When Kash Patel visited Hawa‘ii last summer, the FBI took pains to note the director was not on vacation, highlighting his walking tour of the bureau’s Honolulu field office and meetings with local law enforcement.
Left out of the FBI’s news releases was an exclusive excursion that Patel took days later when he participated in what government officials described as a “VIP snorkel” around the USS Arizona in an outing coordinated by the military. The sunken battleship entombs more than 900 sailors and Marines at Pearl Harbor.
The swim, revealed in government emails obtained by The Associated Press, comes to light amid criticism of Patel’s use of the FBI plane and his global travel, which have blurred professional responsibilities with leisure activities. The FBI did not disclose the snorkeling session or that Patel had returned to Hawai‘i for two days after his initial stopover on the island.
“It fits a pattern of Director Patel getting tangled up in unseemly distractions — this time at a site commemorating the second deadliest attack in U.S. history — instead of staying laser-focused on keeping Americans safe,” said Stacey Young, who founded Justice Connection, a network of former federal prosecutors and agents who advocate for the Department of Justice’s independence.
With few exceptions, snorkeling and diving are off-limits around the USS Arizona. The battleship, now a military cemetery reachable only by boat, has stood as one of the nation’s most hallowed sites since Japan bombed and sank it in 1941. Marine archaeologists and crews from the National Park Service make occasional dives at the memorial to survey the condition of the wreck. Other dives have been conducted to inter the remains of Arizona survivors who wanted to rest eternally with their former shipmates. [...]
Patel’s excursion was in August as he spent two days in Hawai‘i on his return to the United States from official visits to Australia and New Zealand. On his way to those countries, he stopped in Hawai‘i to visit the Honolulu field office. An FBI spokesman did not answer questions about the snorkeling session.
The FBI said in a statement that top regional commanders hosted Patel at Joint Base Pearl Harbor-Hickam “as they commonly do with US government officials on official travel.” The Pearl Harbor visit, the spokesman said, “was part of the Director’s public national security engagements last August with counterparts in New Zealand, Australia, our Honolulu Field Office, and the Department of War.” [...]
Beyond the snorkeling excursion, it is not clear what else Patel did during his second stop in Hawai‘i.
Flight tracking data for the Gulfstream G550 typically used by the FBI director show the jet remained on the island two nights during that stay before flying on to Las Vegas, Patel’s adopted hometown. The jet has a published range of about 7,700 miles (12,391 kilometers), meaning the plane would have needed to refuel somewhere between New Zealand and Washington.
The snorkeling session happened one day after Patel stopped in Wellington to open the FBI’s first standalone office in New Zealand. The visit sparked controversy after the AP revealed that Patel had gifted that country’s police and spy bosses inoperable 3D-printed replica pistols that were illegal to possess under local gun laws.
by Jim Mustian, Eric Tucker and Michael Biesecker, Honolulu Civil Beat | Read more:
Image: AP Photo/Mengshin Lin/2024
[ed. Another Ka$h sighting, which seem to occur just about everywhere except at FBI headquarters. More bad tourist behavior (see below). He's lucky someone didn't throw a rock at his head.]
Duck Soup
...dog paddling through culture, technology, music and more.
Friday, May 15, 2026
Monk Seals Under Attack
The response was swift.
A week after a bystander’s cellphone video appeared to show a tourist heaving a coconut-sized rock at a Hawaiian monk seal swimming in calm waters off Lahaina, barely missing its head, federal authorities charged the Seattle resident with harassing the endangered animal.
On Wednesday, they arrested the person believed to be in the video: Igor Mykhaylovych Lytvynchuk, 38. He’s expected to appear in court in Honolulu on May 27.
Those decisive moves followed near-universal outrage as images of the startled male monk seal and a defiant Lytvynchuk went viral in Hawaiʻi and beyond, prompting calls for action.
Outside of high-profile incidents such as that, authorities struggle to prosecute those who harass or even intentionally kill Hawaiʻi’s monk seals — one of the world’s most endangered species and a culturally important animal in the islands.
Protecting the mammals from human harm, advocates say, remains a complex and uphill battle.
NOAA’s Office of Law Enforcement, which is charged with protecting the seals under endangered species rules, did not respond this week to requests for comment.
Maria Sagapolu, assistant director of the office’s Pacific Islands Division, said in 2024 that there were fewer than 12 people to cover enforcement of the entire U.S. Pacific region, including Hawai‘i, Guam and other U.S. territories.
The Pacific represents the smallest of the OLE’s five divisions but has to cover the largest area, according to Sagapolu, representing some 1.7 million square miles. [...]
Among the $7.5 million in green fee tourism outreach funding cut by the Legislature was a $700,000 proposal to work with the tourism industry on better visitor outreach and more “culturally grounded messaging that promotes safe wildlife interactions,” according to a statement from the Department of Land and Natural Resources on Thursday.
Those dollars also would have funded a pilot marine protected species reporting app, the agency said, for the community to help report a host of threats related to Hawaiʻi’s wildlife, including monk seals. The project was recommended by Gov. Josh Green’s volunteer Green Fee Advisory Council, but the Senate removed its funding last month.
by Marcel Honoré, Honolulu Civil Beat | Read more:
Images: Hawaiʻi District Court document/2026; The Marine Mammal Center, NOAA Permit #24359/2023
[ed. The human capacity to do stupid and cruel things can never be underestimated (which appears to have infected Molokai as well). When a witness confronted the man, he said “he did not care and was ‘rich’ enough to pay any fines,”. Video here (Hawaii News Now).]
A week after a bystander’s cellphone video appeared to show a tourist heaving a coconut-sized rock at a Hawaiian monk seal swimming in calm waters off Lahaina, barely missing its head, federal authorities charged the Seattle resident with harassing the endangered animal.
On Wednesday, they arrested the person believed to be in the video: Igor Mykhaylovych Lytvynchuk, 38. He’s expected to appear in court in Honolulu on May 27.
Those decisive moves followed near-universal outrage as images of the startled male monk seal and a defiant Lytvynchuk went viral in Hawaiʻi and beyond, prompting calls for action.
Outside of high-profile incidents such as that, authorities struggle to prosecute those who harass or even intentionally kill Hawaiʻi’s monk seals — one of the world’s most endangered species and a culturally important animal in the islands.
Protecting the mammals from human harm, advocates say, remains a complex and uphill battle.
Most incidents don’t get caught on camera. Federal enforcement is stretched awfully thin across the Pacific region. Misinformation about the seals competing with fishermen for food, seal advocates say, continues to spread through local communities and spur attacks. [...]
On Maui, Mayor Richard Bissen vowed to personally see that Lytvynchuk, who was vacationing there, would be prosecuted to the fullest extent of the law. If convicted, Lytvynchuk faces up to one year in prison for each charge plus fines of up to $50,000 under the Endangered Species Act and up to $20,000 under the Marine Mammal Protection Act.
Initially, authorities believed the seal nearly hit was a female named Lani but later determined it was a different, male seal, Bissen said in an Instagram post Thursday. [...]
Enforcement Challenges
Out of at least 16 incidents of confirmed, intentional monk seal killings by humans in the past 17 years that remain unsolved, federal officials have only managed to prosecute one case. That incident, on Kauaʻi, dates back to 2009.
On Maui, Mayor Richard Bissen vowed to personally see that Lytvynchuk, who was vacationing there, would be prosecuted to the fullest extent of the law. If convicted, Lytvynchuk faces up to one year in prison for each charge plus fines of up to $50,000 under the Endangered Species Act and up to $20,000 under the Marine Mammal Protection Act.
Initially, authorities believed the seal nearly hit was a female named Lani but later determined it was a different, male seal, Bissen said in an Instagram post Thursday. [...]
Enforcement Challenges
Out of at least 16 incidents of confirmed, intentional monk seal killings by humans in the past 17 years that remain unsolved, federal officials have only managed to prosecute one case. That incident, on Kauaʻi, dates back to 2009.
NOAA’s Office of Law Enforcement, which is charged with protecting the seals under endangered species rules, did not respond this week to requests for comment.
Maria Sagapolu, assistant director of the office’s Pacific Islands Division, said in 2024 that there were fewer than 12 people to cover enforcement of the entire U.S. Pacific region, including Hawai‘i, Guam and other U.S. territories.
The Pacific represents the smallest of the OLE’s five divisions but has to cover the largest area, according to Sagapolu, representing some 1.7 million square miles. [...]
Among the $7.5 million in green fee tourism outreach funding cut by the Legislature was a $700,000 proposal to work with the tourism industry on better visitor outreach and more “culturally grounded messaging that promotes safe wildlife interactions,” according to a statement from the Department of Land and Natural Resources on Thursday.
Those dollars also would have funded a pilot marine protected species reporting app, the agency said, for the community to help report a host of threats related to Hawaiʻi’s wildlife, including monk seals. The project was recommended by Gov. Josh Green’s volunteer Green Fee Advisory Council, but the Senate removed its funding last month.
by Marcel Honoré, Honolulu Civil Beat | Read more:
Images: Hawaiʻi District Court document/2026; The Marine Mammal Center, NOAA Permit #24359/2023
[ed. The human capacity to do stupid and cruel things can never be underestimated (which appears to have infected Molokai as well). When a witness confronted the man, he said “he did not care and was ‘rich’ enough to pay any fines,”. Video here (Hawaii News Now).]
The Perfect Commuter Bike?
[ed. Not an endorsement.]
So it’s been surprising how rarely the commuter bikes I’ve tested have gotten it right. At the low end of the price scale, as you’d expect, the required compromises have a big impact on the experience. The high end addresses those shortcomings, but at prices comparable to high-end bikes from specialized categories. I’ve never encountered something in the middle of the two: affordable, with no compromises.
But I may have just found my ideal commuter bike: the Velotric Discover 3. It’s comfortable, it has a great combination of components, and it comes in at just under $2,000.
Upgrades all around
Velotric’s first entry in this line, the Discover 1, marked a promising start for the company. While it was definitely in the “compromises needed” category, the shortcomings were relatively minor and carefully chosen. Since then, the company has expanded considerably, introduced many new models, started working with local dealers in the US, and moved a bit upmarket.
The third iteration of the Discover illustrates the upmarket move. It costs nearly twice as much as the original Discover, but you get a lot for that price. The hub motor is gone, replaced by a mid-frame motor produced under contract for Velotric.
While it still has a cadence sensor you can select through a menu, the Discover uses a torque sensor by default, providing far more integration with your pedaling. Cadence sensors simply register when the pedals are spinning; a torque sensor registers how much force you’re applying to the cranks. The latter makes the electric assist feel more like just that: an assist for your legs rather than a replacement for effort.
Switching to the cadence sensor triggers a warning that it will drain the battery faster, which makes sense: You can gently spin the pedals in a gear meant for climbing hills while the electric motor does all the work. I quickly switched back to the torque sensor for pleasant spring-time riding, but I can see where the cadence sensor might make sense once the full heat of summer starts.
Of course, you could always just use the throttle. More on that below. [...]
True class
US law defines three classes of e-bike. Class 1 provides an assist for up to 20 miles an hour (32 km/hr), but you must be pedaling to activate it. Class 2 is similar but adds a throttle that also cuts out at the same maximum speed. Class 3 e-bikes offer an assist to 28 mph (45 km/hr) but do not allow a throttle. The accepted classes are a patchwork, making it difficult to design a single bike for the US market.
Nearly every manufacturer focused on the US market has settled on a compromise that’s probably not technically legal: They enable switching to Class 3 in software but still provide a hardware throttle. The throttle simply cuts out at the lower max speed of Class 2. The assist it provides is also somewhat anemic; I could generally accelerate away from a full stop much faster by mashing the pedals a bit.
Velotric has provided a simple software solution. If the bike is set to Class 1 or Class 3, the throttle is disabled. While this may seem like a blindingly obvious way to do things, it’s rare enough that I initially thought I had been shipped a bike with a defective throttle.
