Perhaps you’ve seen it on the news. A historic and potentially catastrophic storm, Hurricane Katrina, is about 24 hours from plowing into New Orleans. If there ever was a “big one,” this is it. Sustained winds are at 175 mph, and some experts think it may maintain this strength all the way to landfall. Despite the fact that New Orleans lies below sea level and needs levies and pumps to keep out the water, Mayor C. Ray Nagin has only just now ordered a mandatory evacuation. Many experts think it’s already too late. If you want to keep an eye on this storm here are some links. Blogs: Dr. Jeff Masters, Steve Gregory, Eye of the Storm, Brendan Loy, Fresh Bilge. Links to TV coverage on the web at Lost Remote. The National Hurricane Center. I may add more to this post as I find more links.
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...
Every so often in a reader's life, he stumbles upon two books that complement each other like red meat and red wine. Such a happy accident befell me last month, when I happened to read Michael Lewis' Liar's Poker hard on the heels of Thomas Frank's One Market Under God.The Frank book, an evisceration of the free-market discourse and management culture of the 90s, was a fine read on its own: funny, incisive, and angry. And yet, in its argumentation, it at first struck me as inferior to Frank's more recent What's the Matter With Kansas? Like Lewis Lapham, who published excerpts from both books in Harper's, Frank has a tendency to preach to the choir. This often doesn't bother me; I sit right in the middle of that choir. When Frank demonstrates the tension between a free market and economic democracy, I say "Amen." When he decries the commodification of the counterculture, I shout "Hallelujah."When Frank gets down to naming names, however, I get uneasy. One Market Under God does not hesitate to lay the sorry state of the world at the feet of specific, individual evildoers, and I, raised to try to see the best in people, prefer to blame systemic ills. And so I'm not sure if Frank's depiction of scheming, iniquitous fat cats is a workable belief or a bit of populist wishful thinking.Or I wasn't sure, until I picked up Liar's Poker. Here Michael Lewis, himself a former stockbroker, takes us inside Salomon Brothers, the investment bank where he worked in the rip-roaring 80s. Lewis establishes his centrist credentials early and often, and generally eschews editorializing. It is especially appalling, then, (if weirdly engrossing) to discover that Salomon Brothers is full of...scheming, iniquitous fat cats!Liar's Poker is like a nonfiction version of Oliver Stone's Wall Street (IMDb). The visionary salesmen and traders of Solomon Brothers screw the little guy at every turn, and we get to see every dirty detail. They rip off investors, lie to the public, devalue successful companies, inflate worthless ones, lay off employees, throw phones at underlings, grope secretaries, consume conspicuously, and generally turn themselves into caricatures of the worst kind of capitalist exploitation. The free-market they promote is, in fact, far from free.In an ideal marketplace, knowledge is symmetrical. The vulgar version: buyer and seller are in possession of the same set of facts, and prices reach equilibrium according to the law of supply and demand. This is why there are laws against rolling back odometers, and against making false claims in advertisements. But investment banks, as Lewis portrays them, rely on the market's inefficiency at distributing information - its tendency to allow those most heavily invested in a market to control the flow of knowledge within and about that market - to buy below fair-market value, and to sell well above it.Of course, we are assured, such excesses have since been curbed by regulation. (This is part of the 90s market populism analyzed in One Market Under God, wherein Wall Street is brought to heel by Main Street.) Insider trading laws are now stringent, we are told; firewalls have arisen between the trading floors where commodities are sold and the equity departments where they are underwritten. But Wall Street is still raking it in, while Main Street drifts and eddies on stagnant wages.Perhaps the current investment bank bonanza is merely the financial industry's reward for its own newfound virtuousness. Still, the next time you hear an I-banker lamenting the regulatory climate, or claiming that Sarbanes-Oxley is driving all the moneymen to London, ask him what kind of bonus he got last year, and whether he's still living in New York. Then tell him you've got a bridge you're looking to sell...See also: Max's review of Liar's Poker
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Confirming some rumors that have been floating around the Internet, Amazon unveiled a new design for its product pages today. This may not be of interest to many, but I am fascinated by the way Amazon evolves, adding features and slowly reinventing itself over time. Most striking about the new pages is the huge photo of the book cover that now gets prominent placement. This seems like a good thing for shoppers. When you're buying books over the Internet, it's hard to assess the more tangible aspects of a book, so the big photo seems like a good move. At first glance the pages are much longer as well with editorial reviews and then customer reviews stretching well down the page. The sidebar(s) are gone too, giving the pages a more spare look. I guess the idea here is that Amazon is pushing for the impulse buy... maybe trying to make readers more likely to buy the book without reading the reviews below. Here is a look at one of the new pages. Any thoughts?Update: Whoa, they've added other features, too. Check this out. You can see the "the 100 most frequently used words in this book," and see other stats like number of characters (444,858 in Gilead) and words (84,830), which amounts to 5,424 words per dollar... not a bad deal, I guess.Update 2: Now all this new stuff is gone. I wonder if the new features and look will come back or if Amazon was just performing some cruel experiment on us.
Anybody who read William Langewiesche's book The Outlaw Sea or is simply interested in the modern day high seas should take a look at Brendan Corr's photo essay from Foreign Policy magazine. It chronicles ship breaking in Bangladesh, the process by which the world's tankers and freighters, ready to be retired but unwanted by any developed nation, are dismantled by hand for scrap metal. It's remarkable and post-apocolyptic and when I heard it in Langewiesche's book (I listened to it on audio) I couldn't quite visualize it because it seemed so outlandish, but these pictures tell the story.
