No wonder Odysseus had so much trouble finding his way home. It turns out that there is some dispute as to the actual historical location of Ithaca, where Penelope waited for her hero husband to return. As noted in a recent article in The Economist, in The Odyssey, “Homer’s Ithaca ‘lies low,’ but its modern namesake is hilly. And though Odysseus’s island is ‘farthest to sea towards dusk,’ today’s Ithaca is close to the mainland in the east.” This disparity hasn’t gone unnoticed by historians and geographers over the years, but now, for the first time, investigations may provide clues as to the true location of Homer’s Ithaca, as geologists using a subterranean scan determine if Kefalonia, to the west of present-day Ithaca, was once actually two islands, the westernmost of which would fit Homer’s description. Locals are taking sides as Odysseus’ home brings with it a lucrative tourist trade.
Fresh off of shilling the latest feel good tome from Mitch Albom in its thousands of locations, Starbucks has taken a more serious turn with its follow up selection. Soon to appear at the many Starbucks undoubtedly near you is a memoir by a former child soldier from Sierra Leone, A Long Way Gone by Ishmael Beah. According to the AP’s Hillel Italie, Starbucks sold nearly 100,000 copies of Albom’s book, meaning that this selection represents a huge windfall for both Beah and his publisher FSG.Interestingly, the book’s selection continues a mini-trend in the popularity of books about or based on the tragic lives of child soldiers in Africa, including Beasts of No Nation by Uzodinma Iweala and What is the What by Dave Eggers (reviewed recently by Garth). Starbucks is also, of course, part of the larger trend, several years old now, whereby entities outside of the book industry bestow bestseller status upon a book, and publishers and authors all wrangle to, in effect, win the lottery. At least in this case the lottery is being won by an unknown rather than an overexposed bestselling author like Albom. Meanwhile, the ultimate king-maker, Oprah, will later this month be making her first new book club selection in more than a year.
I’m a map person. There are random maps all over the walls of my house, mostly freebies that my coworkers at the book store, knowing my interest, have passed along to me. Looking around right now I can see a “Rail Map of Europe,” “World Terrorism: a Reference Map,” and this odd, black and white, line drawing map of Illinois, among several others. When I live somewhere with enough room, I intend to have several atlases. Thus, I was excited to find today a book called You Are Here by Katharine Harmon. It’s sort of a popular history of maps with heavy focus on amateur maps, folk art maps, and maps that are related to popular culture. She is especially interested in what maps can tell us about the way we see the world. I’m looking forward to getting this one.
Most of us litbloggers just blather on about books and publishing industry gossip, but Dan Wickett is a man on a mission. Part of his mission is to get people to read the literary magazines that are so important to literary fiction culture yet are so little read. In an attempt to rectify this situation, Wickett has approached a number of these magazines to put together a discounted subscription offer for anyone who subscribes to at least three. For all the details, visit his blog.
Michael Chabon’s official Web site doesn’t get much attention from the author. He’ll post longer items from time to time as well as the occasional cryptic note about the various projects he’s working on. Chabon has now, however, decided to pack it in with this Web site business:Lately I have been suffering from Repetitive Strain Injury that makes typing a chore and clicking an agony. As I have been spending less time online I have found that I’ve lost interest in the web as a whole, and in my site in particular. I’m tired of having to maintain www.michaelchabon.com, but I hate that it gets stale, and so quickly. Yet I don’t feel comfortable with or have any interest in getting somebody else to do it for me. So I’ve decided, not without regret, to take it down, a little at a time, starting with the posting of my monthly Details column.On the other hand, Chabon’s new novel The Yiddish Policemen’s Union will be arriving in May.
You’ve got to hand it to Oprah. After a public snub from Jonathan Franzen, an abrupt switch to focusing on classic books, and a return to the contemporary with a confessional memoir that turns out to plagiarized – resulting in the very public humiliation of its author on her show – one would think that Oprah would have run out of opportunities to grab big headlines with her book club. And yet, by selecting Cormac McCarthy’s The Road and convincing the famously reclusive author to appear on her show, she has done it yet again.I had a couple of thoughts about this pick. In the early days of the club, Oprah selected quite a few emotionally challenging books, often with female protagonists in some sort of peril. With her selection of Franzen’s The Corrections, however, the club broke out of its shell and then traversed the various ups and downs noted above. Still, it is fascinating to me that this unabashedly mass market phenomenon, the TV show book club, would pick a book that is by all accounts harrowing and devastatingly serious and not an easy read in any sense. It’s not the first time Oprah has selected a formally “difficult” book. Recall the “Summer of Faulkner.” Still, to take a book that is all of the above and also contemporary seems rather incredible. It will also be interesting, if The Road goes on to win a Pulitizer or National Book Award, to have had Oprah “anoint” a book before our more formal institutions have.Secondly, I couldn’t help but think about poor Franzen as I read the news that McCarthy would appear on Oprah’s show. Franzen, of course, famously feuded with Oprah after she selected his book and he was publicly ambivalent about being an “Oprah author.” This led to plenty of comments like this one from an independent bookstore owner at the time of the controversy, saying that she felt “that good literature cannot be an Oprah selection.” With McCarthy appearing on the show for his “first television interview ever,” it’s hard to make that argument any more. We’re talking about a legitimate Nobel Prize candidate here (and somehow this is different from Nobel laureate Gabriel Garcia Marquez’s classic One Hundred Years of Solitude being selected a while back). And poor Franzen, taking a public stand for his art and facing plenty of ridicule at the time, has had his legs cut out from under him by a literary giant – a famously reclusive one at that – eschewing the hand-wringing and taking the Oprah honor in stride.Update: It’s been pointed out to me that The Road missed its chance to win the National Book Award – it went to The Echo Maker, as you’ll recall. The Road is still in the running for the Pulitzer, but as it is far from the typical Pulitzer candidate, I’d guess its chances there are slim. So McCarthy will have to be satisfied with the unlikely duo of an Oprah Pick and a TMN Tournament of Books win (which the book appears likely to snag).
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