The assist provided by the throttle is a bit weak; I could generally accelerate from a full stop faster by mashing the pedals down with the assist set to high. If you want to cruise around using the throttle to avoid the effort of pedaling, you’re better off activating the cadence sensor and then casually spinning the pedals with the chain in a large gear ring. That will get you to the max speed faster than waiting for the throttle to take you there.
Customize your ride
In general, Velotric offers exceptional customization options. You can adjust the speed of any assist level up to its legal maximum. So if you live in an area with low speed limits, you can set Class 1’s assist to max out at 15 mph while leaving the remaining ones untouched. Or if you’re worried you’re not getting enough exercise, you can set the throttle to cut out at 10 mph while leaving Class 2’s 20 mph assist maximum untouched.
This is actually useful because Velotric includes a dedicated button for switching classes on the controller. On most bikes, changing classes requires a trip to a phone application or diving through menus that require you to pull over. Thanks to the button, you simply adjust the class to your current needs. I would set it to Class 1 when sharing space on a heavily trafficked bike path, then switch to Class 3 to match the traffic speeds on suburban streets.
Anything that makes it easier to change classes will obviously also make it easy for riders to switch into a class that may not be appropriate for the conditions. Of course, this sort of rider is more likely to set the bike to Class 3 and keep it there.
by John Timmer, Ars Technica | Read more:
Image: John Timmer
[ed. As noted up front, this isn't an endorsement. But for someone in the market for a good ebike (which I am, kind of... off and on) there's a lot of good information here on things to consider.]
Fix Everything Switch
Ask Claude: 'There's a meme called the "fix everything easily switch". What policies do you think are the best candidates for being a real fix everything switch in the US? Give me your top ten, your confidence, your reasoning, and why a given policy has not been implemented.'
Claude is asked for the top 10 Fix Everything Now buttons. Its answers:
1. Legalize housing.10/10, no notes, no seriously that’s 10/10 and no notes. 16/16 if you count the others.
2. Land value tax.
3. Permitting and NEPA reform.
4. Carbon taxes.
5. Repeal the Jones Act.
6. Compensate kidney donors.
7. Expand high-skilled immigration.
8. Reciprocal drug and device approval with peer regulators (e.g. EU/UK/JP/AU).
9. Occupational licensing reform.
10. Approval or ranked choice voting.
11. Honorable mentions: Child allowance, congestion pricing, replacing corporate income tax with a VAT or DBCFT, ending the home mortgage interest deduction, federal preemption of telehealth and medical licensing, and letting Pell Grants pay for vocational programs.
There is also a UK version, which also seems like a very good list at first glance.
via: Zvi
***
[ed. 'Legalize housing' might be confusing to some. It's mostly about allowing more housing in every neighborhood, especially historically affluent and exclusionary neighborhoods, removing barriers to both subsidized affordable and market rate housing.
Reciprocal approval is FDA approval for drugs and devices already approved in other trusted countries like the UK, European Union member countries, Israel, Australia, Canada, and Japan, etc.
VAT/DBCFT - revenue from sales to nonresidents would not be taxable, and the cost of goods purchased from nonresidents would not be deductible. So if a business purchases $100 million in goods from a supplier overseas, the cost of those goods would not be deductible against the corporate income tax. Likewise, if a business sells a good to a foreign person, the revenues attributed to that sale would not be added to taxable income. Another way to think about the border adjustment is that the corporate tax would ignore revenues and costs associated with cross-border transactions. The tax would be solely focused on raising revenue from business transactions from sales of goods in the United States. (via)]
Labels:
Critical Thought,
Education,
Government,
Media,
Politics,
Technology
Thursday, May 14, 2026
Bob Spitz on the Rolling Stones, Bruce Springsteen, and the Art of Biography
Bob Spitz has written major biographies of the Beatles, Led Zeppelin, Bob Dylan, and now the Rolling Stones — but also, somehow, Ronald Reagan and Julia Child. In rock, his credentials were hard won: he started out hustling gigs for an unknown Bruce Springsteen for six years, moved on to handling Elton John’s American business, and spent long enough in the world to find himself jamming with Paul McCartney and chatting with Bob Dylan on a stoop in the Village. The Reagan and Julia Child books are harder to explain, and perhaps that’s the point—Spitz seems to do his best work when he has no business writing the book at all.
Tyler and Bob discuss how the Stones became so great so quickly, what they added to the blues, how their melodies stack up against the Beatles’, whether Exile on Main Street deserves its canonical status, which songs are most underrated, what Charlie Watts actually got out of playing in a rock band, the rise and fall of Brian Jones, how the Stones outlasted nearly everyone, the influence of Mick’s London School of Economics training, why popular music has lost its cultural influence, what we should still be asking Paul McCartney and Ringo Starr, whether the Beatles’ breakup was good for the world, how senile Reagan really was in his second term and whether he was ever truly a communist, how good a cook Julia Child actually was, his next book on Lennon’s second act, and much more.
TYLER COWEN: Hello, everyone, and welcome back to Conversations with Tyler. Today I’m sitting here chatting with the great Bob Spitz, the biographer. He has a new book out, which I enjoyed very much, The Rolling Stones: The Biography. He has other very well-known books on the Beatles, Led Zeppelin, Bob Dylan, Ronald Reagan, Julia Child, and more. Bob, welcome.
BOB SPITZ: My pleasure, Tyler. Nice to be with you.
COWEN: Did the Rolling Stones have a long apprenticeship period the way the Beatles did? It seems they didn’t. How did they become so great so quickly?
SPITZ: Actually, they did. They worked in a little club called the Crawdaddy Club, which was in Richmond, a suburb of London. They worked long and hard there. In fact, the first time, and I document this in the book, the first time they show up, only six kids show up. They’re despondent. They go and talk to the head of the club. He said, “Look, play as if there are 100 people there and next week, there will be 100 people.”
Next week, there was 100 people. They played as if there were 100. The next week, 200 came. They worked in that club for about six months. Then they went on the road. They played a lot of really crappy little places, the same way that the Beatles did. Perhaps not as long an apprenticeship, but they served their time pretty well.
COWEN: That seems quite short, those six months. You read about Paul McCartney. He writes songs when he’s age 14, age 16. Is there anything comparable in the Rolling Stones?
SPITZ: No, not really. The Stones never dreamed that they would write music. It was beyond them. They were blues singers. Their primary goal in life was to bring that rich catalog of Delta and Mississippi, and Chicago blues to the world. They did not care about writing songs at all. They saw themselves as authentic blues masters. It was only their young manager, Andrew Oldham, who insisted if they were going to go anywhere, if they were going to compete in the music world, the pop music world, they would have to write music. They gave it a try. This came maybe two years after they were already on the road.
On the sound of the Rolling Stones
COWEN: There’s something they added to the blues. If you were to put your finger on what that was, the secret to their sound, the blues plus X, what’s the X there?
SPITZ: Rock ‘n’ roll. The X is rock ‘n’ roll. They jacked it up. They hotwired the blues. They turned it into a sound that we now know as rock ‘n’ roll. Chuck Berry and Bo Diddley started that sound. Then the Stones really gave it extra power and ferocious guitar and gave us the sound that we now know as rock ‘n’ roll today.
COWEN: They also have some songs that are very good. You could say almost Country and Western music, say, circa 1968. There’s some other element musically other than just rocking that they’re adding all along.
SPITZ: Absolutely. They took the records that the American servicemen had left behind after World War II. They left thousands of records behind. The majority of them were Country and Western records. The Stones grew up, like the Beatles did too, loving Country and Western music, courtesy of the American servicemen.
COWEN: Viewed objectively, how good are their melodies, just as melodies? If you ask about the Beatles, here, there, and everywhere, that’s an A-double-plus melody. How do you rate the Stones?
SPITZ: I would rate them maybe a B minus. Their rock and roll melodies are spectacular. “Gimme Shelter,” “Jumpin’ Jack Flash,” “You Can’t Always Get What You Want,” these are melodies that I would put up against some of the Beatles’ better songs, but perhaps not as lush, not as romantic as the Beatles. Melodies in a different mode. [...]
COWEN: Let’s say we put you in charge of social welfare. Was it good that the Beatles split up when they did? I mean for the world, not for them.
SPITZ: Perhaps it was. I always felt that a lot of people run out of steam after three or four albums. If you look at Bob Dylan and Neil Young and Van Morrison and The Who and maybe even The Rolling Stones, after a couple years, after maybe four or five albums, they start trying to duplicate themselves. The Beatles gave us everything they had, and then they stopped. We have 230-some songs, perhaps the most remarkable songbook, aside from Hammerstein and Rodgers, that we know of from the 1900s on. The Beatles songbook I would put up against anybody’s. I think maybe if they had stayed together, they might have lost some of that spark.
COWEN: Think how many more George songs we got from this split, or Paul songs for that matter.
SPITZ: Absolutely right. George, toward the end, George really came into his own. Even after, in his solo career, we got some real gems out of George. I think it took him a little longer. More than that, I think he learned how to step out of the Lennon-McCartney shadow and stand on his own two feet.
COWEN: What did you learn jamming with Paul McCartney?
SPITZ: Boy, that was an experience.
COWEN: What year is this, just for context?
SPITZ: 1997. The New York Times Magazine sent me to the UK right after Paul was knighted to talk to him about that and give me a few of his memories of John Lennon. We were in Hastings in his house. It was a strange experience because I expected Paul McCartney to have an expensive house. It was really this tiny two-and-a-half, three-bedroom cottage. I said, “Do you actually live here?” He said, “I do.” I said, “But you have five children. You have three bedrooms.” He said, “Linda said that we all need to live on top of one another. That’s what we do. We are a family here.”
As I was leaving, he said, “Hey, you’re a musician, right? Want to see the studio?” Of course, that was like catnip to a guy like me. We went downstairs, and he shows me. It was a room no longer than say my dining room in New York City, but there were all the instruments from Abbey Road that he had, as well as Bill Black’s bass. Bill Black was Elvis Presley’s bass player. Paul had bought all these instruments and maintained them.
He said, “Sit down.” I said, “Sit down?” Paul sat down at the piano, and he nodded me into a guitar. What did we play? We played a few Beatles songs. It was frightening. I played with some great musicians before, but when you see Paul McCartney nodding you into a song, it’s a different feeling altogether, believe me.
COWEN: He was good?
SPITZ: Was he good? Oh, yes. I would say he was good. Then I let him sing “Maybe I’m Amazed” by himself on the piano. That was freakish, having a private audience in a tiny room. Never experienced anything like that before. [...]
On Robert Caro
COWEN: What is Robert Caro like?
SPITZ: Robert Caro is the guy I look up to whenever it comes to writing biographies. That man has a way with words that has often intrigued me and humbled me. I was at a party one time, and a guy came over and said, “I hear you’re writing a book about Ronald Reagan.” There were about 150 people in this party. I said, “I am.” He said, “Could you talk to me about it a little?”
We sat down on the couch. I looked, and I saw over the man’s shoulder, my wife was going, “It’s Robert Caro. It’s Robert Caro.” At which point, my semi-intelligent dialogue became bedab, bedab, bedab, bedab. He was an incredibly thoughtful man. He sent me a number of notes from time to time. He is the biographer’s biographer. I don’t know how he does it. A great read.
COWEN: Why doesn’t he do more in public? Is it a Bob Dylan kind of thing, or just he’s too busy writing and researching?
SPITZ: I think he’s too busy writing. This guy writes and researches around the clock. I have learned not to do that. From what I’ve gathered, he’s up to his eyeballs in work day and night. He lives to do that. That’s his process.
COWEN: Does he understand how much of a cult surrounds him since he’s not out in public much?
SPITZ: I think he does. When he’s out in public, people stop this guy on the street. He’s like a rock star. He gets a lot of letters from people, especially people who want to know if he’s ever going to finish that last installment of the Johnson biography. I expect we’re going to see that any day.
