People are reading non-fiction, too. The big debut this week is Joan Didion’s new book Where I Was from. It’s part family history, part historical exploration of “where she was from,” the perplexing state of California, a fertile subject for analysis if ever there was one. People are already waving this book above their heads and extolling its virtues much in the same way as they did with her earlier book, Political Fictions. Another politically minded author garnering a wide readership is New York Times columnist Paul Krugman, whose op-ed pieces from the last three years have been collected in a single volume entitled, The Great Unraveling: Losing Our Way in the New Century. As the title indicates, his columns chronicle the collapse of the prosperity of the previous decade, and the former economist from Princeton feels that the current administration deserves much of the blame. If that’s too heavy, there are some less serious books that are or will soon be best sellers. Among them is a peculiar book that comes to us by way of England. Schott’s Original Miscellany by Ben Schott is an astoundingly clever and thorough little collection of trivia that manages to strike the perfect balance between being informative and being fun. For example, go to the official miscellanies website and get the official scoop on how palmistry works, and then feel free to troll around for other odd info at your leisure. Meanwhile, the more musically minded may have caught Martin Scorsese’s seven-part documentary about the blues which is currently airing on PBS. Elvis biographer Peter Guralnick helped compile the companion volume to the documentary entitled, Martin Scorsese Presents The Blues: A Musical Journey, an attractive book that features new essays by David Halberstam, Hilton Als, Suzan-Lori Parks, Elmore Leonard, and others. And finally, all this talk of books about music reminds me of Chuck Klosterman. I may have mentioned a few weeks ago that I was reading Klosterman’s first book, Fargo Rock City, a terribly clever book that seeks to make a case for heavy metal in the annals of music history. The book started strong, and I found myself laughing out loud once every couple of pages; however, by the end, Klosterman’s personality, which is as much on display as the subjects about which he writes and which is an odd mix of self-effacement and shameless arrogance, began to grate on me. To make things worse, right after I finished the book, I read a couple of horrendous reviews of his new book which brought into even clearer focus what had bugged me so much about Klosterman. Nonetheless, the ranks of readers devoted to Klosterman’s absurd and witty social commentary seems to be growing, because his new book, Sex, Drugs, and Cocoa Puffs: A Low Culture Manifesto seems to be selling at an ever quickening clip. Stayed tuned for the next installment… Paperbacks!
While most kids were playing with G.I. Joes or Barbies, we at The Millions were more likely to have our nose in a book. Finally, there are molded plastic figurines for us too, though its not clear whether they are fully posable or offer kung-fu grip action. We’ll take what we can get. Who among us wouldn’t enjoy staging our own literary roundtables with the likes of Jane Austen, Oscar Wilde, and Charles Dickens? Those who prefer their literary action heroes to be more macrocephalic, might prefer the Edgar Allen Poe bobblehead (pictured here).For those with less of a literary bias, there are actually quite a few of these “historical figures” on offer, from Marie Antoinette to Harry Houdini to Carl Jung.
The Village Voice has a profile of a Web site called Silence of the City, where stories rejected from the The New Yorker’s Talk of the Town section are posted by Mac Montandon, whose own work has been rejected by the section more than once. There’s only seven pieces posted right now, but its a fun idea. Among them is an article by Lisa Selin Davis (whose novel Belly I read a while back). Of another NYer reject, M.M. De Voe, the Voice writes that she “finds the experience of submitting her stories to The New Yorker oddly exhilarating in itself. Perhaps it’s like that feeling you get when you buy a lottery ticket.” I wonder if how many notable folks have been rejected by the NYer. I’d guess quite a few.(via)
One of the good things about working at my bookstore is that I can peruse any magazine I want without having to pay for it. Today’s unlikely canditate was Vogue which I was skimming looking for anything by my favorite food writer Jeffrey Steingarten. No dice. Instead I came across an article about NPR’s Anne Garrels who NPR listeners will recall from her gut wrenching reports from Bagdhad during the war. According to the writer of the article Farrar, Straus & Giroux will be releasing Garrel’s book about the war, Naked in Baghdad, this September. Something to look forward to. In other news, I’m about to get my phone number put on the new nationwide do not call list because there are few things that I dislike more than telemarketers. Have a good weekend…
As we adjust to new economic realities, Michael Lewis is emerging as the financial meltdown’s most important voice. His Portfolio piece “The End” told us how we got here but it also illuminated his own failure, in the 1980s, to get the point across with his book Liar’s Poker. Meant to be a cautionary tale, it became instead an inspiration.But Lewis appears unwilling to let “The End” be his final, confessional comment on the matter. This weekend, as a new year and new administration are gearing up, Lewis has delivered another far more aggressive piece, this time in the New York Times (Part 1, Part 2). In it, he calls out, more strenuously than before, the fraud, incompetence, and willful ignorance behind the financial crisis and makes it clear that this fall’s efforts to resolve it were flawed at best. He also makes several direct, clear-eyed proposals to set things back on the right course. One hopes Obama is watching. One also notices that Lewis, in these pieces, is no longer acting as a journalist or even a columnist. He has thrust himself into the center of this issue, as if looking to finish what he tried to accomplish more than 20 years ago.But Lewis has grown up too. Liar’s Poker didn’t wake up the world to Wall Street’s ills because its tone was too glib and too incredulous. We were meant to marvel at the goings on at Solomon Brothers just as the young Lewis had. That tone is gone now, and Lewis has returned to the task with a fierce seriousness. Whether or not you agree with everything that Lewis is writing in these pieces, his tone, backed up by his more than 30 years of writing about Wall Street, will give even the most optimistic observers pause.Interestingly, Lewis’ co-author for the two New York Times pieces is David Einhorn, a hedge fund manager who doesn’t exactly have a pristine reputation. Einhorn heads up Greenlight Capital, which racked up average annualized returns of 25.5% from May 1996 through mid-2008, according to New York Times, though his funds, like many on Wall Street, have struggled since. He’s also a serious poker player. In 2006, he placed 18th in the World Series of Poker’s main event, winning more than $650 thousand that he donated to charity.Einhorn made headlines this year for his very vocal bearish stance on now defunct investment bank Lehman Brothers. Einhorn eventually went public with discrepancies that he and his analysts had found in Lehman’s numbers. Believed to be short (i.e. placing bets that the stock would go down) Lehman and other financial names, Einhorn was excoriated in a war of words on Wall Street as regulators targeted short selling among financial stocks. Lewis and Einhorn make it clear where they stand on that issue, calling short sellers, “the only market players who have a financial incentive to expose fraud and abuse.”After much confusion as the crisis played out in 2008, it may be that we are seeing whistle-blowers like Lewis and Einhorn emerge from the mess to take control of the discussion. In time we will see if they have the ear anyone in power.
I was poking around Amazon today and I came across a listing for a new book by Pete Dexter called Paper Trails: True Stories of Confusion, Mindless Violence, and Forbidden Desires, a Surprising Number of Which Are Not About Marriage. I’m a fan of Dexter’s (see my review of Train, my review of Brotherly Love, and my review of Paris Trout), so I’m excited to see he’s got a new book, but what has me especially thrilled is that, if the subtitle is to be believed, the book is non-fiction. I had the chance to attend one of Dexter’s signings once, and he rattled off story after story, many of them from his days as an old newspaper guy in Philadelphia; it was definitely one of the most entertaining readings I’ve ever been to. This new book is being put out by Ecco. If anyone knows anything else about the book (or can get me a copy), let me know.