“So much of the weight of consumer apparatus depends, of course, on the production of desire - on the capacity of companies to generate a sense of lack where previously none was felt. Beyond the more self-evident (and very timely) political critique offered by Brian’s pictures, this idea is central too. His photographs never outwardly seek too earnestly the sheen of something beautiful, but achieve it by a seeming accident or spontaneous sincerity that is always everywhere sensitive to the ethics of the image, and the function of desire in our lives.”
— from a lengthy feature on the decade long study of consumerism and its relations to American culture “Copia” by Brian Ulrich, recently released as the monograph Is This Place Great Or What by Aperture.
better than the giants game right now.
“Davos could use some children. There is a strange irony in all of this talk about how the future will be while none of it includes the people who will actually be the future. It is like binding the whole world to an arranged marriage that is rational but largely loveless, designed by parents who are simultaneously in control of and out of touch with the times. When you spend your life in private cars and boardrooms, it is hard to know what is happening outside in the street, and it is too dangerous for you to go and see for yourself, because the streets don’t have security except for the snipers and the weather can quickly turn nasty.
The youngest people you see are perched in shop windows, and they are not people but dolls, who are much more cooperative anyway, and don’t speak out so much. This is why it is good to go to the local high school, to be back among ordinary people and especially teens, who are trying so hard to discover who it is they are going to be. You know their explorations are honest and they don’t want much except to understand themselves, even though they don’t yet know that’s what they’re trying to do, which is what makes it beautiful.
They were there to hear Muhammad Yunis, who won the peace prize in 2006 for his work with Grameen Bank, and his major message was not to follow the rules just because they are rules, but only if they are good.
“Teachers say go to class, get good grades so you can get a good college, get a degree so you can get a good job, so you can work for a corporation, so you can make a lot of money for the person who owns the company. That’s it. Nothing else. Is that all life is for? I said no. It is not to make money. It is to help people,” he said to raucous applause.
This was a nice message, and he was smiling and laughing and saying very wise things, and everybody loved him. I always like to see how someone everyone loves behaves after he leaves the stage, and whether he is somebody else. The media asked him questions he didn’t want to answer, and he was not so smily then, but spoke in a low voice that was frustrated and curt. Outside in the snow he put on his hat and asked them to turn off the camera. He had a North Face jacket, and he looked like a regular guy.
At night there was the Google party, which is the party everyone wants to get into, but where they are very strict at the door, and only let you in if you are young and / or famous in that particular Googley way.
At the Google party the adults became kids, breathing from flavored oxygen tubes, ordering drinks from acrobatic bartenders, eating sushi served by waiters wearing wetsuits who were dripping water onto the floor, and rocking out on rainbow Twister dance floors to loudly lip-synched music. As it got later things got wilder, and people paired off into young and / or famous couples, before grabbing their coats and heading out through metal detectors into the night, where the moon was full and the brightest it will be in 2010, making the Alps all purple until the clouds came in, which happened sooner than it should have.”
this is probably counter-intuitive but i generally think davos is a load of crap. nice party, sure. boku bucks, sure. and?
anyway, there will be significantly more bullshit-calling in the near future.
But these executives were frequently numb to the sorts of innovations that enable high-quality production at low cost.
proof points and unique positioning:
::exhales:: i know this is sort of open-ended and more “okay, i get it - how do we fix it?” but maybe that’s the point. everyone is looking for ways to right the ship, to get us back on track, to get “us” flourishing again. to become omnipotent and ignorant all at once again probably shouldn’t be our best intention, veiled or otherwise.
we can do this differently and it doesn’t have to be choosing between one or the other. i’m absolutely sure of that.
The bottom line is that success in a knowledge economy requires different thinking, different aptitudes, and a different approach to work. The focus of a knowledge-driven company must be on creativity and systems thinking rather than planning and efficiency.(via The knowledge economy)
Google Domestic Trends track Google search traffic across specific sectors of the economy. Changes in the search volume of a given sector on google.com may provide unique economic insight.
this is interesting to me.
Goldman Sachs may just possibly have used security access codes and built a system to acquire trading information PRIOR to transaction_commit time points at NYSE. The profitability of this split-second information advantage would have been and could have been extraordinary. Observed yielding profits at $100,000,000 a day.
WHOA. So this is not insanely far from the plot of Superman III. Basically Goldman Sachs is monitoring the flow of stock trading information for the entire New York Stock Exchange, and making trades to their advantage in the tiny periods of time from when someone says they want to buy stock, to when they actually buy stock.
LESSON: do not buy stocks, it is over your head.
Daily Kos: State of the Nation
(via benjaminpalmer) (via mikehudack) (via asprettyasasong)
this is very real. i have a close friend who runs back-end systems at the NYSE. no way to confirm this instance but, in discussion with him, the possibility is a reality.
pile:
“For a long while Harvard’s daring investment style was the envy of the endowment world. It made light bets in plain old stocks and bonds and went hell-for-leather into exotic and illiquid holdings: commodities, timberland, hedge funds, emerging market equities and private equity partnerships. The risky strategy paid off with market-beating results as long as the market was going up. But risk brings pain in a market crash. Although the full extent of the damage won’t be known until Harvard releases the endowment numbers for June 30, 2009, the university is already working on the assumption that the portfolio will be down 30%, or $11 billion.”
just because you’re smart, doesn’t mean you’re smart.
lamb:
This AIG memo thing is full of good general advice for living.