Tyler and Bob discuss how the Stones became so great so quickly, what they added to the blues, how their melodies stack up against the Beatles’, whether Exile on Main Street deserves its canonical status, which songs are most underrated, what Charlie Watts actually got out of playing in a rock band, the rise and fall of Brian Jones, how the Stones outlasted nearly everyone, the influence of Mick’s London School of Economics training, why popular music has lost its cultural influence, what we should still be asking Paul McCartney and Ringo Starr, whether the Beatles’ breakup was good for the world, how senile Reagan really was in his second term and whether he was ever truly a communist, how good a cook Julia Child actually was, his next book on Lennon’s second act, and much more.
TYLER COWEN: Hello, everyone, and welcome back to Conversations with Tyler. Today I’m sitting here chatting with the great Bob Spitz, the biographer. He has a new book out, which I enjoyed very much, The Rolling Stones: The Biography. He has other very well-known books on the Beatles, Led Zeppelin, Bob Dylan, Ronald Reagan, Julia Child, and more. Bob, welcome.
BOB SPITZ: My pleasure, Tyler. Nice to be with you.
COWEN: Did the Rolling Stones have a long apprenticeship period the way the Beatles did? It seems they didn’t. How did they become so great so quickly?
SPITZ: Actually, they did. They worked in a little club called the Crawdaddy Club, which was in Richmond, a suburb of London. They worked long and hard there. In fact, the first time, and I document this in the book, the first time they show up, only six kids show up. They’re despondent. They go and talk to the head of the club. He said, “Look, play as if there are 100 people there and next week, there will be 100 people.”
Next week, there was 100 people. They played as if there were 100. The next week, 200 came. They worked in that club for about six months. Then they went on the road. They played a lot of really crappy little places, the same way that the Beatles did. Perhaps not as long an apprenticeship, but they served their time pretty well.
COWEN: That seems quite short, those six months. You read about Paul McCartney. He writes songs when he’s age 14, age 16. Is there anything comparable in the Rolling Stones?
SPITZ: No, not really. The Stones never dreamed that they would write music. It was beyond them. They were blues singers. Their primary goal in life was to bring that rich catalog of Delta and Mississippi, and Chicago blues to the world. They did not care about writing songs at all. They saw themselves as authentic blues masters. It was only their young manager, Andrew Oldham, who insisted if they were going to go anywhere, if they were going to compete in the music world, the pop music world, they would have to write music. They gave it a try. This came maybe two years after they were already on the road.
On the sound of the Rolling Stones
COWEN: There’s something they added to the blues. If you were to put your finger on what that was, the secret to their sound, the blues plus X, what’s the X there?
SPITZ: Rock ‘n’ roll. The X is rock ‘n’ roll. They jacked it up. They hotwired the blues. They turned it into a sound that we now know as rock ‘n’ roll. Chuck Berry and Bo Diddley started that sound. Then the Stones really gave it extra power and ferocious guitar and gave us the sound that we now know as rock ‘n’ roll today.
COWEN: They also have some songs that are very good. You could say almost Country and Western music, say, circa 1968. There’s some other element musically other than just rocking that they’re adding all along.
SPITZ: Absolutely. They took the records that the American servicemen had left behind after World War II. They left thousands of records behind. The majority of them were Country and Western records. The Stones grew up, like the Beatles did too, loving Country and Western music, courtesy of the American servicemen.
COWEN: Viewed objectively, how good are their melodies, just as melodies? If you ask about the Beatles, here, there, and everywhere, that’s an A-double-plus melody. How do you rate the Stones?
SPITZ: I would rate them maybe a B minus. Their rock and roll melodies are spectacular. “Gimme Shelter,” “Jumpin’ Jack Flash,” “You Can’t Always Get What You Want,” these are melodies that I would put up against some of the Beatles’ better songs, but perhaps not as lush, not as romantic as the Beatles. Melodies in a different mode. [...]
On art colleges and rock ‘n’ roll
COWEN: Here’s a sentence from you: “The nascent British rock ‘n’ roll movement was born in art colleges.” Please explain.
SPITZ: Oh, well, art colleges, we don’t have them here, but they are a foundation of UK education. There is an 11-plus test that is given to every student when they’re 11 years old, and it really determines whether or not they’re going to go on to university or they’re going to go to a vocational school. In those early days, a vocational school meant that you’d wind up working in a factory. You’d wind up working as a clerk for the railroad. You’d take on one of those jobs.
Art schools came into being, and this was a repository for people who had talent but didn’t know what to do with it and weren’t that academic. Art schools sprang up in almost every community in the UK. We have people like Jimmy Page coming out of art school, Keith Richards, Jeff Beck, Pete Townshend, all the great rock ‘n’ roll—
COWEN: John Lennon, also, right?
SPITZ: John Lennon, absolutely, went to Liverpool College of Art. It was an incubator for the arts, but also for rock ‘n’ roll because people brought their instruments to school, and they would play in the cloak rooms. That’s where they really formed bands and learned how to play with other musicians. The art school movement really gave us that whole British rock ‘n’ roll thing to this very day. Florence Welch of Florence and the Machine came out of it. Jarvis Cocker came out of art schools. They’re still thriving in the UK, and they’re still giving us new, innovative music. [...]
COWEN: Mick once said his favorite economist was Friedrich A. Hayek. Do you know anything more about that?
SPITZ: I do not, actually. I think it’s incredible that Mick had favorite economists. We do know that Mick was a scholarship student to the London School of Economics, and that for two and a half years, he attended and got pretty good grades. He did fairly well. The one thing that amazes me about Mick coming out of that London School of Economics is this. After 1967, when Andrew Loog Oldham stopped managing the Stones, they have never had another manager. They’ve had some money managers, but as far as managers go, Mick Jagger was their manager.
He has served as the Rolling Stones’ manager, bringing all of his experience from the London School of Economics since 1967. He’s negotiated all of the recording contracts, their publishing contracts. Every tour that comes along, he negotiates with the promoters. Every date he oversees, he designs the stage, and he invests the Stones’ money. So remarkable that this guy, a London School of Economics dropout, let’s call him that, has done so well for the rest of the band. [...]
COWEN: Here’s a sentence from you: “The nascent British rock ‘n’ roll movement was born in art colleges.” Please explain.
SPITZ: Oh, well, art colleges, we don’t have them here, but they are a foundation of UK education. There is an 11-plus test that is given to every student when they’re 11 years old, and it really determines whether or not they’re going to go on to university or they’re going to go to a vocational school. In those early days, a vocational school meant that you’d wind up working in a factory. You’d wind up working as a clerk for the railroad. You’d take on one of those jobs.
Art schools came into being, and this was a repository for people who had talent but didn’t know what to do with it and weren’t that academic. Art schools sprang up in almost every community in the UK. We have people like Jimmy Page coming out of art school, Keith Richards, Jeff Beck, Pete Townshend, all the great rock ‘n’ roll—
COWEN: John Lennon, also, right?
SPITZ: John Lennon, absolutely, went to Liverpool College of Art. It was an incubator for the arts, but also for rock ‘n’ roll because people brought their instruments to school, and they would play in the cloak rooms. That’s where they really formed bands and learned how to play with other musicians. The art school movement really gave us that whole British rock ‘n’ roll thing to this very day. Florence Welch of Florence and the Machine came out of it. Jarvis Cocker came out of art schools. They’re still thriving in the UK, and they’re still giving us new, innovative music. [...]
COWEN: Mick once said his favorite economist was Friedrich A. Hayek. Do you know anything more about that?
SPITZ: I do not, actually. I think it’s incredible that Mick had favorite economists. We do know that Mick was a scholarship student to the London School of Economics, and that for two and a half years, he attended and got pretty good grades. He did fairly well. The one thing that amazes me about Mick coming out of that London School of Economics is this. After 1967, when Andrew Loog Oldham stopped managing the Stones, they have never had another manager. They’ve had some money managers, but as far as managers go, Mick Jagger was their manager.
He has served as the Rolling Stones’ manager, bringing all of his experience from the London School of Economics since 1967. He’s negotiated all of the recording contracts, their publishing contracts. Every tour that comes along, he negotiates with the promoters. Every date he oversees, he designs the stage, and he invests the Stones’ money. So remarkable that this guy, a London School of Economics dropout, let’s call him that, has done so well for the rest of the band. [...]
COWEN: Let’s say we put you in charge of social welfare. Was it good that the Beatles split up when they did? I mean for the world, not for them.
SPITZ: Perhaps it was. I always felt that a lot of people run out of steam after three or four albums. If you look at Bob Dylan and Neil Young and Van Morrison and The Who and maybe even The Rolling Stones, after a couple years, after maybe four or five albums, they start trying to duplicate themselves. The Beatles gave us everything they had, and then they stopped. We have 230-some songs, perhaps the most remarkable songbook, aside from Hammerstein and Rodgers, that we know of from the 1900s on. The Beatles songbook I would put up against anybody’s. I think maybe if they had stayed together, they might have lost some of that spark.
COWEN: Think how many more George songs we got from this split, or Paul songs for that matter.
SPITZ: Absolutely right. George, toward the end, George really came into his own. Even after, in his solo career, we got some real gems out of George. I think it took him a little longer. More than that, I think he learned how to step out of the Lennon-McCartney shadow and stand on his own two feet.
COWEN: What did you learn jamming with Paul McCartney?
SPITZ: Boy, that was an experience.
COWEN: What year is this, just for context?
SPITZ: 1997. The New York Times Magazine sent me to the UK right after Paul was knighted to talk to him about that and give me a few of his memories of John Lennon. We were in Hastings in his house. It was a strange experience because I expected Paul McCartney to have an expensive house. It was really this tiny two-and-a-half, three-bedroom cottage. I said, “Do you actually live here?” He said, “I do.” I said, “But you have five children. You have three bedrooms.” He said, “Linda said that we all need to live on top of one another. That’s what we do. We are a family here.”
As I was leaving, he said, “Hey, you’re a musician, right? Want to see the studio?” Of course, that was like catnip to a guy like me. We went downstairs, and he shows me. It was a room no longer than say my dining room in New York City, but there were all the instruments from Abbey Road that he had, as well as Bill Black’s bass. Bill Black was Elvis Presley’s bass player. Paul had bought all these instruments and maintained them.
He said, “Sit down.” I said, “Sit down?” Paul sat down at the piano, and he nodded me into a guitar. What did we play? We played a few Beatles songs. It was frightening. I played with some great musicians before, but when you see Paul McCartney nodding you into a song, it’s a different feeling altogether, believe me.
COWEN: He was good?
SPITZ: Was he good? Oh, yes. I would say he was good. Then I let him sing “Maybe I’m Amazed” by himself on the piano. That was freakish, having a private audience in a tiny room. Never experienced anything like that before. [...]
On Robert Caro
COWEN: What is Robert Caro like?
SPITZ: Robert Caro is the guy I look up to whenever it comes to writing biographies. That man has a way with words that has often intrigued me and humbled me. I was at a party one time, and a guy came over and said, “I hear you’re writing a book about Ronald Reagan.” There were about 150 people in this party. I said, “I am.” He said, “Could you talk to me about it a little?”
We sat down on the couch. I looked, and I saw over the man’s shoulder, my wife was going, “It’s Robert Caro. It’s Robert Caro.” At which point, my semi-intelligent dialogue became bedab, bedab, bedab, bedab. He was an incredibly thoughtful man. He sent me a number of notes from time to time. He is the biographer’s biographer. I don’t know how he does it. A great read.
COWEN: Why doesn’t he do more in public? Is it a Bob Dylan kind of thing, or just he’s too busy writing and researching?
SPITZ: I think he’s too busy writing. This guy writes and researches around the clock. I have learned not to do that. From what I’ve gathered, he’s up to his eyeballs in work day and night. He lives to do that. That’s his process.
COWEN: Does he understand how much of a cult surrounds him since he’s not out in public much?