In the Indian newspaper Business Standard, Nilanjana S. Roy declares "There is always a point in the life of the avid reader when you have to make a choice between your books and your sanity." She is not saying that reading will drive you mad but that the multiplying volumes owned by many book lovers could.I love having books around, and Mrs. Millions and I certainly have a lot. I've found that our book collection is quite fluid, expanding to fill the vessel it occupies - the result being that in our large apartment in Chicago the shelves seemed to fill as soon as we put them up, with additional stacks spreading to any available surface like some sort of creeping mold. In our slightly smaller row house in Philadelphia, at least half of our collection has been relegated to the basement. But we like the books we own, and to keep it that way we go through the occasional purge. (See the post Options for Basement Booksellers for ways to conduct your own purges.)Getting back to Roy, her suggestions for keeping the towering book piles at bay are fairly creative: conduct regular "inspections" of your library; follow the "one in, one out" rule; spend more to buy less by sticking with hardbacks; use the library more. I'm sure that if, as I mused yesterday, digitizing personal book collections were feasible, she would suggest that as well. As it stands now, she says she's "beginning to follow the 'Google Books' rule; if a book is available online in sufficiently reasonable form, it will only be bought in book form if the edition is rare enough or beautiful enough to justify this." Not a bad idea, but I'd likely only follow that rule if the book was for reference rather than reading. And anyway, we're moving to a bigger place soon, so that means plenty more shelf space to fill.
Ms. Millions and myself are expecting a number of house guests for Thanksgiving, so there probably won't be much posting on the old blog for a few days. Luckily for you guys, though, I've brewed up a post chock-full of fascinating info for all of you. First off, Time Magazine columnist, Andrew Arnold put together a list of 25 best graphic novels of all time as part 2 of a series commemorating the 25th anniversary of the birth of the graphic novel, which, according to him (and many others), was the publication of Will Eisner's A Contract With God: And Other Testament Stories. I haven't read it but it's supposed to be incredible. At any rate, Arnold has put together a great list that includes a couple of my favorite books of all time. Here are the ones from the list that I have read.From Hell by Alan Moore was lent to me, forced on me really, by a friend of mine who is really into comic books. I was skeptical, but this one turned out to be pretty riveting. The art, especially, is magnificent: noirish fields of black create an ominous mood that permeates the story.Jimmy Corrigan: The Smartest Kid on Earth by Chris Ware: This is one that really transcends the genre. When I read this, it made me wonder why people aren't making graphic novels out of everything all the time. There are so many stories out there that can be made fascinating by the artists' pen. Everyone should read this book.Maus Vols. 1 & 2 by Art Spiegelman: It's hard to put into words how incredible these books are. If anyone requires proof that the graphic novel medium, when wielded expertly, can bring more to the table than the plain old written word, then these books provide it. Reading Maus is an emotional experience, and I think a lot of that emotion comes from reading a tragic story rendered in a format that seems so innocent. Everyone should read these two books, too.Understanding Comics by Scott McCloud: I've talked about this book before. There is something about comics, about the format of comics, that makes them enchanting and that makes them peculiarly well-suited for telling stories. I had always just accepted this as fact, but McCloud decided to find out why, and the result is a phenomenal book -- itself a comic -- that is both illuminating and entertaining. I should also thank Scott for pointing me in the direction of this list via his blog.More Mutis ManiaThis is good. This is really good. I open my email today to find this email from friend and fellow Alvaro Mutis & Maqroll the Gaviero obssesive, Brian:Man, oh, man, do I have some info for you! I was just casually glancing through a copy of Video Store magazine, when you wouldn't believe what movie I came across.... "Ilona Arrives with the Rain." Yep, apparently, it's a Columbian film from 1996 that's billed as "A dangerous romance full of international intrigue.... Based on the novel by award-winning Columbian author Alvaro Mutis." Not sure if its really any good, but am still very curious to see it. A DVD is being released by Facets, and Amazon has a release date of December 16. Here's the link: Ilona Arrives With the RainI'll definitely be checking that one out.MoreMy friend Edan, who loves cookbooks, wants everyone to know that Home Baking: The Artful Mix of Flour and Tradition Around the World is a great new book by globe-trotting husband and wife team Jeffrey Alford and Naomi Duguid. And since we're talking about cooking, here's a quote from the book I'm reading right now: "'Restaurants make lousy hobbies. You have to be obsessed and driven and completely out of your mind to own one.''But you had--''Two, yes. But Alice,' Pete said almost tenderly, 'I've been totally nuts my entire fucking life.'"
In August, Emre mentioned In Me Own Words: The Autobiography of Bigfoot by Graham Roumieu, a very funny book - written in Bigfoot's own voice and filled with illustrations that somehow straddle grotesque and amusing. Now Roumieu has brought Bigfoot back for another book, Me Write Book: It Bigfoot Memoir, so Bigfoot fans can get their long-awaited Bigfoot books. These are certainly my most favorite Sasquatch-themed books. For more, visit Roumieu's Web site.
In the Province of Saints, a first novel by the Irish writer - and Iowa Writers' Workshop grad - Thomas O'Malley is being compared to Angela's Ashes. The subject here is a down-on-its-luck family in an Ireland of the late 70s and early 80s that was still ravaged by sectarian violence. PW says "his sentences have a judicious clarity even as they twist into gnarled shapes; they carry O'Malley's characters though their incomprehension with poise and assurance." Here's one excerpt and another. The book comes out in late August.Xue Xinran was a radio show host in China before she moved to England. Her first book, The Good Women of China collected the stories she heard from women who called in to her radio show. Xinran's first novel, Sky Burial, is fictionalized from a story she heard in her more recent journalistic endeavors. It's about a couple split up by the conflict in Tibet in the 1950s. Scott recently pointed to this review in the SF Chronicle, and PW says, "Woven through with fascinating details of Tibetan culture and Buddhism, Xinran's story portrays a poignant, beautiful attempt at reconciliation." The book is out this week. Here's an excerpt.
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