- A nice rememberance of Hunter S. Thompson by his friend Paul Theroux in The Guardian.
- William T. Vollmann’s substantial look at Pol Pot: Anatomy of a Nightmare by Phillip Short in the NY Times.
- Deborah Solomon sits down for a long chat with Jonathan Safran Foer which reveals this: “he received a $500,000 advance for his first novel and a $1 million advance for his second, meaning that he is probably the highest-earning literary novelist under 30.”
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.
Brandon, who runs the blog antimodal, has created a little application that “handicaps” the great 20th century novels. It allows you to assign scores for different features, like “stream of consciousness,” and themes, like the “Black experience.” The scores enable you to promote or penalize a book based on these different characteristics. Note that you can add additional categories to the ones already listed by pressing the “Add New Category” button at the top of the page. In Brandon’s words, “The book list is still a work in progress. I am not familiar with many of the books there, so if you have information that would help classify a book, let me know.” Check it out.
If you love Calvin and Hobbes – and I know you do – this treasure trove of Calvin and Hobbes classics (yes, that’s all of them) will seem like manna from heaven. If you feel bad that some Internet cowboy has posted all of Bill Waterson’s creations online, then you can assuage your guilt by preordering The Complete Calvin and Hobbes, arriving just in time for holidays 2005 and brought to you by Andrews-McNeel, whose The Complete Far Side was the big ticket book gift of holidays 2003.via waxy.Related: Calvin and Hobbes returns, but not the way we wish it would.
Opening Day is almost upon us, and that means that this year’s baseball books are already upon us. My friend Derek was once a Baltimore Orioles fan like myself, but then the Nationals swept into Washington, DC, and stole his heart away. I consider him a traitor, of course, but in his defense, I’m told that watching the Nats play at RFK has become one of the joys of summertime in the Nation’s capitol. Being a big Nationals fan, Derek has been bugging me about one baseball book in particular. National Pastime is an account of the Nationals debut season by Washington Post baseball writer Bruce Svrluga (an excerpt is available). The season was exciting and worthy of a book not only because the Nationals were unexpectedly contenders last summer, but also because the team became a phenomenon in a city that had gone without baseball for decades. It’s the sort of baseball story that baseball fans love (Even so, I’m still an O’s fan.)Every once in a while, though, there’s a baseball book that draws interest beyond diehard fans. A couple of years ago it was Michael Lewis’ book Moneyball that turned baseball on its head. This year it’s the book Game of Shadows by San Francisco Chronicle reporters Mark Fainaru-Wada and Lance Williams, which presents, it seems to me, incontrovertible evidence that Barry Bonds’ monster performance of the last few years was, in fact, steroid-fueled as so many had suspected. Ever since Sports Illustrated ran an excerpt of the book a few weeks back, this has been the number one story in baseball. It seems likely to stay the number one story for a while, too. ESPN The Magazine recently ran an excerpt of another Bonds book, Love Me, Hate Me by Jeff Pearlman. That book will be out in May.Perhaps as important as baseball (and Bonds’ steroid troubles), though, is fantasy baseball. I’ll be tearing it up this year in a league put together by fellow blogger, Jeff. My team is the Ravenswood Ravens, a reference to both my neighborhood and Edgar Allan Poe. The team’s success will rely equally on my managerial prowess and on a breakout season by Wily Mo Pena. Fantasy baseball has clearly become a huge business in recent years and a summer long obsession for many sports fans. In Fantasyland, Wall Street Journal writer Sam Walker does what many of us fantasy baseball fans seem apt to do all summer, and that is chronicle the ups and downs of our fantasy team to anyone stuck listening to us. What sets Walker apart, though, is that he’s a sportswriter, a job which affords him real life contact with the players on his fantasy team. I don’t have access like that, so when I need fantasy tips I turn to the baseball geeks at Baseball Prospectus. Their annual Prospectus is indispensable, and this year also I managed to get my hands another new book of theirs, Baseball Between the Numbers, in which the BP folks use their formidable mastery of numbers to shatter more myths about the game.Update: Sam Walker is blogging this week at Powells.com.