SPITZ: I think he does. When he’s out in public, people stop this guy on the street. He’s like a rock star. He gets a lot of letters from people, especially people who want to know if he’s ever going to finish that last installment of the Johnson biography. I expect we’re going to see that any day.
by Tyler Cowen and Bob Spitz, Conversations | Read more:
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Into the Maw
When Barack Obama took office, he faced the biggest combination of crisis and opportunity that any incoming president had since Franklin Delano Roosevelt. In 1932 the Great Depression had ravaged the country and was only getting worse. Even as he prepared to move into the White House, a fresh wave of banking panic swept through the nation, and it was clear that if Roosevelt was to save American democracy, he needed to put forward a sweeping set of reforms, which is exactly what he did via two major rounds of policy initiatives in 1933 and 1935.
In 2008, Obama faced a similar crisis: The economy was in free fall, and the financial system was gripped by panic. Unemployment had not yet come anywhere close to Depression levels, but like FDR, Obama had the opportunity—even the mandate—to enact far-reaching reforms. Unfortunately, he did not use this opportunity. Faced with a shattering economic breakdown, Obama and his key advisers largely sought to restore the wobbly precrisis status quo, inaugurating a decade of economic stagnation and dislocation that culminated in the election of Donald Trump.
The story of Obama’s missed opportunity to fix the rot in the American economy is frequently noted by the left, but it is also the subject of two recent books written mainly by Obama administration insiders—A Crisis Wasted: Barack Obama’s Defining Decisions, by Reed Hundt, who worked on Obama’s transition team, and Firefighting: The Financial Crisis and Its Lessons, by Ben Bernanke, Tim Geithner, and Henry Paulson (the former Goldman Sachs chairman and CEO who served as George W. Bush’s treasury secretary). The former is a brutal and devastating indictment of Obama’s strategic missteps as he confronted the crisis, while the latter attempts an apologia for the Bush-Obama crisis management strategy that inadvertently confirms Hundt’s key points. What both books show is that Obama and his administration burned up most of their political capital rescuing the banks from a crisis caused by their own mistakes, and they offer us a warning about doing the same thing again as we face yet another potentially disastrous recession.
As the winds of financial crisis gathered strength in late 2007, the key question faced by both policy-makers and those in the banking industry was what should be done about the supposedly too-big-to-fail firms. Several keystone institutions—the gigantic insurer AIG, the megabank Citigroup, the investment banks Bear Stearns and Lehman Brothers, and many of the other big Wall Street players—were heavily invested in mortgage-backed securities that turned out to be stuffed with the financial equivalent of toxic waste, and it was clear that, left to their own fate, they would implode.
Worse, the wholesale funding market—the unregulated “shadow banking” system that provided the daily credit flows on which the whole global financial system depended—was experiencing a kind of bank run, and financiers could no longer get the loans necessary for their daily operations. Savvier firms like Goldman Sachs and JPMorgan Chase had already shorted (or made bets against) the housing market and so were able to defend themselves against a disaster centered there—but if any of the other big players went down, they were all too aware that they would likely go, too. After all, the counterparty for many of those shorts was the now-ailing AIG. If it failed, it would take down Goldman and probably most of the rest of Wall Street as well, since they were all so intertwined. Thus, without some kind of government rescue, the entire financial system would collapse.
Yet even if everyone agreed on the necessity of a rescue, there was much less agreement on the form it should take. This was the question that the economic advisers for both the president and the president-elect were grappling with in the last months of 2008. One option, which Paulson favored, was simply to buy up toxic mortgages in order to get them off the banks’ balance sheets. A more compelling option was the one favored by Timothy Geithner, then head of the New York Federal Reserve Bank and soon to be Obama’s treasury secretary: He recommended “capital injections,” in which the government bought a whole bunch of bank stock—in other words, a partial nationalization—that would help strengthen the banks’ balance sheets and thus stabilize the financial system. The banks could then lend against the government’s fresh capital and further fortify themselves with more good assets to offset the bad ones.
For those financial companies in dire straits, the government would also have the option to simply buy them outright should their collapse threaten financial stability. The Federal Reserve had broad powers to buy up failing firms by declaring an emergency under Section 13(3) of the Federal Reserve Act. In “unusual and exigent circumstances,” the Fed could use its money-creating authority to simply purchase a failing company. Once owned by the government, a problem firm could be prevented from going bankrupt, and there would be time to examine its books and either fix it up or isolate it from the rest of the market and let it collapse.
Paulson opposed Geithner’s plan on ideological grounds, saying that it was “socialistic” and “sounded un-American.” But as the crisis gathered strength and it became clear that asset purchases would not be enough to save the system, the “socialistic” options won out. In early September, Paulson directed the Treasury Department to take control of the mortgage giants Fannie Mae and Freddie Mac (already partly backed by the state anyway), which were then teetering on the brink of collapse. A worried Bush informed Paulson that “we have to make it clear that what we are doing now is transitory, because otherwise it looks like nationalization.” But this caveat never came to pass; to this day, Fannie and Freddie are still owned by the government (and incidentally have turned a steady profit since 2012).
But Paulson refused to do the same thing for Lehman Brothers, which was nearing collapse a couple of weeks later. As Hundt writes, he maneuvered to prevent a Fed rescue and instructed the company to declare bankruptcy, thereby setting the stage for the largest bankruptcy in American history. This instantly caused market panic and put AIG on the brink of failure as well. As the markets tanked, Federal Reserve chairman Ben Bernanke threw caution to the wind, declared a Section 13(3) emergency, and rushed in with an $85 billion loan in return for almost 80 percent of AIG’s stock—making good old Uncle Sam the owner of the world’s largest insurance company. [...]
Regardless of whether the government should have purchased Lehman Brothers too, the issue with the bailouts of AIG, Fannie Mae, and Freddie Mac was that they were wildly unpopular—but not because people were worried about the government becoming “socialistic.” What infuriated them was the unfairness: AIG blew itself up making stupid bets, and now the government was leaping to its rescue with $85 billion (later increased to $180 billion). And yet the Bush administration did little about the company’s executives, who had played such a crucial role in wrecking the American economy in the first place. Meanwhile, the people suffering from their atrocious decisions were not similarly bailed out; they continued to see their jobs disappear, their homes foreclosed on, and their pension funds devastated.
Paulson recognized this growing outrage, and so he turned to the Democratic-controlled Congress for additional powers and money—$700 billion in all—thereby pinning “the tail of responsibility on the Democratic donkey,” as Hundt puts it. The bill, to create something called the Troubled Asset Relief Program (TARP), was voted down by Congress the first time, but with Obama’s support as president-elect and more oversight and structural controls built into it, TARP passed the House and Senate the second time around, thus making it “the first and most significant decision” of Obama’s presidency, Hundt writes: one in which he “let Paulson pick his presidential priority” and “chose bank bailouts—euphemistically, stabilizing finance—as his top strategic goal.” [...]
Once in office, Obama only doubled down on Paulson’s agenda, nominating Geithner as his treasury secretary and turning the foreclosure policy over to him. The TARP bill included a sweeping grant of authority and an unspecified appropriation to pursue foreclosure relief—meaning interest rate reductions, payment reschedulings, principal reductions, and “other similar modifications.” Obama previously promised to pursue “cramdown,” a policy that would have allowed homeowners to write down their mortgage to the home’s assessed value during bankruptcy proceedings. But since real homeowner relief would have harmed the banks (by reducing the value of their mortgage assets), Geithner refused to include principal reductions in his foreclosure plan and made the program such a Kafkaesque nightmare that few participated in it. Those who did found themselves at the mercy of mortgage servicers who had direct financial incentives to foreclose, and that is exactly what they did: They proceeded to trick thousands of homeowners into foreclosure. While more and more Americans lost their homes, Geithner quietly and successfully lobbied Congress to stop cramdown altogether. Through it all, Obama did nothing—just as he did nothing when Geithner disobeyed a direct order to draw up plans to wind down Citigroup.
In Hundt’s interviews with administration officials, the logic of this choice is discussed explicitly. “The only problem was that there was $750 billion of negative equity in housing—the amount that mortgages exceeded the value of the houses,” says Obama economic adviser Austan Goolsbee. “For sure the banks couldn’t take $750 billion of losses and for sure the government wasn’t willing to give $750 billion in subsidies to underwater homeowners, to say nothing of the anger it would engender among non-underwater homeowners.” Christina Romer, the head of Obama’s Council of Economic Advisers, puts that figure higher but comes to a similar conclusion. “There was about $1 trillion of negative equity,” she tells Hundt, “and getting rid of it would have helped increase consumer spending and heal the economy. But for the government to just absorb it would have been very expensive.”
Thus, since the banks couldn’t handle these losses and the government was unwilling to do so, the Obama team decided to quietly shove them onto homeowners. This choice would result in about 10 million families being forced out of their homes through foreclosure or some other process—roughly one out of every six homeowners. These foreclosed properties would then become economic time bombs, since abandoned houses damage neighborhoods and the value of adjacent homes. The political side effects were also disastrous. As Hundt writes, “In swing states affected severely by the housing market downturn, the reduction of mortgage credit supply had five times the negative effect on votes for the presidential candidate of the incumbent party than the increase in the unemployment rate.” Eventually, Rust Belt states were the hardest hit. “Chicago had the highest rate of negative equity among large markets,” he writes. “The surrounding states proved fertile territory for Donald Trump’s campaign.” [...]
Obama’s advisers often explained many of his choices by invoking legal constraints, but there was no technical or legal reason that a more just and thoroughgoing overhaul of the financial sector, coupled with support for homeowners and the rest of the American people, couldn’t be done. The administration could have insisted that any financial company receiving government support must fire its top management, ban all bonus payments, end dividends and share buybacks, and break itself up into smaller pieces—and that any company that refused would be left to fend for itself. The Fed could also have nationalized any company whose failure posed the risk of taking down too many others with it, as it did with AIG. Directly owned companies could then have been restructured, their bad debts written off, and sold once they were sound again. This would have purged the bad debt from the system, allowed the Obama administration to actually help underwater homeowners, and reduced the power of the banking lobby, which hamstrung the administration in Congress at every turn. Hell, the government could have even hung on to some of the banks to give to the US Postal Service to set up a public option for banking.
Politics would have been an obstacle to this plan but not an insurmountable one. Obama could have insisted on stringent conditions for the TARP bill, given the fact that Democrats were providing most of the votes for its passage. “We could have forced more mortgage relief. We could have imposed tighter conditions on dividends or executive compensation,” Goolsbee admits to Hundt. Failing that, Obama could have simply bided his time until he took office. Bernanke at the Fed was a bigger obstacle, given that his term was to last until 2010, but Fed chairs are still susceptible to political pressure. For example, Obama could have threatened to publicly attack Bernanke’s policy if he didn’t go along—especially his backdoor lending programs, which he was very keen on keeping quiet. Obama could have driven the big banks into bankruptcy and forced the Fed to take action. Most obviously, he could have appointed reformers to the Federal Reserve’s governing board. Instead, he left two Fed seats open for the critical first year of his administration and renominated Bernanke when his term was up.
In all likelihood, the government would have ended up owning a good portion of the American financial system for a time, though it’s worth noting that then-FDIC head Sheila Bair dismisses the fears of a nationalization-induced panic. “I didn’t believe in a domino effect,” she tells Hundt. “If you have a controlled failure, the markets will adjust.” Whatever the case, while the Republican right would have howled bloody murder—just as it did over every Obama policy—the rest of the US electorate almost certainly would have been satisfied, so long as the bankers were made to pay and regular folks got a cut of the bailout money. And the financial system would have been much more stable and far safer in the end. What happened instead was a hideously unfair and economically disastrous mess. Obama spent most of his considerable political capital on defending a cabal of corrupt, rotten financiers who very nearly ruined the world economy. His party alienated millions of voters, who felt abandoned and betrayed by the Democrats, which ended up costing them thousands of seats in state and local government. Thus, when the 2016 presidential election rolled around, Obama’s successor could not even beat a tawdry game-show demagogue.
