Life in Ancient Egypt
  • Great Apes - Will Self - riveting and disturbing
  • Lost Honor of Katherina Blum - Heinrich Boll - could not put it down
  • Yellow Back Radio Brokedown - Ishmael Reed (author deserving of new wide readership)
  • Living in Ancient Mesopotomia
  • Landscape in Concrete - Jakov Lind - surreal
  • 'There Once Lived A Woman Who Tried To Kill Her Neighbor's Baby'-Ludmilla Petrushevskaya - creepy stories - translation feels literarily "thin"
  • Mythologies - William Butler Yeats (re-read again & again)
  • How German Is It ? - Walter Abish
  • The Book of Genesis - illustrated by R. Crumb - visionary
  • "Flags" - an illustrated encyclopedia - wish I could remember all of these. Flag culture
  • Sirens of Titan - Kurt Vonnegut
  • Ubik - Philip K. Dick
  • Nobody's Fool - Richard Russo
  • Hitler's Empire - Mark Mazower
  • Nazi Culture - various authors
  • Master Plan: Himmler 's Scholars and the Holocaust - Heather Pringle
  • Eichmann in Jerusalem - Hannah Arendt
  • Living in Ancient Rome
  • Traveling with Herodotus -R. Kapuszynsky
  • Oblivion - David Foster Wallace - Some of his greatest work
  • Infinite Jest - David Foster Wallace - still wrestling with this great book
  • Netherland - Joseph O'Neill - staggeringly great read
  • Renegade - The Obama Campaign - Richard Wolffe
  • Mount Analogue - Rene Daumal
  • John Brown
  • Anathem - Neal Stephenson - love Stephenson but tough slogging first few chapters
  • 7 Deadly Sins
  • ALEX COX - Alex Cox
  • FIASCO by Thomas Ricks
  • I, Fellini - Charlotte Chandler & Federico Fellini
  • Best of 20th century alternative history fiction
  • Judah P. Benjamin - Eli Evans - Confederacy's Secretary of State & source of the W.C. Field's exclamation
  • Moscow 2042 - Vladimir Voinovich - Pre-1989 curiosity & entertaining sci fi read; love his portrayal of Solzhenitsyn-like character
  • Gomorrah - Roberto Saviano - Mafia without the It-Am sugar coating. Brutal & disturbing
  • The Sack of Rome - Celebrity+Media+Money=Silvio Berlusconi - Alexander Stille
  • Reporting - David Remnick - terrific journalism
  • Fassbinder
  • Indignation - Philip Roth
  • Rome
  • Let's Go Italy! 2008
  • Italian Phrases for Dummies
  • How to Pack
  • Violence - Slavoj Zizek
  • Dali: Painting & Film
  • The Gang That Couldn't Shoot Straight - Jimmy Breslin
  • The Good Rat - Jimmy Breslin
  • Spook Country - William Gibson
  • A Blue Hand - The Beats in India - Deborah Baker
  • The Metaphysical Club - Louis Menard
  • Coast of Utopia - Tom Stoppard
  • Physics of the Impossible - Dr. Michio Kaku
  • Managing the Unexpected - Weick & Sutcliffe
  • Wait Til The Midnight Hour - Writings on Black Power
  • Yellow Back Radio Brokedown - Ishmael Reed
  • Burning Down the Masters' House - Jayson Blair
  • Howl - Allen Ginsberg
  • Cat's Cradle - Kurt Vonnegut
  • The Palace Thief - Ethan Canin
  • John Adams - David McCullough
  • The Wooden Sea - Jonathan Carroll
  • American Gangster - Mark Jacobson
  • Return of the King - J.R.R. Tolkien
  • Gawker Guide to Becoming King of All Media
  • Jews and Power - Ruth Wisse
  • Youth Without Youth - Mircea Eliade
  • A Team of Rivals - Doris Goodwin
  • Ghost Hunters -William James and the Search for Scientific Proof of Life After Death - Deborah Blum
  • Dream -Re-Imagining Progressive Politics in an Age of Fantasy - Stephen Duncombe
  • Love & Theft - Eric Lott
  • Exit Ghost - Philip Roth
  • Studio A - The Bob Dylan Reader

Current Listening

  • Alexi Murdoch Wait
  • Wilco Summer Teeth
  • Wilco The Album
  • Carmina Burana - Ray Manzarek (& Michael Riesmann)
  • Polyrock - Polyrock
  • 96 Tears - Garland Jeffries
  • Ghost of a Chance Garland Jeffries
  • Yellow Magic Orchestra
  • Mustang Sally Buddy Guy
  • John Lee Hooker
  • Black and White Years
  • Together Through Life - B. Dylan
  • 100 Days 100 Nites - Sharon Jones & The Dap Kings
  • DYLAN: 3 disc Greatest...
  • Glassworks - Philip Glass
  • Wild Palms - Soundtrack -Ryuichi Sakamoto
  • Dinah Washington - Best of..
  • Commander Cody& His Lost Planet Airmen Live at Armadillo