I caught a few minutes of Fresh Air on NPR while I was out running a quick errand today. Terri Gross was interviewing David Denby, the New Yorker film critic who has a new book out. The book is called American Sucker and it is a memoir of the boom years. In 2000 Denby and his wife split, and he decided that he wanted to keep the Upper West Side apartment that had been their home for many years. In order to do this, Denby hatched a plan to buy out his wife’s share of the apartment. Lacking the funds to make the apartment his and cast adrift by the collapse of his marriage, Denby threw himself wholeheartedly into the mania of the stock market boom with the hopes that he, like so many others seemed to be doing, could hit it big. It would be the solution to all of his problems. A sort of addiction to his quest set in and American Sucker was the result. Today, Terri Gross, in her way, was trying to get him to relate his experience to some classic gambling films, Denby being a film critic and all. Denby, however, begged off and mentioned two interesting books that he feels are most analogous to the way he felt during his ordeal. Dostoevsky’s The Gambler and a somewhat forgotten Victorian classic by Anthony Trollope, The Way We Live Now, to Denby’s mind, best portray a sense of monetary desperation in the midst of a boom. I’m hoping that over the next few years there will be more books that look at the boom of the late nineties through a literary lens. It was a strange and fascinating time. Denby’s colleague at the New Yorker, James Surowiecki has penned a less personal book about business and money called The Wisdom of Crowds which is slated to come out at the end of May. A quick look reveals that Surowiecki has put together a readable tome meant to illustrate a principle that many economists hold dear: the idea that decisions can be made, problems can be solved, and the future can be predicted by the market. Imagine the Nasdaq but replace companies with possible outcomes. At the end of the day the outcome that is trading at the highest level is probably the correct answer to whatever problem was trying to be solved. Using markets you can, as Surowiecki terms it, unlock the “wisdom of crowds.” Last summer there was much public outcry when it was announced that one of our government agencies was considering setting a market that was meant to predict future terrorist attacks. The idea of people profiting off of this sort of speculation was abhorrent to many people and the plans were shelved, but, in The Wisdom of Crowds, Surowiecki will likely argue that the plan would have worked.
Books of the Boom
The n+1 Spillover
If you haven’t seen the action in the comments of Garth’s reply to n+1’s column on litblogs, it’s worth a look, as the discussion has, shall we say, flowed onward. Mark, meanwhile, has begun posting “an irregular featurette” called “The n+1 Letters” in which he revisits the correspondence he has had with the magazine in question. Here at The Millions we tend to take a more dispassionate view the literary scuffles that crop up from time to time, but being in the middle of this one hasn’t been entirely unpleasant. It’s entertaining at the very least.Update: Scott has expressed his queasiness with the tack Mark is taking, and I’ll admit to sharing that discomfort. (I would not republish private correspondence without permission.) Also, n+1 editor Keith Gessen has now left a comment at the original post.
World Traveling
As some of you may know, my very good friend Cem has been travelling through some remote parts of the world. The other day, in a very long email, he asked me whether or not I thought he should stay in northern Thailand or keep on moving toward the Middle East which is, ostensibly, his final destination… here is my advice (plus a little plug for the record label, which he had asked about): Sorry I haven’t gotten back to you sooner, your email took me 4 days to read. Seriously though, what I wouldn’t give to be in your place with your dilemma… should I go to this frighteningly exotic place or this other one? My jealousy aside, I’m not sure I can make this decision for you, but I might be able to give you a little insight. First, you have to decide, irrespective of the girl or whatever gig you have set up in Thailand, whether this adventure is all about getting to the destination (i.e. Cairo and the Middle East) or allowing yourself to be follow the whims of the world and just be wherever you end up… like Maqroll. I think both are perfectly admirable plans, but you have to pick one or the other. Secondly, I don’t know how tuned in you are to world events right now given your isolation, but American soldiers are dying every couple of days in Iraq, and the situation seems, to me anyway, to still be very much up in the air, with a guerilla war still a possibility, however remote. I’m sure that Cairo and Istanbul and Amman are all plenty safe, but I guess you should figure out if you prefer to be in the Middle East soon (while there is still uncertainty) or later when things have calmed down. So there you have it… no easy answers just more dilemmas. I love what you’re doing, and if and when you get settled somewhere, I am coming to visit. In other news, the website for my record label is www.realisticrecords.net so tell all your indie friends to check it out. There are mp3s up and pictures of the recoys reunion show/record release party. You can also buy the album there (It’s called Recoys Rekoys) and it’s a vinyl only run of 1000. Since that is almost sold out though, we’ll probably get a cd together soon enough.Now if there are any world travellers out there who are aspiring to do the sort of thing that my friend Cem is doing, I suggest you pick up The World’s Most Dangerous Places by Robert Young Pelton. It’s a very informative and wildly entertain look at some of the more hazardous corners of the planet. As if to underline his fealty for sticky situations, Pelton himself was kidnapped by leftist rebels in Columbia earlier this year. He was later released.