In 2008, Obama faced a similar crisis: The economy was in free fall, and the financial system was gripped by panic. Unemployment had not yet come anywhere close to Depression levels, but like FDR, Obama had the opportunity—even the mandate—to enact far-reaching reforms. Unfortunately, he did not use this opportunity. Faced with a shattering economic breakdown, Obama and his key advisers largely sought to restore the wobbly precrisis status quo, inaugurating a decade of economic stagnation and dislocation that culminated in the election of Donald Trump.
The story of Obama’s missed opportunity to fix the rot in the American economy is frequently noted by the left, but it is also the subject of two recent books written mainly by Obama administration insiders—A Crisis Wasted: Barack Obama’s Defining Decisions, by Reed Hundt, who worked on Obama’s transition team, and Firefighting: The Financial Crisis and Its Lessons, by Ben Bernanke, Tim Geithner, and Henry Paulson (the former Goldman Sachs chairman and CEO who served as George W. Bush’s treasury secretary). The former is a brutal and devastating indictment of Obama’s strategic missteps as he confronted the crisis, while the latter attempts an apologia for the Bush-Obama crisis management strategy that inadvertently confirms Hundt’s key points. What both books show is that Obama and his administration burned up most of their political capital rescuing the banks from a crisis caused by their own mistakes, and they offer us a warning about doing the same thing again as we face yet another potentially disastrous recession.
As the winds of financial crisis gathered strength in late 2007, the key question faced by both policy-makers and those in the banking industry was what should be done about the supposedly too-big-to-fail firms. Several keystone institutions—the gigantic insurer AIG, the megabank Citigroup, the investment banks Bear Stearns and Lehman Brothers, and many of the other big Wall Street players—were heavily invested in mortgage-backed securities that turned out to be stuffed with the financial equivalent of toxic waste, and it was clear that, left to their own fate, they would implode.
Worse, the wholesale funding market—the unregulated “shadow banking” system that provided the daily credit flows on which the whole global financial system depended—was experiencing a kind of bank run, and financiers could no longer get the loans necessary for their daily operations. Savvier firms like Goldman Sachs and JPMorgan Chase had already shorted (or made bets against) the housing market and so were able to defend themselves against a disaster centered there—but if any of the other big players went down, they were all too aware that they would likely go, too. After all, the counterparty for many of those shorts was the now-ailing AIG. If it failed, it would take down Goldman and probably most of the rest of Wall Street as well, since they were all so intertwined. Thus, without some kind of government rescue, the entire financial system would collapse.
Yet even if everyone agreed on the necessity of a rescue, there was much less agreement on the form it should take. This was the question that the economic advisers for both the president and the president-elect were grappling with in the last months of 2008. One option, which Paulson favored, was simply to buy up toxic mortgages in order to get them off the banks’ balance sheets. A more compelling option was the one favored by Timothy Geithner, then head of the New York Federal Reserve Bank and soon to be Obama’s treasury secretary: He recommended “capital injections,” in which the government bought a whole bunch of bank stock—in other words, a partial nationalization—that would help strengthen the banks’ balance sheets and thus stabilize the financial system. The banks could then lend against the government’s fresh capital and further fortify themselves with more good assets to offset the bad ones.
For those financial companies in dire straits, the government would also have the option to simply buy them outright should their collapse threaten financial stability. The Federal Reserve had broad powers to buy up failing firms by declaring an emergency under Section 13(3) of the Federal Reserve Act. In “unusual and exigent circumstances,” the Fed could use its money-creating authority to simply purchase a failing company. Once owned by the government, a problem firm could be prevented from going bankrupt, and there would be time to examine its books and either fix it up or isolate it from the rest of the market and let it collapse.
Paulson opposed Geithner’s plan on ideological grounds, saying that it was “socialistic” and “sounded un-American.” But as the crisis gathered strength and it became clear that asset purchases would not be enough to save the system, the “socialistic” options won out. In early September, Paulson directed the Treasury Department to take control of the mortgage giants Fannie Mae and Freddie Mac (already partly backed by the state anyway), which were then teetering on the brink of collapse. A worried Bush informed Paulson that “we have to make it clear that what we are doing now is transitory, because otherwise it looks like nationalization.” But this caveat never came to pass; to this day, Fannie and Freddie are still owned by the government (and incidentally have turned a steady profit since 2012).
But Paulson refused to do the same thing for Lehman Brothers, which was nearing collapse a couple of weeks later. As Hundt writes, he maneuvered to prevent a Fed rescue and instructed the company to declare bankruptcy, thereby setting the stage for the largest bankruptcy in American history. This instantly caused market panic and put AIG on the brink of failure as well. As the markets tanked, Federal Reserve chairman Ben Bernanke threw caution to the wind, declared a Section 13(3) emergency, and rushed in with an $85 billion loan in return for almost 80 percent of AIG’s stock—making good old Uncle Sam the owner of the world’s largest insurance company. [...]
Regardless of whether the government should have purchased Lehman Brothers too, the issue with the bailouts of AIG, Fannie Mae, and Freddie Mac was that they were wildly unpopular—but not because people were worried about the government becoming “socialistic.” What infuriated them was the unfairness: AIG blew itself up making stupid bets, and now the government was leaping to its rescue with $85 billion (later increased to $180 billion). And yet the Bush administration did little about the company’s executives, who had played such a crucial role in wrecking the American economy in the first place. Meanwhile, the people suffering from their atrocious decisions were not similarly bailed out; they continued to see their jobs disappear, their homes foreclosed on, and their pension funds devastated.
Paulson recognized this growing outrage, and so he turned to the Democratic-controlled Congress for additional powers and money—$700 billion in all—thereby pinning “the tail of responsibility on the Democratic donkey,” as Hundt puts it. The bill, to create something called the Troubled Asset Relief Program (TARP), was voted down by Congress the first time, but with Obama’s support as president-elect and more oversight and structural controls built into it, TARP passed the House and Senate the second time around, thus making it “the first and most significant decision” of Obama’s presidency, Hundt writes: one in which he “let Paulson pick his presidential priority” and “chose bank bailouts—euphemistically, stabilizing finance—as his top strategic goal.” [...]
Once in office, Obama only doubled down on Paulson’s agenda, nominating Geithner as his treasury secretary and turning the foreclosure policy over to him. The TARP bill included a sweeping grant of authority and an unspecified appropriation to pursue foreclosure relief—meaning interest rate reductions, payment reschedulings, principal reductions, and “other similar modifications.” Obama previously promised to pursue “cramdown,” a policy that would have allowed homeowners to write down their mortgage to the home’s assessed value during bankruptcy proceedings. But since real homeowner relief would have harmed the banks (by reducing the value of their mortgage assets), Geithner refused to include principal reductions in his foreclosure plan and made the program such a Kafkaesque nightmare that few participated in it. Those who did found themselves at the mercy of mortgage servicers who had direct financial incentives to foreclose, and that is exactly what they did: They proceeded to trick thousands of homeowners into foreclosure. While more and more Americans lost their homes, Geithner quietly and successfully lobbied Congress to stop cramdown altogether. Through it all, Obama did nothing—just as he did nothing when Geithner disobeyed a direct order to draw up plans to wind down Citigroup.
In Hundt’s interviews with administration officials, the logic of this choice is discussed explicitly. “The only problem was that there was $750 billion of negative equity in housing—the amount that mortgages exceeded the value of the houses,” says Obama economic adviser Austan Goolsbee. “For sure the banks couldn’t take $750 billion of losses and for sure the government wasn’t willing to give $750 billion in subsidies to underwater homeowners, to say nothing of the anger it would engender among non-underwater homeowners.” Christina Romer, the head of Obama’s Council of Economic Advisers, puts that figure higher but comes to a similar conclusion. “There was about $1 trillion of negative equity,” she tells Hundt, “and getting rid of it would have helped increase consumer spending and heal the economy. But for the government to just absorb it would have been very expensive.”
Thus, since the banks couldn’t handle these losses and the government was unwilling to do so, the Obama team decided to quietly shove them onto homeowners. This choice would result in about 10 million families being forced out of their homes through foreclosure or some other process—roughly one out of every six homeowners. These foreclosed properties would then become economic time bombs, since abandoned houses damage neighborhoods and the value of adjacent homes. The political side effects were also disastrous. As Hundt writes, “In swing states affected severely by the housing market downturn, the reduction of mortgage credit supply had five times the negative effect on votes for the presidential candidate of the incumbent party than the increase in the unemployment rate.” Eventually, Rust Belt states were the hardest hit. “Chicago had the highest rate of negative equity among large markets,” he writes. “The surrounding states proved fertile territory for Donald Trump’s campaign.” [...]
Obama’s advisers often explained many of his choices by invoking legal constraints, but there was no technical or legal reason that a more just and thoroughgoing overhaul of the financial sector, coupled with support for homeowners and the rest of the American people, couldn’t be done. The administration could have insisted that any financial company receiving government support must fire its top management, ban all bonus payments, end dividends and share buybacks, and break itself up into smaller pieces—and that any company that refused would be left to fend for itself. The Fed could also have nationalized any company whose failure posed the risk of taking down too many others with it, as it did with AIG. Directly owned companies could then have been restructured, their bad debts written off, and sold once they were sound again. This would have purged the bad debt from the system, allowed the Obama administration to actually help underwater homeowners, and reduced the power of the banking lobby, which hamstrung the administration in Congress at every turn. Hell, the government could have even hung on to some of the banks to give to the US Postal Service to set up a public option for banking.
Politics would have been an obstacle to this plan but not an insurmountable one. Obama could have insisted on stringent conditions for the TARP bill, given the fact that Democrats were providing most of the votes for its passage. “We could have forced more mortgage relief. We could have imposed tighter conditions on dividends or executive compensation,” Goolsbee admits to Hundt. Failing that, Obama could have simply bided his time until he took office. Bernanke at the Fed was a bigger obstacle, given that his term was to last until 2010, but Fed chairs are still susceptible to political pressure. For example, Obama could have threatened to publicly attack Bernanke’s policy if he didn’t go along—especially his backdoor lending programs, which he was very keen on keeping quiet. Obama could have driven the big banks into bankruptcy and forced the Fed to take action. Most obviously, he could have appointed reformers to the Federal Reserve’s governing board. Instead, he left two Fed seats open for the critical first year of his administration and renominated Bernanke when his term was up.
In all likelihood, the government would have ended up owning a good portion of the American financial system for a time, though it’s worth noting that then-FDIC head Sheila Bair dismisses the fears of a nationalization-induced panic. “I didn’t believe in a domino effect,” she tells Hundt. “If you have a controlled failure, the markets will adjust.” Whatever the case, while the Republican right would have howled bloody murder—just as it did over every Obama policy—the rest of the US electorate almost certainly would have been satisfied, so long as the bankers were made to pay and regular folks got a cut of the bailout money. And the financial system would have been much more stable and far safer in the end. What happened instead was a hideously unfair and economically disastrous mess. Obama spent most of his considerable political capital on defending a cabal of corrupt, rotten financiers who very nearly ruined the world economy. His party alienated millions of voters, who felt abandoned and betrayed by the Democrats, which ended up costing them thousands of seats in state and local government. Thus, when the 2016 presidential election rolled around, Obama’s successor could not even beat a tawdry game-show demagogue.
