I can’t believe I’ve never mentioned this: My landlord is the moderately famous French philosopher and Columbia University professor, Sylvere Lotringer. He co-wrote a book with Paul Verilio called Pure War, and gave us each copies when we signed the lease. He is married to Chris Kraus a novelist/filmmaker from New Zealand/Germany. Just now he called to talk about the plumber.
My Landlord
Chicago reads a Western
Mayor Daley announced the latest “One Book, One City” selection for Chicago today. I don’t know if anyone pays much attention to these recommendations now that the OBOC craze has faded a bit, but the book is worth reading. The Ox-Bow Incident by Walter Van Tilburg Clark is a somewhat forgotten classic from 1940, a spare but stirring tale of morality in the lawless Old West. I recommend it highly whether you live in Chicago or not.
●
●
Appearing Elsewhere
In my most recent “Year in Reading” post, I mentioned Joseph McElroy’s Women and Men, a 1200-page novel it took me six weeks to consume and six months to digest. A somewhat longer, though still woefully inadequate, consideration appears today at The Los Angeles Times’ Jacket Copy blog, as part of “Postmodernism Month.” If you are like me one of those odd readers for whom the conjunction of the phrases “1200-page” and “Postmodernism” whets your appetite, pop on over to Jacket Copy and check it out.
●
●
Books As Newsmakers
My travels to the East coast last weekend swept away any doubt about the importance of the current wave of bestselling books about the Bush administration. In airport lounges, on planes, and in the New York City subways people everywhere are getting their news, not from the Times or from the weekly newsmagazines, but from a handful of books by people who enjoyed unfettered access to the current administration. I especially noticed an abundance of copies of Bob Woodward’s Plan of Attack as well as a handful of copies of Richard Clarke’s Against All Enemies, (which, at the moment, come in at number one and number six respectively on Amazon’s Top 100). The content of these books is interesting, but so is the phenomenon behind them. According to many who have been following this trend, we are in uncharted territory. In the Times, David K. Kirkpatrick explains why all of this is unprecedented and suggests that the administration’s vigilance over the information that ends up in newspapers and magazines has caused a spillover into books. Here is the article.
●
●
The Market Meltdown Explained
Every time the stock market crashes, someone gets famous for having predicted it. Though some will argue that there’s always somebody arguing that armageddon is right around the corner (and that even a stopped clock is right twice a day), one of the voices who predicted our current economic crisis – banker and economic historian Charles R. Morris – is getting quite a bit of praise on Wall Street and his recently released book, The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash, is selling like hotcakes.Thanks to our 24-hour news cycle, newsworthy events (9/11, Katrina, elections, the Red Sox winning the World Series, etc.) often spawn books that are rushed into print so that they can be in front of readers before the next headline has taken the spotlight. Morris’ book is unique in that it’s not a rush job, he began formulating the ideas behind it back in 2005, basing his pessimistic view on the activities of hedge funds and other Wall Street firms. As a recent NPR interview put it, “He ran a company that created the software investment banks and hedge funds use to build these new, exotic credit instruments. And he saw how they used his software, and thought, ‘This is crazy,’ he says. ‘I was sure that people weren’t keeping track of the trends so they had proper margins and collateral and so forth.'”For those interested in the topic, the NPR interview linked above is good, as is The Economist’s review, which explains just how far back the roots of the crisis go, in Morris’ estimation, “Mr Morris deftly joins the dots between the Keynesian liberalism of the 1960s, the crippling stagflation of the 1970s and the free-market experimentation of the 1980s and 1990s, before entering the world of ultra-cheap money and financial innovation gone mad.”At Foreign Policy Morris has offered up an 8-step explanation for what exactly went wrong and gives some insight into what happens next. Despite some technical terminology, this article should prove quite illuminating for those bewildered by our current economic crisis.
●
●
●
Bribing the Retail Set
I was rather astounded by this article in The Guardian today about publishers taking retailers on lavish trips to promote their latest books: to Pompeii for Robert Harris’ Pompeii, to New York for Hillary Clinton’s Living History, and to Madrid for David Beckham’s Beckham aka My Side. Before I get into how unsavory this practice is, can I first say that if such thing are going on, why was I never invited on an overseas publicity junket to promote a bestselling book? In fact, I must admit that before today I had never heard of this practice in the publishing world. In the film industry, pushover movie reviewers are routinely wined and dined in exchange for positive press, but I never noticed the general manager of my store jetting off on an all expenses paid trip to Pompeii. Of course, it’s possible that such perks are reserved for the folks who make the decisions at the big chains. A happy regional VP translates to prominent displays in 300 stores and a frontlist order of 30,000 copies. Then again, perhaps this is more of a British phenomenon than an American one. The odd thing, to me, is why bother spending all that money on a book that is already going to have prominent placement due to public interest. This is what those midlist authors are bemoaning when they say there’s not enough publicity money to go around.Back to VirginiaI was born in Albemarle County, I returned their for four years of college at the University of Virginia, and I’ll be heading back there again this summer for my wedding. But it’s more than all the history that I have there that makes it a special place for me. It’s beautiful country, peaceful, serene, and full of history. And for those who share my feelings on Albemarle County, there is now a lovely coffee table book about the place called Albemarle: A Story of Landscape and American Identity. Here are some sample pages.
●
●
Art Garfunkel is a Voracious Reader
A perfect post to leave you with as we head into the long weekend. Perhaps, like many people, you’ve been wondering what Art Garfunkel’s been reading for… oh… the last 39 years, give or take. Luckily, he’s been keeping track.As a result, perusing through the nearly 1,000 books he’s read in that time, I now know that:When I was born, Art Garfunkel was reading Letters from an American Farmer by J. Hector St. John De Crevecoeur.When I graduated high school, he was reading “Our Crowd” by Stephen Birmingham.When I graduated college, he was reading Interpreter of Maladies by Jhumpa Lahiri.And when I got married, he was reading Love, Groucho, the letters of Groucho Marx.What was Art Garfunkel reading on the important dates in your life? (Thanks to John for sending that brilliant link my way)
●
●