New Yorker University
If my college had offered a class on the New Yorker, I definitely would have taken it, but it didn’t, and, until today, I wasn’t aware that any colleges did. What a great idea for a class. Last fall, Prof. Bryant Mangum of Virginia Commonwealth University taught a class called Literature in Society: The New Yorker. Each class is constructed like an issue of the magazine with the assignments divided into these parts: Goings on About Town, The Talk of the Town, Features: Fact/Fiction, The Critics, Poems. Aside from the magazine itself, required reading includes classic New Yorker fiction. Perhaps coolest of all is Mangum’s Miscellany page which includes scans of a New Yorker rejection slip, note and check.
A Traveler’s Return
As I write this my old friend Cem is nearing home after almost nine months of traveling the world. Here’s a little note he sent me about Maqroll.i dont think ive told you. i never finished the book. i have been slowly savoringthe entirety Maqroll throughout the whole of this trip. i have managed to spreadthe 700 pages out, making the book my only constant through the time zones. thiswas partly an attempt to reflect the character himself, his love for that deadfrench scribbler whose name i cannot pronounce or remember, his careful rereadingof the text. another element of my devoted fanaticism is the habit i have developed of scratchingor writing certain quotes from the book certain places ive been. most of thesequotes have been the memorable bathroom wall etchings from ‘the snow of theadmiral’, and indeed some of these quotes have been etched onto the walls of filthybathrooms. under mattresses in the most tranquil places in southern thailand. i have been trying to put them in places where travelers and english/spanishspeakers might find them, but this has been somewhat difficult at times (easternmyanmar). im sure some people have seen them already. i did not limit thequotations with actual quote marks. after all of my bags have been unpacked, i will read the last 5 pages. then thetrip is over. Welcome back Cem!
Keegan, Library, and Amber
Yesterday I mentioned John Keegan’s latest book, The Iraq War. The book is meant to be an overview of the conflict, yet in the eyes of most people the Iraq War is still brewing. Yes, large scale military operations have long been over with, but, with breaking news coming from the region daily, one suspects that the history books, looking back, will not describe this conflict as being finished. As such, it is difficult to look at Keegan’s book as a definitive overview of this war. This is Janet Maslin’s take in today’s New York Times (she also thinks that Keegan’s angle is too Western and “snobbish.”) My suspicion is that this book was rushed to completion and into book stores by the publisher in order to get in on the brisk sales of Iraq-related titles. Undoubtedly, a little temporal distance from the subject matter would have improved Keegan’s effort.Lovers of architecture and books alike are raving about Seattle’s new Central Library, a graceful steel and glass structure designed by the Dutch architect, Rem Koolhaas. Here’s praise from the Seattle Times, and here’s the official website with pictures. One of the more interesting aspects of the new library: the stacks are laid out on continuous, unbroken shelves that spiral through the center of the building.A few months ago there was an interesting article in the New Yorker about one of the world’s lost treasures, the Amber Room, “an entire chamber paneled and ornamented in amber presented to Peter the Great of Russia in 1717 by King Frederick William of Prussia as a gift to seal the friendship between their two states.” The New Yorker article described the search for the room, thought to have been hidden in Germany by the Nazis during World War II, as well as the construction of a costly replica of the room that was being built in Russia. As with much that occurred behind the Iron Curtain, there was much doubt about the true fate of the Amber Room. Now, in a book entitled The Amber Room: The Fate of the World’s Greatest Lost Treasure by Adrian Levy and Catherine Scott-Clark, new evidence is revealed that solves the mystery once and for all. Read an edited extract from the book.