[ed. Worth a revisit, I think, with the stock market continuing to hit new records every other week (for no obvious reasons). Incredibly, many people have forgotten the details and/or never really understood the cause and effect nature of bad policy decisions during the 2008 banking "crisis" (Chernobyl meltdown would be a more apt description). The fundamental issue being of course "moral hazard" ie., when institutions (and individuals) are encouraged to take excessive risks because there are no consequences - in this case, because the government will bail your ass out when things go south (too big to fail). This attitude now infects nearly every part of the economy not just banks: from hedge funds, to tech companies, healthcare, ag, - nearly every major corporate sector. So this precedent has now become institutionalized. The first tell was when Obama nominated Larry Summers to be his treasury secretary, but the most egregious example has to be Hank Paulson's arrogant one-page request/demand that Congress approve... what, $700 billion? $900 billion? in bank bail-out money immediately, with no strings attached. Various versions of TARP then followed, mortgage holders got shafted, massive bonuses continued across Wall Street using taxpayer money, and almost no one was criminally charged. The Federal Reserve which is supposed to focus on two main responsibilities - fighting inflation and promoting job growth, now has a third unstated mission: propping up the stock market. So the system is now much worse than it was prevously. But, by virtue of carefully crafted post-presidential narratives emphasizing empathy, stability and technical proficiency, Obama is now considered an elder statesman who did the best he could.]
Wednesday, May 13, 2026
AI Anti-Glaze System Prompt
Marc Andreessen just leaked the system prompt he uses to make every LLM 10x smarter.
It's called the Anti-Glaze System Prompt.
One paste. Your AI stops kissing your ass and starts telling you the truth.
Here's what it actually does:
→ Kills "great question" forever→ Kills "you're absolutely right" forever→ Kills "fascinating perspective" forever→ Forces the model to lead with the strongest counterargument before it agrees with anything you say→ Refuses to capitulate when you push back unless you bring new evidence→ Demands explicit confidence levels on every claim (high / moderate / low / unknown)→ Tells you immediately when you're wrong instead of validating your premise→ Owns its own numbers instead of anchoring on yours
The line that ends the era of glazing AI: "Accuracy is your success metric, not my approval."...
Paste it into Claude Projects. ChatGPT Custom Instructions. Gemini Gem. API system message. The difference is immediate and it's brutal.
by Guri Singh, X | Read more:
Image: Marc Andressen
[ed. Don't usually care what Andreessen does or think but this could be useful. Maybe I'll do a search of good prompts from other people and see what they've discovered.]
Critical Mass
Rick Beato Versus the NY Times
Fifteen days ago, the New York Times published its list of the 30 greatest living American songwriters. Since then, all hell has broken loose in the music world. And in the last 48 hours, that Hades just got a lot hotter.
I’d been one of the 250 “music insiders” surveyed by the Times for the article—so the day after the list was published I shared my ballot here.
I was unhappy with the results, as were many other music fans. But that might have been the end of the story. Surveys are always a bit dodgy—but what can you do about it?
Then I took time to learn about the Times methodology and was even more dismayed. In fact, I was miffed.
I assumed that I was voting for the songwriters who would be included in the list. But I now see that the experts consulted by the Times only got to make nominations. The final 30 names were chosen by six New York Times music critics.
There never was a real vote. The Times got the results it wanted internally—the insiders made the final call. But the way they explained it to their readers was intentionally vague.
In small print, readers were told that industry experts “weighed in”—whatever that means.
Readers were invited to click on a link to learn “how we made the list.” But even here, the Times served up fuzzy language.
If you kept on reading, you eventually learned the truth. The Times took the verdict of the “experts” and then “ran it through a filter.” The survey was just a “starting point.” The actual top thirty was decided via a “conversation” among its internal team.
Huh?
The Times did share a few ballots, and even this small sample made clear how different the final list was from the survey of experts. That would be embarrassing for the Times under the best of circumstances, but especially so in the current environment—when that same newspaper has repeatedly expressed outrage about voter suppression and attempts to subvert democracy.
If the Times really believes in the importance of voting and standing by results, why doesn’t it just share the actual ballot count?
Even so, this all might have been forgotten. But last Friday, the Times made the mistake of releasing a video entitled “In Defense of the NYT ‘Greatest Songwriters’ List.”
Here members of the inside team came across as smug, maybe even contemptuous, in responding to music fans who reached out to them. At one juncture, a Times critic laughs at a comment from a reader—simply for saying that he went to the Berklee College of Music. Then he continues to chuckle and smirk as he reads the rest of the reader’s comment, before finally throwing it on the floor.
This music lover had made the mistake of defending Billy Joel. For a serious critic at the Times, that is apparently very funny. [...]
During the subsequent 72 hours, the backlash intensified. A fiery response from esteemed jazz pianist Brad Mehldau was ostensibly a defense of Billy Joel, but focused mostly on the problems with music criticism of this sort. He describes a music critic character type very similar to the one I warned against in my article:
Rick had already released a video about the Times songwriter list, and he rarely deals with the same issue a second time. “I don’t usually make videos back-to-back on the same topic,” he explains. But he was also irritated by the tone of the Times video and felt compelled to respond to it.
His rebuttal is going viral with a vengeance. It’s been up for less than a day, and already has ten times as many views as the original Times video.
For the most part, he just shares clips from the Times podcast—which are damaging enough—before asking in frustration: “You hear these guys competing for the worst take?” In his words, they come across as “the most pretentious, cork-sniffing smug people”—whose condescension is all the worse because they have “no background in music.”
Rick, I should add, is not just a pundit, but is also a very skilled guitarist, record producer, music educator, etc. He possesses real credentials—the same ones the Times critics lack—and not just opinions.
But did he go too far?
The people watching his video clearly don’t think so. It already has 10,000+ comments—that’s more responses than the original Times article received. And they are brutal.
That first comment has almost 8,000 likes. As I said above, Hades is getting hotter—especially that level of Dante’s Inferno reserved for music critics.
I’d been one of the 250 “music insiders” surveyed by the Times for the article—so the day after the list was published I shared my ballot here.
I was unhappy with the results, as were many other music fans. But that might have been the end of the story. Surveys are always a bit dodgy—but what can you do about it?
Then I took time to learn about the Times methodology and was even more dismayed. In fact, I was miffed.
I assumed that I was voting for the songwriters who would be included in the list. But I now see that the experts consulted by the Times only got to make nominations. The final 30 names were chosen by six New York Times music critics.
There never was a real vote. The Times got the results it wanted internally—the insiders made the final call. But the way they explained it to their readers was intentionally vague.
In small print, readers were told that industry experts “weighed in”—whatever that means.
Readers were invited to click on a link to learn “how we made the list.” But even here, the Times served up fuzzy language.
If you kept on reading, you eventually learned the truth. The Times took the verdict of the “experts” and then “ran it through a filter.” The survey was just a “starting point.” The actual top thirty was decided via a “conversation” among its internal team.
Huh?
The Times did share a few ballots, and even this small sample made clear how different the final list was from the survey of experts. That would be embarrassing for the Times under the best of circumstances, but especially so in the current environment—when that same newspaper has repeatedly expressed outrage about voter suppression and attempts to subvert democracy.
If the Times really believes in the importance of voting and standing by results, why doesn’t it just share the actual ballot count?
Even so, this all might have been forgotten. But last Friday, the Times made the mistake of releasing a video entitled “In Defense of the NYT ‘Greatest Songwriters’ List.”
Here members of the inside team came across as smug, maybe even contemptuous, in responding to music fans who reached out to them. At one juncture, a Times critic laughs at a comment from a reader—simply for saying that he went to the Berklee College of Music. Then he continues to chuckle and smirk as he reads the rest of the reader’s comment, before finally throwing it on the floor.
This music lover had made the mistake of defending Billy Joel. For a serious critic at the Times, that is apparently very funny. [...]
During the subsequent 72 hours, the backlash intensified. A fiery response from esteemed jazz pianist Brad Mehldau was ostensibly a defense of Billy Joel, but focused mostly on the problems with music criticism of this sort. He describes a music critic character type very similar to the one I warned against in my article:
He is a snob who wants to be hip, so he becomes a critic. He listens to music not because he loves music, but because of how it defines his understanding of himself, narcissistically.But even this response was mild compared to Rick Beato’s take, which went live yesterday. Rick is a very smart guy with big ears and a deep understanding of music—much deeper than those Times insiders. And his words carry weight. By my measure, Beato has more influence than any music critic in the world right now, and when he says something, it gets attention.
Rick had already released a video about the Times songwriter list, and he rarely deals with the same issue a second time. “I don’t usually make videos back-to-back on the same topic,” he explains. But he was also irritated by the tone of the Times video and felt compelled to respond to it.
His rebuttal is going viral with a vengeance. It’s been up for less than a day, and already has ten times as many views as the original Times video.
For the most part, he just shares clips from the Times podcast—which are damaging enough—before asking in frustration: “You hear these guys competing for the worst take?” In his words, they come across as “the most pretentious, cork-sniffing smug people”—whose condescension is all the worse because they have “no background in music.”
Rick, I should add, is not just a pundit, but is also a very skilled guitarist, record producer, music educator, etc. He possesses real credentials—the same ones the Times critics lack—and not just opinions.
But did he go too far?
The people watching his video clearly don’t think so. It already has 10,000+ comments—that’s more responses than the original Times article received. And they are brutal.
That first comment has almost 8,000 likes. As I said above, Hades is getting hotter—especially that level of Dante’s Inferno reserved for music critics.
[ed. No Paul McCartney, Jimmy Webb, James Taylor... but Missy Elliot, Taylor Swift, Young Thug (?!), Babyface, Stephen Merrit, Romeo Santos, Outkast (?!), Lana Del Ray (?!), The Dream (who?), Bad Bunny, other greats...]
Labels:
Art,
history,
Journalism,
Literature,
Media,
Music,
Poetry
Intervention Time
via: X
[ed. Surreal. Republicans continue their silence and make excuses. The entire nuclear arsenal at his disposal. Nothing to see here. For more, including pictures and videos, see: If You Have to Tell People You’re the G.O.A.T., Then You Are Not (Larry Johnson). Then there's this - below:]
[ed. Surreal. Republicans continue their silence and make excuses. The entire nuclear arsenal at his disposal. Nothing to see here. For more, including pictures and videos, see: If You Have to Tell People You’re the G.O.A.T., Then You Are Not (Larry Johnson). Then there's this - below:]
Labels:
Government,
Health,
Politics,
Psychology,
Security
Exodus 32 (Updated): Evangelicals Gather in Mar-a-Lago to Bless Golden Statue of Donald Trump
MAGA evangelical “leaders” gathered at Mar-a-Lago and conducted a full public golden calf ritual blessing and dedicating a literal gold statue of Donald Trump as if he were a divine figure.
This is not Christianity. This is the exact biblical abomination of the golden calf (Exodus 32) the people melting their gold, creating an idol, and declaring it their god while claiming divine blessing.
by Aprajita Nafs Nefes /X | Read more:
***
"When the people saw that Moses was so long in coming down from the mountain, they gathered around Aaron and said, “Come, make us gods who will go before us. As for this fellow Moses who brought us up out of Egypt, we don’t know what has happened to him.”
“I have seen these people,” the Lord said to Moses, “and they are a stiff-necked people. Now leave me alone so that my anger may burn against them and that I may destroy them. Then I will make you into a great nation.” [...]
Moses turned and went down the mountain with the two tablets of the covenant law in his hands. They were inscribed on both sides, front and back. The tablets were the work of God; the writing was the writing of God, engraved on the tablets. [...]
When Moses approached the camp and saw the calf and the dancing, his anger burned and he threw the tablets out of his hands, breaking them to pieces at the foot of the mountain. And he took the calf the people had made and burned it in the fire; then he ground it to powder, scattered it on the water and made the Israelites drink it.
He said to Aaron, “What did these people do to you, that you led them into such great sin?”
“Do not be angry, my lord,” Aaron answered. “You know how prone these people are to evil. They said to me, ‘Make us gods who will go before us. As for this fellow Moses who brought us up out of Egypt, we don’t know what has happened to him.’ So I told them, ‘Whoever has any gold jewelry, take it off.’ Then they gave me the gold, and I threw it into the fire, and out came this calf!” [...]
The next day Moses said to the people, “You have committed a great sin. But now I will go up to the Lord; perhaps I can make atonement for your sin.”
