A pair of Edward P. Jones items that are getting mentioned everywhere but deserve a link from me too:
Not wanting to be left out of the fun and controversy generated by the New York Times list of the top books of the last 25 years, the Guardian has rounded up 150 celebrity judges of its own (120 agreed to particpate), like Monica Ali, Rick Moody, and Jonathan Safran Foer, to vote for the best British, Irish or Commonwealth novel from 1980 to 2005. “How they defined ‘best’ was up to them” is the caveat the Guardian gives us.After the votes were tallied, they bestowed the honor on Booker winner Disgrace by Nobel Laureate J.M Coetzee. Money by Martin Amis was runner up, while Earthly Powers by Anthony Burgess, Atonement by Ian McEwan, The Blue Flower by Penelope Fitzgerald, The Unconsoled by Kazuo Ishiguro, and Midnight’s Children by Salman Rushdie all shared third place. Will this list generate as much fevered dicussion as the Times list? I wouldn’t be surprised if it did.
The Paris Review, long recognizable for its fat, little, bookish profile, has been redesigned under the watch of new editor Philip Gourevitch. Also gone is the practice of emblazoning the cover with an abstruse piece of art (as opposed to, say, the New Yorker) and nothing else. “Maybe no one thought it before Mr. Plimpton died, but the venerable old magazine did need an update.” says Bud, who’s got a full accounting of the venerable literary magazine’s new look (and contents).
Amazon has locked down a rare piece of Harry Potter ephemera far a tidy sum.We’re incredibly excited to announce that Amazon has purchased J.K. Rowling’s The Tales of Beedle the Bard at an auction held by Sotheby’s in London. The book of five wizarding fairy tales, referenced in the last book of the Harry Potter series, Harry Potter and the Deathly Hallows, is one of only seven handmade copies in existence. The purchase price was £1,950,000 [$3.93 million], and Ms. Rowling is donating the proceeds to The Children’s Voice campaign, a charity she co-founded to help improve the lives of institutionalized children across Europe.The Tales of Beedle the Bard is extensively illustrated and handwritten by the bard herself–all 157 pages of it. It’s bound in brown Moroccan leather and embellished with five hand-chased hallmarked sterling silver ornaments and mounted moonstones.Since this is a particularly difficult volume to get one’s hands on, and since there are likely many curious Potter fans out there, Amazon has offered up a special review of the book, along with images from its pages. (Thanks, Laurie)Update: Yes, it turns out this happened in December. So: old news, but new to me, and perhaps to you too.
Three and a half years ago in some brief comments on Michael Lewis’ seminal memoir of Wall Street in the 1980s, Liar’s Poker, I noted,While the period that Lewis chronicles is interesting in its own right, its impact is somewhat diminished by the many corporate scandals and Wall Street improprieties that have occurred since the book was first published. Against this backdrop, Liar’s Poker is no longer an exceptional story that defined an era, it is merely another moment in the cycle of Wall Street corruption and ensuing retribution that continues today.In a remarkable piece for Portfolio magazine this week, Lewis revisits Liar’s Poker amid the wreckage of Wall Street and readily admits that the book now seems “quaint,” tragically so:I thought I was writing a period piece about the 1980s in America. Not for a moment did I suspect that the financial 1980s would last two full decades longer or that the difference in degree between Wall Street and ordinary life would swell into a difference in kind. I expected readers of the future to be outraged that back in 1986, the C.E.O. of Salomon Brothers, John Gutfreund, was paid $3.1 million; I expected them to gape in horror when I reported that one of our traders, Howie Rubin, had moved to Merrill Lynch, where he lost $250 million; I assumed they’d be shocked to learn that a Wall Street C.E.O. had only the vaguest idea of the risks his traders were running. What I didn’t expect was that any future reader would look on my experience and say, “How quaint.”And:In the two decades since then, I had been waiting for the end of Wall Street. The outrageous bonuses, the slender returns to shareholders, the never-ending scandals, the bursting of the internet bubble, the crisis following the collapse of Long-Term Capital Management: Over and over again, the big Wall Street investment banks would be, in some narrow way, discredited. Yet they just kept on growing, along with the sums of money that they doled out to 26-year-olds to perform tasks of no obvious social utility. The rebellion by American youth against the money culture never happened. Why bother to overturn your parents’ world when you can buy it, slice it up into tranches, and sell off the pieces?In the long piece, Lewis posits, convincingly, that the obit for Wall Street that he wrote more than twenty years prematurely is finally relevant, though rendered absurd by the cataclysmic collapse.The essay is a must read. In it he profiles a few who will, when the dust eventually settles, be known as – not the heroes; there are no heroes – the ones who saw it coming. And at the end he sits down with the legendary Gutfreund, whose career Liar’s Poker ruined, for the first time since Lewis left Solomon Brothers back in the 1980s.Kottke also highlighted the Lewis article today and he points out that this essay is likely material (along with several others Kottke points to) for a forthcoming book that Lewis intends to write about the death of Wall Street as we knew it. There’s little doubt that this new book will be the obit that Liar’s Poker was meant to be.