As an urban dog owner I greatly enjoyed Jonathan Safran Foer’s article in the New York Times about the trials and tribulations of having a dog in a city. This op-ed piece is an argument against a plan to eliminate “off leash” hours in city parks. As someone who has many times appreciated the ability to let his dog “off leash” in parks in cities like Los Angeles, Chicago, and Philadelphia, I agree with Foer. I also enjoyed his musings on what it means for us (as in humanity) to have this desire to bring animals into unfriendly environs like cities. Kudos, as well, to Foer for letting his guard down in this piece in a way that many other writers might not have. (via Gwenda)
My neighbor and friend Jacob Lambert wrote a powerful piece for Philadelphia Weekly recently about his brother David, who has been diagnosed with acute bipolar disorder:I was at home in Bella Vista when he called. Last I’d heard he’d “eloped” from the hospital and was wandering his old East Village haunts. This was nothing new; many times over the years, his ward status had been upgraded, giving him a bit of freedom – and he’d simply walk off, winding up in Manhattan, then Bellevue, then back at the hospital he’d started from.Today, though, he wasn’t calling from a pay phone on Bleecker Street. He was on a cell phone at Seventh and Pine, saying he was browsing apartments, was owed $100,000 and would be buying me a new Mercedes. He sounded as bad as ever, and the call ended when he set down the phone to talk to a stranger.Incidentally, Jacob also runs the hilarious Philly Turkey, a must read for Philly natives.
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.
I myself prefer only to read books that have been described as “unputdownable,” but Joe Queenan has his own preferred adjective which appears to be serving him well:Several years ago, overwhelmed by the flood of material unleashed annually by the publishing industry, I decided to establish a screening program by purchasing only books that at least one reviewer had described as “astonishing.”Previously, I had limited my purchases to merchandise deemed “luminous” or “incandescent,” but this meant I ended up with an awful lot of novels about bees, Provence or Vermeer.
Japanese writer Haruki Murakami has a reflective piece on becoming a novelist and his love of running, presumably adapted from his forthcoming memoir What I Talk About When I Talk About Running, in the current Summer Fiction issue of The New Yorker. The piece isn’t available online, but in it he mentions his first two novels, Hear the Wind Sing and Pinball, 1973. As Ben explained a year ago, both are out of print in the U.S. and both have essentially been disowned by Murakami, who views them as something like juvenalia. However, the curious can check out our post that links to a pdf version of Pinball, 1973, along with some commentary from Ben.
Ed Champion has a nemesis, Time magazine book reviewer Lev Grossman, as we discover in Grossman’s latest column. Though somewhat tongue in cheek, Grossman is basically asking bloggers to use their power for good. All in all, it’s far more civilized than Steve Almond’s pathetic attempted takedown of Mark Sarvas in Salon from a year ago, which read like a laundry list of Almond’s insecurities. Grossman’s essay and Ed’s response make it clear that Grossman is an altogether more pleasant person than Almond and that the relationship between book bloggers and the literati has matured. As Ed notes in his brief response to Grossman, he (and other book bloggers) are regularly paid to pen book reviews in major newspapers. The lines are blurring. Oh, and I’ve met Ed. He’s not that scary.