So Moses went back to the Lord and said, “Oh, what a great sin these people have committed! They have made themselves gods of gold. But now, please forgive their sin—but if not, then blot me out of the book you have written.”
The Lord replied to Moses, “Whoever has sinned against me I will blot out of my book. Now go, lead the people to the place I spoke of, and my angel will go before you. However, when the time comes for me to punish, I will punish them for their sin.”
And the Lord struck the people with a plague because of what they did with the calf Aaron had made."
Aaron answered them, “Take off the gold earrings that your wives, your sons and your daughters are wearing, and bring them to me.” So all the people took off their earrings and brought them to Aaron. He took what they handed him and made it into an idol cast in the shape of a calf, fashioning it with a tool. Then they said, “These are your gods, Israel, who brought you up out of Egypt.”
When Aaron saw this, he built an altar in front of the calf and announced, “Tomorrow there will be a festival to the Lord.” So the next day the people rose early and sacrificed burnt offerings and presented fellowship offerings. Afterward they sat down to eat and drink and got up to indulge in revelry.
Then the Lord said to Moses, “Go down, because your people, whom you brought up out of Egypt, have become corrupt. They have been quick to turn away from what I commanded them and have made themselves an idol cast in the shape of a calf. They have bowed down to it and sacrificed to it and have said, ‘These are your gods, Israel, who brought you up out of Egypt.’
When Aaron saw this, he built an altar in front of the calf and announced, “Tomorrow there will be a festival to the Lord.” So the next day the people rose early and sacrificed burnt offerings and presented fellowship offerings. Afterward they sat down to eat and drink and got up to indulge in revelry.
Then the Lord said to Moses, “Go down, because your people, whom you brought up out of Egypt, have become corrupt. They have been quick to turn away from what I commanded them and have made themselves an idol cast in the shape of a calf. They have bowed down to it and sacrificed to it and have said, ‘These are your gods, Israel, who brought you up out of Egypt.’
“I have seen these people,” the Lord said to Moses, “and they are a stiff-necked people. Now leave me alone so that my anger may burn against them and that I may destroy them. Then I will make you into a great nation.” [...]
Moses turned and went down the mountain with the two tablets of the covenant law in his hands. They were inscribed on both sides, front and back. The tablets were the work of God; the writing was the writing of God, engraved on the tablets. [...]
When Moses approached the camp and saw the calf and the dancing, his anger burned and he threw the tablets out of his hands, breaking them to pieces at the foot of the mountain. And he took the calf the people had made and burned it in the fire; then he ground it to powder, scattered it on the water and made the Israelites drink it.
He said to Aaron, “What did these people do to you, that you led them into such great sin?”
“Do not be angry, my lord,” Aaron answered. “You know how prone these people are to evil. They said to me, ‘Make us gods who will go before us. As for this fellow Moses who brought us up out of Egypt, we don’t know what has happened to him.’ So I told them, ‘Whoever has any gold jewelry, take it off.’ Then they gave me the gold, and I threw it into the fire, and out came this calf!” [...]
The next day Moses said to the people, “You have committed a great sin. But now I will go up to the Lord; perhaps I can make atonement for your sin.”
So Moses went back to the Lord and said, “Oh, what a great sin these people have committed! They have made themselves gods of gold. But now, please forgive their sin—but if not, then blot me out of the book you have written.”
The Lord replied to Moses, “Whoever has sinned against me I will blot out of my book. Now go, lead the people to the place I spoke of, and my angel will go before you. However, when the time comes for me to punish, I will punish them for their sin.”
And the Lord struck the people with a plague because of what they did with the calf Aaron had made."
by BibleGateway | Read more:
Image: X
***
They literally had a bunch of pastors do the meme and bless a gold statute of Trump...They came together the pastors with Jewish leaders. I was like, am I…this is somebody this has got to be like AI, right?
Stas: Wait wait wait. I missed this. They blessed a golden statue of Trump.
Barnes: Yes. Yes.
Stas: [Interjecting, laughing] Wasn’t a golden calf?
Banres: I mean, that’s what everybody was saying. He’s like, “But no, in fact, the pastor went out of his way, “This isn’t a golden calf. It’s a golden statue of Trump.” Like, that’s how it’s different. And they had like Jewish leaders next to him. And it’s like, you got to be kidding me. Like, “We here bless this great statue to the great leader Donald Trump.”
Stas: Wait wait wait. I missed this. They blessed a golden statue of Trump.
Barnes: Yes. Yes.
Stas: [Interjecting, laughing] Wasn’t a golden calf?
Banres: I mean, that’s what everybody was saying. He’s like, “But no, in fact, the pastor went out of his way, “This isn’t a golden calf. It’s a golden statue of Trump.” Like, that’s how it’s different. And they had like Jewish leaders next to him. And it’s like, you got to be kidding me. Like, “We here bless this great statue to the great leader Donald Trump.”
Tuesday, May 12, 2026
May 10, 2026
There were two very different celebrations in Russia and in Hungary yesterday.
Russia celebrated Victory Day, the anniversary of the Soviet Union’s victory over Nazi Germany in World War II. Most of the Allies honor Victory in Europe Day, or V-E Day, on May 8, the day in 1945 that jubilant celebrations broke out as news spread of the Nazis’ unconditional surrender in Reims, France, on May 7, 1945. The Russians celebrate victory over the Nazis on May 9, for by the time the Germans surrendered to the Soviets in Berlin, the time difference meant it was already May 9 in Moscow.
May 9 is an important national holiday in Russia, marked with parades and honoring of relatives who fought in the war. In 2005, when Russia was still embracing democratic nations, more than fifty world leaders attended the sixtieth anniversary of Victory Day, including President George W. Bush; the leaders of China, France, Germany, Japan, Italy, Spain, and Denmark; the secretary-general of the United Nations; and the president of the European Commission.
But for the past several years, Russia’s president Vladimir Putin has used the event to demonstrate the nation’s military strength and to rally supporters behind him and the war in Ukraine. He has showcased troops and military hardware in a grand parade in Moscow’s Red Square.
This year, as Zahra Ullah of CNN reported, Putin followed his usual pattern of equating the troops fighting in Ukraine with those who fought in World War II. As he has often framed the war as a struggle against the North Atlantic Treaty Organization (NATO), he claimed today’s soldiers for Russia are “standing up to an aggressive force armed and supported by the entire NATO bloc.”
But the similarities between past celebrations and yesterday’s ended there. This year, the parade was dramatically scaled back. The parade included four parade units, including some from North Korea, and there was no heavy military hardware. Instead, screens spread across Red Square showed pre-recorded videos of drones, air defense forces, and submarines that state media claimed were from the front lines.
Although foreign leaders have attended the event in the past, this year there were few. As Matthew Luxmoore noted in the Wall Street Journal, Russian allies Venezuela and Hungary have recently lost their pro-Russian leaders, and Russian ally Iran is at war with the U.S. China’s leader Xi Jinping attended last year but did not attend this year. Russian officials allowed few foreign reporters to cover the event and warned people there could be restrictions on texting and the internet “to ensure security during the festive events.”
Putin’s scaled-back celebration reflects fear of Ukrainian drone strikes, which are hitting deep inside Russia. It also reflects growing discontent over the war and its devastation of the economy, and anger at the increasing repression with which Putin is trying to control opposition.
As former U.S. ambassador to Russia Michael McFaul noted in McFaul’s World, Putin’s war on Ukraine has now lasted longer than the Soviet Union’s war with Nazi Germany and has achieved none of the goals Putin set out for the conflict. He has not subjugated Ukraine and has not succeeded in regime change. He has not “demilitarized” Ukraine; indeed, Ukraine is more militarized than ever before and has become an important player in global weapons systems. And not only has Putin failed to stop NATO from expanding, but in response to his invasion of Ukraine, both Finland and Sweden have joined the defensive alliance.
Instead of achieving Putin’s goals, the war has killed or wounded more than 1.2 million Russian soldiers and eaten up the economy. As criticism of the regime has become more outspoken, the Kremlin has curbed access to the internet, not only exacerbating that criticism but also, as McFaul notes, making it harder for people to use mobile banking, order a taxi, or use other online services. Rumors are circulating that Putin is increasingly concerned for his own safety. Rather than walking to the Tomb of the Unknown Soldier to lay flowers as usual, yesterday he took an armored bus. [...]
In Hungary, a different kind of celebration was underway as Péter Magyar took the oath of office as prime minister after winning a landslide victory over Putin ally Viktor Orbán.
In his 16 years of rule, Orbán rejected the liberal democracy his country used to enjoy, saying that its emphasis on multiculturalism weakened the national culture while its insistence on human equality undermined traditional society by recognizing that women and LGBTQ people have the same rights as straight white men. The age of liberal democracy was over, he said, and a new age had begun.
In place of equality, Orbán advocated what he called “illiberal democracy” or “Christian democracy.” “Christian democracy is, by definition, not liberal,” he said in July 2018; “it is, if you like, illiberal. And we can specifically say this in connection with a few important issues—say, three great issues. Liberal democracy is in favor of multiculturalism, while Christian democracy gives priority to Christian culture; this is an illiberal concept. Liberal democracy is pro-immigration, while Christian democracy is anti-immigration; this is again a genuinely illiberal concept. And liberal democracy sides with adaptable family models, while Christian democracy rests on the foundations of the Christian family model; once more, this is an illiberal concept.”
Orbán focused on LBGTQ rights as a danger to “Western civilization.” Arguing the need to protect children, his party has made it impossible for transgender people to change their gender identification on legal documents and made it illegal to share with minors any content that can be interpreted as promoting an LBGTQ lifestyle. After Orbán put allies in charge of Hungarian universities, his government banned public funding for gender studies courses. According to his chief of staff: “The Hungarian government is of the clear view that people are born either men or women.”
The American right wing championed Orbán, who called for the establishment of a global right wing to continue to work together to destroy liberal democracy and establish Christian democracy. Before Hungary’s April election, Trump not only repeatedly endorsed Orbán but also promised “to use the full Economic Might of the United States to strengthen Hungary’s Economy, as we have done for our Great Allies in the past, if Prime Minister Viktor Orbán and the Hungarian people ever need it.” Vice President J.D. Vance actually traveled to Hungary to campaign for Orbán.
But the Hungarian people overwhelmingly rejected Orbán and his party, giving Magyar’s party more than a two-thirds majority in parliament. This will give it the power to overturn not only the laws Orbán and his party passed, but also the changes Orbán made to entrench himself and his party in power permanently. Magyar promised to root out the corruption that has made Orbán and his cronies rich, to restore the rule of law and freedom of speech, and to repair Hungary’s ties with the European Union, which Orbán had frayed almost to the breaking point with his loyalty to Vladimir Putin.
In his inauguration speech, Magyar vowed to “serve my country, not rule over it.” He noted that the corrupt members of the outgoing government “stole from the pockets of Hungarians” and left behind a huge budget deficit and a broken healthcare system. He vowed accountability for those who plundered the country and broke its laws, and promised to rebuild the nation’s shattered checks and balances. He urged Hungarians always to criticize their leaders and hold them accountable.
“We inherited a country where politics deliberately pitted Hungarians against each other,” he said, and he explained how Orbán mobilized supporters with hatred and fear, poisoning “the collective psyche of an entire nation.” “The Hungarian state must never again do this to its own citizens,” he said. He vowed to heal the country: “We will once again learn to think of ourselves as one nation,” he promised. [...]
Russia celebrated Victory Day, the anniversary of the Soviet Union’s victory over Nazi Germany in World War II. Most of the Allies honor Victory in Europe Day, or V-E Day, on May 8, the day in 1945 that jubilant celebrations broke out as news spread of the Nazis’ unconditional surrender in Reims, France, on May 7, 1945. The Russians celebrate victory over the Nazis on May 9, for by the time the Germans surrendered to the Soviets in Berlin, the time difference meant it was already May 9 in Moscow.
