“America has always been able to countenance beggars, short-con men, and nine-to-fivers who just can’t get ahead, but we’ve never known what to do with the type of person who could have been really big but chose not to make the concessions required.” The Believer takes a look at the paradox of Nelson Algren.
There’ll soon be a new literary website (and publisher!) in town. C0-created by the founders of Electric Literature and Black Balloon Publishing, and featuring Butter writer Mensah Demary as Associate Web Editor, Catapult will publish ebooks and print books, in addition to offering writing classes and publishing shorter pieces on its site. Get your stories and essays ready -- they’re now accepting submissions.
William T. Vollmann has a new book out, Riding Toward Everywhere about riding freight trains. In what must be a first for Vollmann, the Washington Post describes the book as a "modest little volume."The New Yorker held a contest to reinterpret Eustace Tilley, its "iconic dandy." The entries are posted on Flickr.The anxiety brought on by selling books to the used bookstore.The Atlantic website goes free. Everything back to 1995 is available.n+1 interviews a hedge fund manager. It's surprisingly fascinating (if you skim the technical stuff).Also in the world of big money, a record was broken on Monday. As global markets plummeted, French bank Societe Generale was selling frantically. The bank had just discovered that an employee had fraudulently lost $7.2 billion, believed to be the most ever by a "rogue trader."
David Carr takes a look at The Atavist, whose team of multimedia gurus has won the attention (and seed funding) of Google founder Eric Schmidt. Of course, the outfit’s also been receiving generous attention for their quality work, too. (I mentioned them a few months ago.) More recently, however, certain scientific circles have fawned over the subject of their story The Electric Mind, which tracks one paralyzed woman and the scientists who developed the BrainGate technology which eventually got her moving... robotically.