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
Recommending books for kids
The Guardian has a story in which some notable writers suggest what they think kids should be reading. While I don’t agree with British poet Laureate Andrew Motion who proffers Don Quixote, Ulysses and The Wasteland, I love that lots of more appropriate classics are suggested. I’ve long thought that young readers, perhaps having read all the Harry Potters and Lemony Snickets, should be pointed in the direction of classic books which often do not reside in “young adult” sections and thus are not always offered to young readers. Robinson Crusoe (suggested by JK Rowling), The Rime of the Ancient Mariner (suggested by Philip Pullman) and Great Expectations (suggested by Motion) are all great suggestions. Nick Hornby, meanwhile, declined to make any suggestions saying:I used to teach in a comprehensive school, and I know from experience that many children are not capable of reading the books that I wanted them to read. If I choose 10 books that I think would be possible for all, it wouldn’t actually be a list that I would want to endorse. I think any kind of prescription of this kind is extremely problematic.
Demon Theory Week at the LBC
Over at the LBC, this week’s topic of discussion is Stephen Graham Jones’ post-modern horror novel Demon Theory. It’s a must read for anyone who likes footnotes with their hockey masks and chainsaws.
A Note on Literary Nonfiction
Though I’m a little late in getting around to it, I wanted note Scott’s recent essay on literary nonfiction at Conversational Reading. Inspired by the recent discussion of Ryszard Kapuscinski following his death, Scott highlights three notable practitioners of the form: Lawrence Weschler, Jonathan Raban, and Geoff Dyer. I am a huge fan of literary non-fiction (or long-form journalism), so I enjoyed Scott’s in depth look at these three writers.Those who are interested in this form and who are looking to fill out a “to be read” pile with some literary non-fiction should take a look at couple of fairly comprehensive booklists that have been posted here in the past. The first is a list inspired by Robert Boynton’s The New New Journalism a collection of interviews of some of the top names in literary non-fiction. Ours is a companion reading list of the books by the writers featured in Boynton’s book. We also have a reading list from a class at NYU taught by Lawrence Weschler. Millions contributor Garth took the class a couple of years ago and jotted down titles and names that the class delved into or just touched upon. It’s a terrific resource.
A Digression in Praise of Digressions; Or, Reflections from Damaged Life
Unwholesomely, my “office” is the campus studio apartment where I also eat and sleep, and there are more days than I’d like when I don’t leave it at all. Today was such a day – and for all my self-cloistering, it was a day of little progress on my wretched heap of dissertation. And this reminds me of a passage from Jonathan Swift’s Tale of a Tub:Whatever Reader desires to have a thorow Comprehension of an Author’s Thoughts, cannot take a better Method, than by putting himself into the Circumstances and Postures of Life, that the Writer was in, upon every important Passage as it flow’d from his Pen; For this will introduce a Parity and strict Correspondence of Idea’s between the Reader and the Author. Now, to assist the diligent Reader in so delicate an Affair, as far as brevity will permit, I have recollected, that the shrewdest Pieces of this Treatise, were conceived in Bed, in a Garret: At other times (for a Reason best known to my self) I thought fit to sharpen my Invention with Hunger; and in general, the whole Work was begun, continued, and ended, under a long Course of Physick, and a great want of Money.I offer this miscellany of shards from my lost day:Coyahoga: Not just a nonsense word made up by R.E.M. (Buckeyes are laughing at me): it is the Iroquois name of a winding Ohio river that feeds into Lake Erie and had a nasty habit of catching on fire in the first half of the twentieth century (a fact that seems to have been a spur to the environmentalist movement).The iTunes Essentials 1989: Neneh Cherry’s “Buffalo Stance”. White Lion’s “When the Children Cry”. Oh, and more (Martika – Roxette – Phil Collins). Quite the walk down memory lane for those who remember the San Francisco Earthquake interrupting the World Series at Candlestick Park, the Exxon Valdez oil spill, and the Berlin Wall coming down.Hillsborough disaster: Another from 1989, but across the pond: 96 Liverpool fans were crushed to death at Hillsborough stadium during an FA cup match between Liverpool and Nottingham Forest. Investigations of the incident have never fully explained how the crush happened. I’ve been watching the British crime drama “Cracker”, starring Robbie Coltrain (the actor who plays Hagrid in the Harry Potter movies) and Christopher Eccleston, and one of its episodes was almost impossible to follow without background on Hillsborough.The death of Orpheus: Considered by the ancients the first among poets and musicians, Orpheus was said to charm beasts and fish with his song, and even to make rocks and trees dance. With his music he could restore Edenic harmony to the natural world, and through the Renaissance he was a sort culture hero – a benevolent, civilizing influence – a mythic bringer of tranquility and joy. After the death of his wife Eurydice, Orpheus took a vow of chastity. The Maenads, a group of women votaries of Bacchus, saw Orpheus and, taken with his beauty, wanted him to join in their Bacchanalian orgies. Orpheus refused and they tore him limb from limb. His head washed up on the shores of Lesbos, and so the people of that island were said to be endowed with the gift of song. (There’s a great John William Waterhouse painting of two nymphs finding Orpheus’ head.) Swift refers to this death by dismemberment in The Tale, and Milton, in “Lycidas“, describes Orpheus as he,Whom Universal nature did lament, [ 60 ]When by the rout that made the hideous roar,His goary visage down the stream was sent,Down the swift Hebrus to the Lesbian shore.Such are the disastrous fragments of my day.