May 9 is an important national holiday in Russia, marked with parades and honoring of relatives who fought in the war. In 2005, when Russia was still embracing democratic nations, more than fifty world leaders attended the sixtieth anniversary of Victory Day, including President George W. Bush; the leaders of China, France, Germany, Japan, Italy, Spain, and Denmark; the secretary-general of the United Nations; and the president of the European Commission.
But for the past several years, Russia’s president Vladimir Putin has used the event to demonstrate the nation’s military strength and to rally supporters behind him and the war in Ukraine. He has showcased troops and military hardware in a grand parade in Moscow’s Red Square.
This year, as Zahra Ullah of CNN reported, Putin followed his usual pattern of equating the troops fighting in Ukraine with those who fought in World War II. As he has often framed the war as a struggle against the North Atlantic Treaty Organization (NATO), he claimed today’s soldiers for Russia are “standing up to an aggressive force armed and supported by the entire NATO bloc.”
But the similarities between past celebrations and yesterday’s ended there. This year, the parade was dramatically scaled back. The parade included four parade units, including some from North Korea, and there was no heavy military hardware. Instead, screens spread across Red Square showed pre-recorded videos of drones, air defense forces, and submarines that state media claimed were from the front lines.
Although foreign leaders have attended the event in the past, this year there were few. As Matthew Luxmoore noted in the Wall Street Journal, Russian allies Venezuela and Hungary have recently lost their pro-Russian leaders, and Russian ally Iran is at war with the U.S. China’s leader Xi Jinping attended last year but did not attend this year. Russian officials allowed few foreign reporters to cover the event and warned people there could be restrictions on texting and the internet “to ensure security during the festive events.”
Putin’s scaled-back celebration reflects fear of Ukrainian drone strikes, which are hitting deep inside Russia. It also reflects growing discontent over the war and its devastation of the economy, and anger at the increasing repression with which Putin is trying to control opposition.
As former U.S. ambassador to Russia Michael McFaul noted in McFaul’s World, Putin’s war on Ukraine has now lasted longer than the Soviet Union’s war with Nazi Germany and has achieved none of the goals Putin set out for the conflict. He has not subjugated Ukraine and has not succeeded in regime change. He has not “demilitarized” Ukraine; indeed, Ukraine is more militarized than ever before and has become an important player in global weapons systems. And not only has Putin failed to stop NATO from expanding, but in response to his invasion of Ukraine, both Finland and Sweden have joined the defensive alliance.
Instead of achieving Putin’s goals, the war has killed or wounded more than 1.2 million Russian soldiers and eaten up the economy. As criticism of the regime has become more outspoken, the Kremlin has curbed access to the internet, not only exacerbating that criticism but also, as McFaul notes, making it harder for people to use mobile banking, order a taxi, or use other online services. Rumors are circulating that Putin is increasingly concerned for his own safety. Rather than walking to the Tomb of the Unknown Soldier to lay flowers as usual, yesterday he took an armored bus. [...]
In Hungary, a different kind of celebration was underway as Péter Magyar took the oath of office as prime minister after winning a landslide victory over Putin ally Viktor Orbán.
In his 16 years of rule, Orbán rejected the liberal democracy his country used to enjoy, saying that its emphasis on multiculturalism weakened the national culture while its insistence on human equality undermined traditional society by recognizing that women and LGBTQ people have the same rights as straight white men. The age of liberal democracy was over, he said, and a new age had begun.
In place of equality, Orbán advocated what he called “illiberal democracy” or “Christian democracy.” “Christian democracy is, by definition, not liberal,” he said in July 2018; “it is, if you like, illiberal. And we can specifically say this in connection with a few important issues—say, three great issues. Liberal democracy is in favor of multiculturalism, while Christian democracy gives priority to Christian culture; this is an illiberal concept. Liberal democracy is pro-immigration, while Christian democracy is anti-immigration; this is again a genuinely illiberal concept. And liberal democracy sides with adaptable family models, while Christian democracy rests on the foundations of the Christian family model; once more, this is an illiberal concept.”
Orbán focused on LBGTQ rights as a danger to “Western civilization.” Arguing the need to protect children, his party has made it impossible for transgender people to change their gender identification on legal documents and made it illegal to share with minors any content that can be interpreted as promoting an LBGTQ lifestyle. After Orbán put allies in charge of Hungarian universities, his government banned public funding for gender studies courses. According to his chief of staff: “The Hungarian government is of the clear view that people are born either men or women.”
The American right wing championed Orbán, who called for the establishment of a global right wing to continue to work together to destroy liberal democracy and establish Christian democracy. Before Hungary’s April election, Trump not only repeatedly endorsed Orbán but also promised “to use the full Economic Might of the United States to strengthen Hungary’s Economy, as we have done for our Great Allies in the past, if Prime Minister Viktor Orbán and the Hungarian people ever need it.” Vice President J.D. Vance actually traveled to Hungary to campaign for Orbán.
But the Hungarian people overwhelmingly rejected Orbán and his party, giving Magyar’s party more than a two-thirds majority in parliament. This will give it the power to overturn not only the laws Orbán and his party passed, but also the changes Orbán made to entrench himself and his party in power permanently. Magyar promised to root out the corruption that has made Orbán and his cronies rich, to restore the rule of law and freedom of speech, and to repair Hungary’s ties with the European Union, which Orbán had frayed almost to the breaking point with his loyalty to Vladimir Putin.
In his inauguration speech, Magyar vowed to “serve my country, not rule over it.” He noted that the corrupt members of the outgoing government “stole from the pockets of Hungarians” and left behind a huge budget deficit and a broken healthcare system. He vowed accountability for those who plundered the country and broke its laws, and promised to rebuild the nation’s shattered checks and balances. He urged Hungarians always to criticize their leaders and hold them accountable.
“We inherited a country where politics deliberately pitted Hungarians against each other,” he said, and he explained how Orbán mobilized supporters with hatred and fear, poisoning “the collective psyche of an entire nation.” “The Hungarian state must never again do this to its own citizens,” he said. He vowed to heal the country: “We will once again learn to think of ourselves as one nation,” he promised. [...]
by Heather Cox Richardson, Letters from an American | Read more:
Change in Private-Sector Jobs Since December, 2023
Healthcare and Social Assistance have added nearly 1.8 million private-sector jobs in the US since the end of 2023 while all of other industries combined have lost 127,800 jobs.
Source:
[ed. We all know about the jobs boom in data center construction, but it appears to be a blip in the overall big picture. With an increasingly aging population, more AI-related job losses, a dysfuctional if not entirely broken healthcare system (and Congress), etc. Human support industries will likely be the bedrock of whatever economy exists/persists going forward.]
Italian Brainrot
Italian brainrot (Wikipedia)
Italian brainrot is characterized by absurd images or videos created using generative artificial intelligence. It typically features hybrid figures combining animals with everyday objects, foods, and weapons. They are given Italianized names or incorporate stereotypical Italian cultural markers and are accompanied by AI-generated audio narration in Italian, which is often nonsensical. The names of these characters often have Italian suffixes, such as -ini or -ello.
The term brain rot was named Oxford Word of the Year in 2024, and refers to the deteriorating effect on one's mental state when overconsuming "trivial or unchallenging content" online. The term can also refer to the content itself. Online users often use this label to acknowledge the ridiculousness of Italian brainrot, while recognising the growing amount of AI slop present online.
Images: DevonRex368; alexey_pigeon
Italian brainrot is characterized by absurd images or videos created using generative artificial intelligence. It typically features hybrid figures combining animals with everyday objects, foods, and weapons. They are given Italianized names or incorporate stereotypical Italian cultural markers and are accompanied by AI-generated audio narration in Italian, which is often nonsensical. The names of these characters often have Italian suffixes, such as -ini or -ello.
The term brain rot was named Oxford Word of the Year in 2024, and refers to the deteriorating effect on one's mental state when overconsuming "trivial or unchallenging content" online. The term can also refer to the content itself. Online users often use this label to acknowledge the ridiculousness of Italian brainrot, while recognising the growing amount of AI slop present online.
Images: DevonRex368; alexey_pigeon
[ed. Presented here for no other reason than to highlight another example of the decline of western civilization. I'm beginning to think that if AI is inclined to wipe us all out it'll be a mercy killing. See also: Reading is magic (Sam Kriss):]
Probably the most alarming index of this was a study in which a group of English majors at two well-regarded public universities in Kansas were asked to read the first seven paragraphs of Bleak House by Charles Dickens, and explain after every sentence what they thought was happening. Only 5% of the students could produce a ‘detailed, literal understanding’ of the text. The rest were either patching together vague impressions from a bunch of half-understood phrases, or could not comprehend anything at all.
***
"The kids can’t read. I don’t mean that they’re incapable of sounding out letters and forming them into words, although an increasing proportion of them can’t do that either. In the US, literacy peaked around 2014 and has been sliding since. 40% of fourth-graders have ‘below basic’ reading abilities, which means they struggle to extract any meaning from a written text; the number of illiterate students has been rising every year since 2014. But even when students can perform the mechanics of reading, it no longer seems to make their minds start working in textlike ways. It’s an entirely different set of technologies producing their mental processes, and when they come to the written word they come to it from the outside. [...]Probably the most alarming index of this was a study in which a group of English majors at two well-regarded public universities in Kansas were asked to read the first seven paragraphs of Bleak House by Charles Dickens, and explain after every sentence what they thought was happening. Only 5% of the students could produce a ‘detailed, literal understanding’ of the text. The rest were either patching together vague impressions from a bunch of half-understood phrases, or could not comprehend anything at all.
One particular stumbling block was the novel’s third sentence, which describes London in December: ‘As much mud in the streets, as if the waters had but newly retired from the face of the earth, and it would not be wonderful to meet a Megalosaurus, forty feet long or so, waddling like an elephantine lizard up Holborn Hill.’ The students found this figurative language impossible; they could only read the sentence with the assumption that Dickens was describing the presence of an actual prehistoric reptile in Victorian London. One respondent glossed it like this: ‘It’s probably some kind of an animal or something or another. So, yup, I think we’ve encountered some kind of an animal these characters have met in the street.’ The study assessed this person as a ‘competent’ rather than a ‘problematic’ reader, because they’d at least managed to form an idea of what the text meant, even if it was wrong.
Bleak House is not an elitist text; not so long ago, it was mass entertainment. When Dickens visited America in 1867, over 100,000 people paid to see him speak. Delighted crowds mobbed him in the streets. Today, a person studying English literature at degree level responds to his work in essentially the same way as an illiterate Uzbek peasant in the 1930s, incapable of thinking outside of immediate sensory reality. [...]
This is not a world we’re prepared for. All democratic politics assume a literate population; people who are willing to think in abstract terms about the kind of world they want to live in. Without that, democracy becomes a kind of tribal headcount, or a struggle for state resources between competing patronage networks... A population that can no longer think for itself will end up voluntarily ceding power to strongmen or demagogues. The end of literacy is the end of public reason. A post-literate world will be unreasonable, irrational, full of anger and madness, and people eating each other in the streets."
Bleak House is not an elitist text; not so long ago, it was mass entertainment. When Dickens visited America in 1867, over 100,000 people paid to see him speak. Delighted crowds mobbed him in the streets. Today, a person studying English literature at degree level responds to his work in essentially the same way as an illiterate Uzbek peasant in the 1930s, incapable of thinking outside of immediate sensory reality. [...]
This is not a world we’re prepared for. All democratic politics assume a literate population; people who are willing to think in abstract terms about the kind of world they want to live in. Without that, democracy becomes a kind of tribal headcount, or a struggle for state resources between competing patronage networks... A population that can no longer think for itself will end up voluntarily ceding power to strongmen or demagogues. The end of literacy is the end of public reason. A post-literate world will be unreasonable, irrational, full of anger and madness, and people eating each other in the streets."
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